HB 23-1051

HB 23-1051 is a Colorado bill that extends financial support for rural telecommunications providers until September 1, 2024. This funding helps these companies cover the costs of providing services in areas where it's expensive to maintain infrastructure. The bill was signed by the governor and became effective on August 7, 2023, meaning the support is now available to help these rural providers continue their operations without interruption.

Official Summary

The high cost support mechanism provides high cost support funding to telecommunications and broadband service providers that provide service in high-cost areas of the state. The high cost support mechanism was scheduled to conclude on December 1, 2023. The act continues support funding from the high cost support mechanism to 12 rural telecommunications providers in Colorado until September 1, 2024. The date aligns with the department of regulatory agencies' 2023 sunset review of the high cost support mechanism and the final determination of the high cost support mechanism by the general assembly in 2024. APPROVED by Governor March 23, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)

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