Bill Text: TX HB2851 | 2023-2024 | 88th Legislature | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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-Engrossed.html
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-Engrossed.html
88R19826 KBB-D | ||
By: Burns, et al. | H.B. No. 2851 |
|
||
|
||
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 [ |
||
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 [ |
||
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; [ |
||
(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 [ |
||
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. |