Bill Text: TX HB2851 | 2023-2024 | 88th Legislature | Comm Sub
Bill Title: Relating to the composition of the board of directors of the Texas Agricultural Finance Authority and grant amounts under the young farmer grant program administered by the authority.
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Engrossed - Dead) 2023-05-24 - Removed from local & uncontested calendar [HB2851 Detail]
Download: Texas-2023-HB2851-Comm_Sub.html
| By: Burns, et al. (Senate Sponsor - Kolkhorst) | H.B. No. 2851 | |
| (In the Senate - Received from the House May 3, 2023; | ||
| May 5, 2023, read first time and referred to Committee on Water, | ||
| Agriculture & Rural Affairs; May 19, 2023, reported favorably by | ||
| the following vote: Yeas 9, Nays 0; May 19, 2023, sent to printer.) | ||
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| relating to the composition of the board of directors of the Texas | ||
| Agricultural Finance Authority and grant amounts under the young | ||
| farmer grant program administered by the authority. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 58.012(a), Agriculture Code, is amended | ||
| to read as follows: | ||
| (a) The authority is governed by a board of directors | ||
| composed of the commissioner of agriculture, a representative of | ||
| the College of Agriculture and Human Sciences [ |
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| A&M University selected by the dean of the college, a | ||
| representative of the College of Agriculture and Natural Resources | ||
| at Tarleton State University selected by the dean of the college, | ||
| and 10 [ |
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| the board must be appointed in the numbers specified and from the | ||
| following categories: | ||
| (1) one person who is an elected or appointed official | ||
| of a municipality or county; | ||
| (2) four persons who are knowledgeable about | ||
| agricultural lending practices; | ||
| (3) one person who is a representative of agricultural | ||
| businesses; | ||
| (4) one person who is a representative of agriculture | ||
| related entities, including rural chambers of commerce, | ||
| foundations, trade associations, institutions of higher education, | ||
| or other entities involved in agricultural matters; [ |
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| (5) two persons who represent young farmers and the | ||
| interests of young farmers; and | ||
| (6) one person who is knowledgeable about agricultural | ||
| practices and graduated with an agriculture degree from a state | ||
| institution of higher education within the past eight years. | ||
| SECTION 2. Section 58.093, Agriculture Code, is amended to | ||
| read as follows: | ||
| Sec. 58.093. AMOUNT OF GRANTS. A grant under the young | ||
| farmer grant program may not be less than $5,000 or more than | ||
| $35,000 [ |
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| SECTION 3. Section 58.093, Agriculture Code, as amended by | ||
| this Act, applies only to a grant issued on or after the effective | ||
| date of this Act. A grant issued before the effective date of this | ||
| Act is governed by the law in effect on the date the grant is issued, | ||
| and the former law is continued in effect for that purpose. | ||
| SECTION 4. The changes in law made by this Act in the | ||
| qualifications of appointed members of the board of directors of | ||
| the Texas Agricultural Finance Authority do not affect the | ||
| entitlement of an appointed member serving on the board immediately | ||
| before the effective date of this Act to continue to serve for the | ||
| remainder of the member's term. As the terms of board members | ||
| expire, the commissioner of agriculture shall appoint or reappoint | ||
| a member who has the qualifications required for a member under | ||
| Section 58.012(a), Agriculture Code, as amended by this Act. | ||
| SECTION 5. This Act takes effect September 1, 2023. | ||
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