Amends existing law to provide for broadband service and to provide a certain exemption for a nonprofit corporation.

Cooperatives that distribute electric power and that provide telecommunications and broadband services to their members in rural Idaho are member-owned and member-managed in virtually all respects. They even set their own service rates and determine their own service standards without PUC oversight. Because they are member-owned and member-managed, in many states these cooperatives are specifically exempted from state unclaimed property laws. This legislation would allow these cooperatives in Idaho to decide for themselves how they wish to deal with their unclaimed capital credits and either be exempt from or subject to the State's unclaimed property laws as they choose.