Bill Text: NY A02417 | 2015-2016 | General Assembly | Amended

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Bill Title: Relates to creating a farm investment fund.

Spectrum: Bipartisan Bill

Status: (Vetoed) 2016-11-28 - tabled [A02417 Detail]

Download: New_York-2015-A02417-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         2417--C
                                                                Cal. No. 112
                               2015-2016 Regular Sessions
                   IN ASSEMBLY
                                    January 16, 2015
                                       ___________
        Introduced  by M. of A. SANTABARBARA, ORTIZ, MONTESANO, CROUCH, SKOUFIS,
          BLANKENBUSH,  DUPREY,  COOK,  PALMESANO,  HOOPER,  GOODELL,  NOJAY  --
          Multi-Sponsored  by  -- M. of A. BARCLAY, BLAKE, BRENNAN, LOPEZ, LUPI-
          NACCI, MARKEY, McLAUGHLIN -- read once and referred to  the  Committee
          on  Agriculture  -- reported and referred to the Committee on Ways and
          Means -- committee discharged,  bill  amended,  ordered  reprinted  as
          amended  and recommitted to said committee -- again reported from said
          committee with amendments, ordered reprinted as amended and  recommit-
          ted  to  said  committee  --  advanced to a third reading, amended and
          ordered reprinted, retaining its place on the order of third reading
        AN ACT to amend the agriculture and markets law and the New  York  state
          urban  development  corporation  act,  in  relation to creating a farm
          investment fund
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. Section 16 of the agriculture and markets law is amended by
     2  adding a new subdivision 49 to read as follows:
     3    49. Cooperate with the empire state development corporation to develop
     4  a  farm  investment  fund  program  to provide grants to farmers for the
     5  purposes of making investments in their farm and farm practices, includ-
     6  ing, but not limited to, infrastructure, equipment and marketing of farm
     7  products. Such investments may also include updating and improving agri-
     8  cultural environmental management, as defined  in  article  eleven-A  of
     9  this  chapter,  practices, equipment and infrastructure. Farm investment
    10  is especially important for farms that are being transitioned from long-
    11  time owners to new owners and beginning farmers.
    12    § 2. Section 1 of chapter 174 of the laws of  1968,  constituting  the
    13  New York state urban development corporation act, is amended by adding a
    14  new section 16-x to read as follows:
    15    §  16-x.  Farm  investment fund. 1. The farm investment fund is hereby
    16  created. The purpose of the farm investment fund is to  make  grants  to
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01493-11-6