HB 24-1234

House Bill 24-1234, which has been approved by the governor and will take effect on August 7, 2024, ensures ongoing support for rural telecommunications providers in Colorado. It does this by continuing a funding mechanism that helps these providers offer services in areas where it would otherwise be too costly. The bill also adjusts how fees are calculated for certain utility funds managed by the Public Utilities Commission. This means that rural phone and internet service companies will continue to receive financial support, helping them maintain and expand their services in less populated areas.

Official Summary

The act implements the recommendations of the department of regulatory agencies in its sunset review and report on the high cost support mechanism, established by the public utilities commission to support telecommunications service access, by continuing the high cost support mechanism indefinitely and continuing funding for rural telecommunications providers from the high cost support mechanism indefinitely. The act modifies the computation of fees for the public utilities commission fixed utility fund and the telecommunications utility fund. APPROVED by Governor May 28, 2024 EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)

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