Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to agriculture |
Mar 18, 2009 |
committee discharged and committed to agriculture |
Feb 19, 2009 |
referred to finance |
Senate Bill S2423
2009-2010 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Agriculture Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-S2423 (ACTIVE) - Details
- Current Committee:
- Senate Agriculture
- Law Section:
- Appropriations
- Laws Affected:
- Add §298, Ag & Mkts L; add §99-r, St Fin L
- Versions Introduced in 2011-2012 Legislative Session:
-
S780
2009-S2423 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2423 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 * purchase of land, building, machinery and equipment which is directly related to business operations, and/or * 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 agri-businesses and agricultural producers to: * upgrade and/or acquire new or used machinery and equipment directly related to business operations, including associated engineering and installation expenses;
2009-S2423 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2423 2009-2010 Regular Sessions I N S E N A T E February 19, 2009 ___________ 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-R 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. B. "AGRICULTURAL ENTERPRISE" MEANS A BUSINESS ENTITY ENGAGED IN: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07601-01-9
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.