Kentucky State Senate Passes Broadband Funding Bill
The bill aims to allocate $250 million in federal funds to broadband expansion and allow utility cooperatives to use up to 25 percent of their assets as collateral for broadband projects to underserved or unserved areas.
by James Mayse, Messenger-Inquirer
/
March 17, 2021
Senate on Tuesday afternoon.
House Bill 320 would allocate $250 million in federal funds to broadband expansion and allow utility cooperatives to use up to 25% of their assets as collateral for broadband projects to underserved or unserved areas. The bill defines "underserved" and "unserved" areas as places where download and upload speeds are below minimums.
"We know the value of broadband across the commonwealth, especially in the rural communities where it can impact property values" and access to education, Sen.