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

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Archive: Last Bill Status - In Assembly 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

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2019-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
Versions Introduced in 2021-2022 Legislative Session:
A1539, S4082

2019-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.

2019-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.
              

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