Authorizes the city of Quincy to issue revenue bonds for telecommunications facilities construction and reconstruction.
The bill allows the city of Quincy to issue revenue bonds for designing, engineering, constructing, and reconstructing telecommunications facilities. The bonds are limited obligations, payable from rates and charges collected by the city for telecommunications services. The city can enter into agreements with property owners for fixed assessments for access to service. Funds from bond proceeds are to be held and applied solely as provided in the act. The act takes effect upon passage.
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