assembly Bill A8101

2019-2020 Legislative Session

Relates to eligibility under the New York state young farmers loan forgiveness incentive program

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to higher education
Jun 03, 2019 referred to higher education

Co-Sponsors

A8101 (ACTIVE) - Details

See Senate Version of this Bill:
S5715
Current Committee:
Assembly Higher Education
Law Section:
Education Law
Laws Affected:
Amd §679-f, Ed L

A8101 (ACTIVE) - Summary

Relates to eligibility under the New York state young farmers loan forgiveness incentive program; expands program to farmers who have produced agricultural products for no more than ten years.

A8101 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  8101

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                              June 3, 2019
                               ___________

Introduced  by M. of A. LUPARDO -- read once and referred to the Commit-
  tee on Higher Education

AN ACT to amend the education law, in relation to eligibility and awards
  for the New  York  state  young  farmers  loan  forgiveness  incentive
  program

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 679-f of the education law, as added by  section  1
of  part  Y  of  chapter  56  of the laws of 2014, is amended to read as
follows:
  § 679-f. New York  state  young  farmers  loan  forgiveness  incentive
program.  1. Purpose. The president shall grant student loan forgiveness
awards for the purpose of alleviating the burden of  student  loan  debt
for  young farmers. Such awards shall be made on a competitive basis, in
accordance with rules and regulations promulgated by the corporation for
such purposes, to applicants who meet  the  eligibility  criteria.  Such
rules  and regulations shall include provisions for the consideration of
applicants who are economically disadvantaged.
  2. Eligibility. To be eligible for an award pursuant to this  section,
applicants  shall:  (a)  have  graduated  and  obtained a degree from an
approved New York state college or university; (b) have  an  outstanding
student  loan debt from obtaining such degree; (c) operate a farm in New
York state on a full-time basis; (d) agree to operate such farm for  the
duration  of no less than five years; (e) [apply for this program within
two years of college graduation] HAVE PRODUCED AN "AGRICULTURAL PRODUCT"
AS DEFINED BY SECTION THREE HUNDRED TWENTY-EIGHT OF THE AGRICULTURE  AND
MARKETS LAW, FOR NO MORE THAN TEN CONSECUTIVE YEARS; and (f) comply with
subdivisions  three  and  five  of section six hundred sixty-one of this
part.
  3. Awards. No greater than ten awards shall be  granted  to  qualified
applicants  in  the  amount  of up to ten thousand dollars per year, per

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.