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

The bill, known as the "municipal broadband financing modernization improvement act of 2026," amends the local finance law to extend the period of probable usefulness of broadband and related telecommunications infrastructure to thirty years. This change affects the assessment of such infrastructure for local finance purposes, potentially impacting municipal budgets and financial planning. The act takes effect immediately upon enactment.

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

The bill, known as the "municipal broadband financing modernization improvement act of 2026," amends the local finance law to extend the period of probable usefulness of broadband and related telecommunications infrastructure to thirty years. This change affects the assessment of such infrastructure for local finance purposes, potentially impacting municipal budgets and financial planning. The act takes effect immediately upon enactment.