|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to finance|
|Jan 05, 2011||referred to finance|
senate Bill S780
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S780 - Details
- Law Section:
- Laws Affected:
- Add §298, Ag & Mkts L; add §99-u, St Fin L
- Versions Introduced in 2009-2010 Legislative Session:
S780 - Sponsor Memo
BILL NUMBER:S780 TITLE OF BILL: An act to amend the agriculture and markets law and the state finance law, in relation to establishing the AgJobs NY program; and making an appropriation therefor PURPOSE: To establish the AgJobs program to promote the creation and retention of jobs in New York via low interest loan financing for: * the purchase of land, building, machinery and equipment which is directly related to business operations, and/or * the purchase of services or consumable goods necessary to produce an agricultural commodity. SUMMARY OF PROVISIONS: Agriculture and Markets Law and the State Finance Law is amended to create a low-interest revolving loan program of $50 million for agribusinesses and agricultural producers to:
S780 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 780 2011-2012 Regular Sessions I N S E N A T E (PREFILED) January 5, 2011 ___________ Introduced by Sen. YOUNG -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the agriculture and markets law and the state finance law, in relation to establishing the AgJobs NY program; and making an appropriation therefor THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The agriculture and markets law is amended by adding a new section 298 to read as follows: S 298. AGJOBS NY PROGRAM. 1. THERE IS HEREBY ESTABLISHED, IN THE DEPARTMENT, THE AGJOBS NY PROGRAM WHICH SHALL BE AN AGRICULTURE REVOLV- ING LOAN PROGRAM. THE PURPOSE OF THE PROGRAM SHALL BE TO STIMULATE THE EXPANSION AND ASSIST IN THE RETENTION OF AGRIBUSINESS IN THE STATE IN ORDER TO CREATE NEW JOBS AND RETAIN EXISTING JOBS THROUGH THE PROVISION OF LOW INTEREST FINANCING COSTS DIRECTLY RELATED TO AGRIBUSINESS OPER- ATIONS. THE PROGRAM SHALL PROVIDE LOW INTEREST LOANS FROM THE MONIES IN THE AGJOBS NY REVOLVING LOAN FUND, ESTABLISHED PURSUANT TO SECTION NINE- TY-NINE-U OF THE STATE FINANCE LAW, TO AGRICULTURAL PRODUCERS AND AGRI- CULTURAL ENTERPRISES: A. TO ACQUIRE AND INSTALL NEW OR USED MACHINERY AND EQUIPMENT, OR UPGRADE EXISTING MACHINERY AND EQUIPMENT, AND PAY RELATED ENGINEERING AND INSTALLATION COSTS DIRECTLY RELATED TO BUSINESS OPERATIONS; B. TO ACQUIRE A NEW OR EXISTING FACILITY DIRECTLY RELATED TO BUSINESS OPERATIONS; OR C. FOR OPERATIONAL COSTS, INCLUDING, BUT NOT LIMITED TO, SERVICES OR CONSUMABLE GOODS, NECESSARY TO PRODUCE AN AGRICULTURAL COMMODITY. 2. FOR THE PURPOSES OF THIS SECTION: A. "AGRICULTURAL COMMODITY" SHALL HAVE THE SAME MEANING AS IS ASCRIBED TO SUCH TERM PURSUANT TO SUBDIVISION ONE OF SECTION TWO HUNDRED NINETY- THREE OF THIS CHAPTER. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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