Extends the period of probable usefulness of broadband and related telecommunications infrastructure

This bill changes the timeframe for municipal broadband infrastructure projects under New York's financing rules. It extends the "period of probable usefulness" from 10 to 30 years for broadband and telecommunications infrastructure acquired, constructed, or replaced under specific local government laws. This adjustment directly affects municipalities and local governments that build or upgrade broadband networks, allowing them to recoup investments over a longer period. The change modifies existing financing provisions without altering project requirements or costs.