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NY S00289

Bill

Official Source

Status

Passed

9/29/2023

Primary Sponsor

Rachel May

Click for details

Origin

Senate

2023-2024 General Assembly

AI Summary

  • Amends Local Finance Law Section 11.00 to add a new subdivision 109 establishing a 10-year period of probable usefulness for broadband and related telecommunications infrastructure
  • Applies to acquisition, construction, or replacement of broadband and related telecommunications infrastructure under General Municipal Law Section 99-y
  • Takes effect immediately upon enactment
  • Allows municipalities to depreciate broadband infrastructure investments over a 10-year period for financial planning purposes

Legislative Description

Provides a 10 year period of probable usefulness for broadband and related telecommunications infrastructure.

Last Action

SIGNED CHAP.512

9/29/2023

Committee Referrals

Ways and Means5/9/2023
Finance1/17/2023
Local Government1/4/2023

Full Bill Text

No bill text available