Sec. 4. As used in this chapter, "qualified broadband provider" means any company, firm, corporation, partnership, or association that, at the time of submission of a grant application under this chapter: (1) either: (A) has been providing broadband service to at least one hundred (100) residences and businesses in Indiana for at least three (3) consecutive years; or (B) is:
(i) a corporation organized under IC 8-1-13; or (ii) a corporation organized under IC 23-17 that is an electric cooperative and that has at least one (1) member that is a corporation organized under IC 8-1-13; that provides or will provide, alone or in conjunction with one (1) or more other legal entities, broadband service within the corporation's electric service territory; and (2) has demonstrated, to the satisfaction of the office: (A) financial; (B) technical; and (C) operational; capability in building and operating a broadband network. As added by P.L.177-2018, SEC.5.