Bill > A07229

This bill establishes a municipal internet service provider (ISP) revolving loan fund with an initial appropriation of $250 million to help local governments create their own broadband internet services. The fund will be jointly managed by the state comptroller and public service commission, and will provide loans to towns, villages, cities, and counties for creating municipally owned internet service providers. Applicants must demonstrate need and the ability to use the funds effectively, with the public service commission giving preference to applications showing the greatest need, joint applications, and those aimed at achieving compliance with federal and state laws. The fund will prioritize equitable geographic distribution of loans across the state and encourage regional cooperation. Up to 5% of the fund (or $250,000) can be used for administrative expenses. Loan applications must be submitted in a form acceptable to the public service commission and will be evaluated based on the applicant's specific circumstances and potential impact. The bill aims to expand local broadband access by providing financial support for municipalities to develop their own internet infrastructure.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7229