HB16-1184

HB16-1184 - HCSM Fund Transfers To Broadband Fund

Passed/Signed into Law
Concerning The Administration Of Money That Is Required Under Existing Law To Be Transferred From The High Cost Support Mechanism To The Broadband Fund.

Joint Budget Committee. The public utilities commission provides financial assistance to telecommunications companies that provide basic telephone service or broadband service in areas that lack effective competition by assessing a surcharge on all telecommunications companies in the state and allocating those contributions to the high cost support mechanism (HCSM). A portion of the HCSM is transferred to the broadband fund, which fund is administered by the broadband deployment board (board). The board awards grants for projects aimed at deploying broadband service in unserved areas of the state. From 2016 to 2023, the HCSM surcharge is statutorily reduced by a percentage of the amount of contributions that were allocated to the broadband fund in the previous year.

The bill requires that HCSM funds allocated to the broadband fund be transferred on July 1 of each year and that HCSM money in the broadband fund be continuously appropriated.

House Committees

Senate Committees

Latest update: April 12, 2016
04/12/2016 Governor Signed
04/05/2016 Sent to the Governor
04/04/2016 Signed by the Speaker of the House
04/04/2016 Signed by the President of the Senate
03/28/2016 House Considered Senate Amendments - Result was to Concur - Repass
03/24/2016 Senate Third Reading Passed - No Amendments
03/22/2016 Senate Second Reading Passed with Amendments - Committee
03/18/2016 Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole
03/11/2016 Introduced In Senate - Assigned to Appropriations
03/08/2016 House Third Reading Passed - No Amendments
03/07/2016 House Second Reading Passed - No Amendments
03/04/2016 House Committee on Appropriations Refer Unamended to House Committee of the Whole
02/03/2016 Introduced In House - Assigned to Appropriations