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NY S09340
Bill
Status
3/3/2026
Primary Sponsor
Rachel May
Click for details
AI Summary
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Extends the period of probable usefulness for municipal broadband and telecommunications infrastructure from ten years to thirty years under New York's local finance law
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Allows local governments to issue bonds with longer repayment terms for broadband projects, reducing annual debt service costs
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Applies to acquisition, construction, or replacement of broadband infrastructure authorized under General Municipal Law section 99-y
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Officially titled the "Municipal Broadband Financing Modernization Improvement Act of 2026"
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Takes effect immediately upon enactment
Legislative Description
Extends the period of probable usefulness of broadband and related telecommunications infrastructure to thirty years.
Last Action
REFERRED TO LOCAL GOVERNMENT
3/3/2026