New York A 7229: Relates to establishing a revolving fund for the establishment of municipal internet service providers; appropriation

Bill Text

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A07229 Summary:

BILL NOA07229 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORBichotte Hermelyn

&nbsp

COSPNSRSimon

&nbsp

MLTSPNSR

&nbsp

Add §99-m, St Fin L

&nbsp

Establishes a revolving fund for the establishment of municipal internet service providers; appropriates $250 million therefor.

Go to top A07229 Actions:

BILL NOA07229 

&nbsp

03/21/2025referred to ways and means

01/07/2026referred to ways and means

Go to topA07229 Committee&nbspVotes:

Go to topA07229 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA07229 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7229

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 21, 2025
 ___________

 Introduced by M. of A. BICHOTTE HERMELYN -- read once and referred to
 the Committee on Ways and Means

 AN ACT to amend the state finance law, in relation to establishing a
 revolving fund for the establishment of municipal internet service
 providers; and making an appropriation therefor

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The state finance law is amended by adding a new section
 2 99-m to read as follows:
 3 § 99-m. Municipal internet service provider revolving loan fund. 1.
 4 There is hereby established in the joint custody of the comptroller and
 5 the public service commission a fund to be known as the "municipal
 6 internet service provider revolving loan fund". Such fund shall consist
 7 of moneys made available pursuant to appropriation and any other sources
 8 in order to provide support for municipalities attempting to create
 9 their own internet service provider.
 10 2. The account shall consist of all moneys appropriated for its
 11 purpose, all moneys transferred to such account pursuant to law, and all
 12 moneys required by this section or any other law to be paid into or
 13 credited to this account, including all moneys received by the account
 14 or donated to it, payments of principal and interest on loans made from
 15 the account, and any interest earnings which may accrue from the invest-
 16 ment or reinvestment of moneys from the account.
 17 3. Moneys of the account, when allocated, shall be available to the
 18 public service commission to make loans as provided in this section. Up
 19 to five percent of the moneys of the account or two hundred fifty thou-
 20 sand dollars, whichever is less, may be used to pay the expenses,
 21 including personal service and maintenance and operation, in connection
 22 with the administration of such loans.
 23 4. (a) The public service commission may make, upon application duly
 24 made, up to the amounts available by appropriation, loans for any and

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11011-01-5

 A. 7229 2

 1 all costs associated with the creation of a municipally owned broadband
 2 internet service provider.
 3 (b) The public service commission shall have the power to make such
 4 rules and regulations as may be necessary and proper to effectuate the
 5 purposes of this section.
 6 5. (a) Application for loans may be made by a town, village, city or
 7 county provided that the application is otherwise consistent with its
 8 respective powers. Applications may also be submitted jointly by multi-
 9 ple applicants provided that the application is otherwise consistent
 10 with each applicant's respective powers.
 11 (b) Every application shall be in a form acceptable to the public
 12 service commission. Every application shall accurately reflect the
 13 conditions which give rise to the proposed expenditure and accurately
 14 reflect the ability of the applicant to make such an expenditure without
 15 the proceeds of a loan under this section.
 16 (c) (i) The public service commission shall give preference to those
 17 applications which demonstrate the greatest need, joint applications,
 18 and to those applications the proceeds of which will be applied toward
 19 attaining compliance with federal and state laws and may disapprove any
 20 application which contains no adequate demonstration of need or which
 21 would result in inequitable or inefficient use of the moneys in the
 22 account.
 23 (ii) In