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Senate Bill Would Improve Rural Broadband Investment


Senate Bill Would Improve Rural Broadband Investment
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The bipartisan legislation would give local and state governments new financing options for broadband projects.
Senate legislation introduced Tuesday would provide states, cities and towns new ways to finance rural broadband projects and new tools to ensure all Americans have access to broadband internet.
The Rural Broadband Financing Flexibility Act, introduced by Sens. Shelley Moore Capito, R-VW, and Maggie Hassan, D-NH, would permit state and local governments to issue tax-exempt bonds to finance broadband projects in partnership with the private sector.
The bill would also create a federal tax credit states and local governments could opt to direct toward rural broadband projects and ensure each state receives up to $25 million in bonding authority annually. ....

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Reintroduced Senate Bill May Boost Rural Broadband Investing


Reintroduced Senate Bill May Boost Rural Broadband Investing
The goal is to provide state and local governments options in financing broadband projects, including the issuance of tax-exempt bonds, public-private partnerships, federal tax credits and bond payment assistance.
May 19, 2021 • 
(TNS) Local and regional broadband projects may get a boost from Washington based on a bipartisan effort led by Sen. Shelley Moore Capito, R- W.Va.
Capito and Sen. Maggie Hassan, D- N.H., on Tuesday reintroduced the Rural Broadband Financing Flexibility Act, which would help states, cities,and towns spur investment in rural broadband projects.
The goal is to provide state and local governments options relating to financing broadband projects, including the issuance of tax-exempt bonds, public-private partnerships, federal tax credits and federal bond payment assistance. ....

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