This bill authorizes the Kansas Department of Transportation (KDOT) to establish a statewide fiber optic system aimed at enhancing broadband connectivity. It creates the Kansas broadband revolving fund to manage the financial aspects of this initiative, including the receipt and disbursement of funds. The bill empowers the secretary of transportation to plan, construct, and maintain the fiber optic system, enter into agreements with various entities for equipment installation, and set fees to recover costs associated with the system's administration and maintenance. Additionally, the secretary is required to submit an annual report to the legislature detailing the system's progress, costs, and agreements with other entities.

To finance the system, the bill allows the secretary to collaborate with the Kansas Development Finance Authority to issue revenue bonds, exempting these from certain existing restrictions. The Kansas broadband revolving fund will consist of fees, legislative appropriations, bond proceeds, and contributions from public or private entities. The bill also mandates the secretary to provide a comprehensive report each year, which will include information on the system's construction, costs, and future projects, ensuring transparency and accountability in the management of the fiber optic system.