senate Bill S5715

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 Senate Committee Finance 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 (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 03, 2020 reported and committed to finance
Jan 08, 2020 referred to higher education
returned to senate
died in assembly
Jun 13, 2019 referred to higher education
delivered to assembly
passed senate
Jun 11, 2019 ordered to third reading cal.1258
committee discharged and committed to rules
May 21, 2019 reported and committed to finance
May 13, 2019 referred to higher education

Votes

view votes

Mar 3, 2020 - Higher Education committee Vote

S5715
11
0
committee
11
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Higher Education committee vote details

Higher Education Committee Vote: Mar 3, 2020

Jun 11, 2019 - Rules committee Vote

S5715
19
0
committee
19
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

May 21, 2019 - Higher Education committee Vote

S5715
10
0
committee
10
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Higher Education committee vote details

Higher Education Committee Vote: May 21, 2019

aye wr (1)

Co-Sponsors

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S5715 (ACTIVE) - Details

See Assembly Version of this Bill:
A8101
Current Committee:
Senate Finance
Law Section:
Education Law
Laws Affected:
Amd §679-f, Ed L

S5715 (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.

S5715 (ACTIVE) - Sponsor Memo

S5715 (ACTIVE) - Bill Text download pdf


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

                                  5715

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              May 13, 2019
                               ___________

Introduced  by  Sen. METZGER -- read twice and ordered printed, and when
  printed to be committed to the Committee 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.

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