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Bill > HB1234


CO HB1234

CO HB1234
Sunset Review of High Cost Support Mechanism


summary

Introduced
02/12/2024
In Committee
04/12/2024
Crossed Over
05/17/2024
Passed
05/17/2024
Dead
Signed/Enacted/Adopted
05/28/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING THE CONTINUATION OF HIGH COST SUPPORT MECHANISM FUNDING FOR RURAL TELECOMMUNICATIONS PROVIDERS, AND, IN CONNECTION THEREWITH, IMPLEMENTING THE RECOMMENDATIONS IN THE 2023 SUNSET REPORT BY THE DEPARTMENT OF REGULATORY AGENCIES.

AI Summary

This bill aims to continue the high cost support mechanism funding for rural telecommunications providers in Colorado. It removes the scheduled repeal of the public utilities commission's administration of the high cost support mechanism, and extends the requirement for rural providers to continue receiving the same level of reimbursement established in 2015-2016 beyond the original September 1, 2024 expiration date. The bill also adjusts the calculation of fees paid by telephone corporations and other public utilities to the telecommunications utility fund and the public utilities commission fixed utility fund, to cover the direct and indirect costs of supervising and regulating these entities, including the administrative costs of the high cost support mechanism.

Committee Categories

Business and Industry, Housing and Urban Affairs

Sponsors (18)

Last Action

Governor Signed (on 05/28/2024)

bill text


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