S. 2866 · 116th Congress
Rural Broadband Financial Flexibility Act
- Stage
- In committee
- Sponsor
- Shelley Capito
- Introduced
- 2019-11-14
- Latest action
- 2019-11-14 · Introduced in Senate
Summary
Rural Broadband Financial Flexibility Act
This bill allows the use of tax-exempt private activity bonds to finance qualified broadband projects. A qualified broadband project is any project that is designed solely to provide broadband service to one or more rural areas in which more than 50% of residential households do not have access to adequate broadband service. The bill also allows direct payments to issuers of broadband infrastructure bonds for 35% of the interest payable under such bonds.