An Act To Allow Municipalities That Have Financed Fiber-Optic Broadband Infrastructure To Use Loans Or Grants To Repay Associated Debt

This bill allows Maine towns and cities that built their own fiber-optic broadband networks to use new loans or grants from the Municipal Gigabit Broadband Network Access Fund to repay the debt from that construction. It specifically permits the Maine Connectivity Authority to provide direct loans or grants to municipal entities (including groups of towns working together) for this purpose. The law requires the authority to permit using grant funds for debt repayment related to municipally owned broadband infrastructure, unless federal rules prohibit it. This applies only to networks already built by local governments.