Section 118

Section 118 Municipal Broadband Debt

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 federal Connect America Fund Phase II Auction 903 administered by the Federal Communications Commission that has 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 the temporary loan being paid in part from revenue funds of the municipality.