(1) This act shall be known and may be cited as the "Michigan telecommunications act".

    (2) The purpose of this act is to do all of the following:

    (a) Ensure that every person has access to just, reasonable, and affordable basic residential telecommunication service.

    (b) Allow and encourage competition to determine the availability, prices, terms, and other conditions of providing telecommunication services.

    (c) Encourage the introduction of new services, the entry of new providers, the development of new technologies, and increase investment in the telecommunication infrastructure in this state through incentives to providers to offer the most efficient services and products.

    (d) Improve the opportunities for economic development and the delivery of essential services including education and health care.

    (e) Encourage the use of existing educational telecommunication networks and networks established by other commercial providers as building blocks for a cooperative and efficient statewide educational telecommunication system.

    (f) Ensure effective and timely review and disposition of disputes between telecommunication providers.

    (g) Authorize actions to encourage the development of a competitive telecommunication industry.