Senate Bill S8904A

2021-2022 Legislative Session

Provides a period of probable usefulness for broadband and related telecommunications infrastructure

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Archive: Last Bill Status - In Senate Committee Local Government Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2021-S8904 - Details

See Assembly Version of this Bill:
A9907
Current Committee:
Senate Local Government
Law Section:
Local Finance Law
Laws Affected:
Amd §11.00, Loc Fin L
Versions Introduced in 2023-2024 Legislative Session:
S289, A1260

2021-S8904 - Summary

Provides a 10 year period of probable usefulness for broadband and related telecommunications infrastructure.

2021-S8904 - Sponsor Memo

2021-S8904 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8904
 
                             I N  S E N A T E
 
                              April 27, 2022
                                ___________
 
 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 general municipal law, in  relation  to  authorizing
   municipalities  to  issue and sell bonds to fund broadband and related
   telecommunications infrastructure
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The opening paragraph of section 99-y of the general munic-
 ipal law is designated subdivision 1 and a new subdivision 2 is added to
 read as follows:
   2.  ANY  MUNICIPAL  CORPORATION  THAT HAS ESTABLISHED, CONSTRUCTED AND
 MAINTAINED BROADBAND AND RELATED TELECOMMUNICATIONS  INFRASTRUCTURE,  OR
 CONTRACTED FOR SUCH SERVICES PURSUANT TO SUBDIVISION ONE OF THIS SECTION
 MAY,  FOR  THE  PURPOSE  OF PROVIDING FUNDS FOR SUCH SERVICES, ISSUE AND
 SELL BONDS OR OTHER MUNICIPAL  OBLIGATIONS  AS  PROVIDED  IN  THE  LOCAL
 FINANCE  LAW AND OTHER APPLICABLE LAW AND STATUTES. PRINCIPAL AND INTER-
 EST PAYMENTS ON SUCH BONDS OR OTHER MUNICIPAL OBLIGATIONS MAY BE MADE IN
 WHOLE OR IN PART FROM ANY PROCEEDS FROM SUCH BROADBAND SERVICES.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04718-14-2



              

2021-S8904A (ACTIVE) - Details

See Assembly Version of this Bill:
A9907
Current Committee:
Senate Local Government
Law Section:
Local Finance Law
Laws Affected:
Amd §11.00, Loc Fin L
Versions Introduced in 2023-2024 Legislative Session:
S289, A1260

2021-S8904A (ACTIVE) - Summary

Provides a 10 year period of probable usefulness for broadband and related telecommunications infrastructure.

2021-S8904A (ACTIVE) - Sponsor Memo

2021-S8904A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8904--A
 
                             I N  S E N A T E
 
                              April 27, 2022
                                ___________
 
 Introduced  by  Sen.  MAY  --  read  twice and ordered printed, and when
   printed to be committed  to  the  Committee  on  Local  Government  --
   committee  discharged,  bill amended, ordered reprinted as amended and
   recommitted to said committee
 
 AN ACT to amend the local finance law, in relation to providing a period
   of probable usefulness for broadband  and  related  telecommunications
   infrastructure
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph a of section 11.00 of the local  finance  law  is
 amended by adding a new subdivision 109 to read as follows:
   109.  FOR  ACQUISITION,  CONSTRUCTION, OR REPLACEMENT OF BROADBAND AND
 RELATED TELECOMMUNICATIONS INFRASTRUCTURE PURSUANT  TO  SECTION  NINETY-
 NINE-Y OF THE GENERAL MUNICIPAL LAW, TEN YEARS.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04718-16-2



              

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