Establishes a revolving fund for municipal internet service providers; appropriates $250 million.

This bill establishes a revolving fund for municipalities to create their own internet service providers. The fund, managed by the comptroller and the public service commission, will receive an initial appropriation of $250 million. The public service commission will oversee the fund, ensuring equitable distribution of loans across the state and prioritizing applications that demonstrate the greatest need.

Establishes a revolving fund for municipal internet service providers; appropriates $250 million.

This bill establishes a revolving fund for municipalities to create their own internet service providers. The fund, managed by the comptroller and the public service commission, will receive an initial appropriation of $250 million. The public service commission will oversee the fund, ensuring equitable distribution of loans across the state and prioritizing applications that demonstrate the greatest need.