Budget Amendment ID: FY2022-S3-914

LOC 914

Municipal Broadband Debt Relief

Mr. Hinds, Ms. Comerford, Ms. Gobi, Messrs. Lesser and O'Connor moved that the proposed new text be amended by adding at the end thereof the following section:-

SECTION XX. Notwithstanding section 17 of chapter 44 of the general laws or any other general or special law to the contrary, a municipality that is participating in the Connecting America Fund Phase II Auction 903 administered by the Federal Communications Commission who have made a temporary loan to finance costs related to constructing a broadband network may extend the period from the date of issue of the original loan to the date of maturity of the refunding loan beyond a period of 2 years but not more than a period of 3 years without said temporary loan being paid in part from revenue funds of the municipality.