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Assembly Bill A9907A

2021-2022 Legislative Session

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

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Archive: Last Bill Status - In Senate Committee Local Government Committee

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Bill Amendments

co-Sponsors

2021-A9907 - Details

See Senate Version of this Bill:
S8904
Current Committee:
Senate Local Government
Law Section:
Local Finance Law
Laws Affected:
Amd §11.00, Loc Fin L
Versions Introduced in 2023-2024 Legislative Session:
A1260, S289

2021-A9907 - Summary

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

2021-A9907 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9907
 
                           I N  A S S E M B L Y
 
                              April 19, 2022
                                ___________
 
 Introduced  by M. of A. KELLES, MITAYNES, FAHY, ENGLEBRIGHT -- read once
   and referred to the Committee on Local Governments
 
 AN ACT to amend the general municipal law, in  relation  to  authorizing
   municipalities  to  issue and sell bonds to fund broadband and related
   telecommunications infrastructure
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The opening paragraph of section 99-y of the general munic-
 ipal law is designated subdivision 1 and a new subdivision 2 is added to
 read as follows:
   2.  ANY  MUNICIPAL  CORPORATION  THAT HAS ESTABLISHED, CONSTRUCTED AND
 MAINTAINED BROADBAND AND RELATED TELECOMMUNICATIONS  INFRASTRUCTURE,  OR
 CONTRACTED FOR SUCH SERVICES PURSUANT TO SUBDIVISION ONE OF THIS SECTION
 MAY,  FOR  THE  PURPOSE  OF PROVIDING FUNDS FOR SUCH SERVICES, ISSUE AND
 SELL BONDS OR OTHER MUNICIPAL  OBLIGATIONS  AS  PROVIDED  IN  THE  LOCAL
 FINANCE  LAW AND OTHER APPLICABLE LAW AND STATUTES. PRINCIPAL AND INTER-
 EST PAYMENTS ON SUCH BONDS OR OTHER MUNICIPAL OBLIGATIONS MAY BE MADE IN
 WHOLE OR IN PART FROM ANY PROCEEDS FROM SUCH BROADBAND SERVICES.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04718-14-2

co-Sponsors

2021-A9907A (ACTIVE) - Details

See Senate Version of this Bill:
S8904
Current Committee:
Senate Local Government
Law Section:
Local Finance Law
Laws Affected:
Amd §11.00, Loc Fin L
Versions Introduced in 2023-2024 Legislative Session:
A1260, S289

2021-A9907A (ACTIVE) - Summary

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

2021-A9907A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  9907--A
 
                           I N  A S S E M B L Y
 
                              April 19, 2022
                                ___________
 
 Introduced  by M. of A. KELLES, MITAYNES, FAHY, ENGLEBRIGHT -- read once
   and referred to  the  Committee  on  Local  Governments  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN ACT to amend the local finance law, in relation to providing a period
   of  probable  usefulness  for broadband and related telecommunications
   infrastructure

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph  a of section 11.00 of the local finance law is
 amended by adding a new subdivision 109 to read as follows:
   109. FOR ACQUISITION, CONSTRUCTION, OR REPLACEMENT  OF  BROADBAND  AND
 RELATED  TELECOMMUNICATIONS  INFRASTRUCTURE  PURSUANT TO SECTION NINETY-
 NINE-Y OF THE GENERAL MUNICIPAL LAW, TEN YEARS.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04718-15-2

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