Bill > A10212

This bill, known as the "municipal broadband financing modernization improvement act of 2026," amends the local finance law to extend the "period of probable usefulness" for broadband and related telecommunications infrastructure from ten years to thirty years. The period of probable usefulness is a term used in local finance law to determine how long a municipality can finance the cost of a capital project through the issuance of bonds or other debt instruments, essentially setting the maximum lifespan for which such debt can be repaid. By increasing this period to thirty years, the bill aims to make it more financially feasible for municipalities to invest in and upgrade their broadband and telecommunications networks, recognizing that these are long-term assets requiring sustained investment.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A10212