New York S 9340: Extends the period of probable usefulness of broadband and related telecommunications infrastructure

Bill Text

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S09340 Summary:

BILL NOS09340 

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SAME ASSAME AS A10212

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SPONSORMAY

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COSPNSR

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MLTSPNSR

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Amd §11.00, Loc Fin L

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Extends the period of probable usefulness of broadband and related telecommunications infrastructure to thirty years.

Go to top S09340 Actions:

BILL NOS09340 

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03/03/2026REFERRED TO LOCAL GOVERNMENT

Go to topS09340 Committee&nbspVotes:

Go to topS09340 Floor&nbspVotes:

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

Go to topS09340 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9340

 IN SENATE

 March 3, 2026
 ___________

 Introduced by Sen. MAY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Local Government

 AN ACT to amend the local finance law, in relation to the period of
 probable usefulness of broadband and related telecommunications
 infrastructure

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

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "municipal broadband financing modernization improvement act of
 3 2026".
 4 § 2. Subdivision 109 of paragraph a of section 11.00 of the local
 5 finance law, as added by chapter 512 of the laws of 2023, is amended to
 6 read as follows:
 7 109. For acquisition, construction, or replacement of broadband and
 8 related telecommunications infrastructure pursuant to section ninety-
 9 nine-y of the general municipal law, [ten] thirty years.
 10 § 3. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14614-01-6

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