New York A 993: Creates the concentrated animal feeding operation environmental compliance revolving loan program

Bill Text

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A00993 Summary:

BILL NOA00993 

&nbsp

SAME ASNo Same As

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SPONSORAngelino

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COSPNSRLemondes, Manktelow, McDonough, Morinello

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MLTSPNSR

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Add §1285-v, amd §1290, Pub Auth L

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Creates the concentrated animal feeding operation environmental compliance revolving loan program.

Go to top A00993 Actions:

BILL NOA00993 

&nbsp

01/08/2025referred to agriculture

01/07/2026referred to agriculture

Go to topA00993 Committee&nbspVotes:

Go to topA00993 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA00993 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 993

 2025-2026 Regular Sessions

 IN ASSEMBLY

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by M. of A. ANGELINO, LEMONDES, MANKTELOW, McDONOUGH, MORI-
 NELLO -- read once and referred to the Committee on Agriculture

 AN ACT to amend the public authorities law, in relation to creating the
 concentrated animal feeding operation environmental compliance revolv-
 ing loan program

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The public authorities law is amended by adding a new
 2 section 1285-v to read as follows:
 3 § 1285-v. Concentrated animal feeding operation environmental compli-
 4 ance revolving loan program. 1. Notwithstanding the provisions of any
 5 general or special law to the contrary, the corporation shall undertake
 6 to provide financial assistance to farm operators for the planning of
 7 certified nutrient management plans and the implementation of such plans
 8 as set forth in this section.
 9 2. For purposes of this section, and notwithstanding any provision of
 10 law to the contrary, as used in this section:
 11 (a) "Concentrated animal feeding operation" shall mean a farm opera-
 12 tion permitted pursuant to title seven or eight of article seventeen of
 13 the environmental conservation law.
 14 (b) "Farm operator" shall mean a person who engages in farming or
 15 desires to engage in farming and who is the owner of a farm operation,
 16 as defined in subdivision eleven of section three hundred one of the
 17 agriculture and markets law.
 18 (c) "Lender" shall mean any state or federally-chartered savings bank,
 19 savings and loan association, state or federally chartered savings banks
 20 and savings and loan associations, farm credit system institution, or
 21 state or federally chartered commercial banks or trust companies author-
 22 ized to do business in this state.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02678-01-5

 A. 993 2

 1 (d) "Project" shall mean the architectural and engineering services,
 2 plans and specifications, including watershed based or individual agri-
 3 cultural nonpoint source pollution assessments, consultant and legal
 4 services, construction, and other direct expenses related to implementa-
 5 tion of a farm operation's certified nutrient management plan.
 6 3. The corporation is hereby authorized to enter into any contract,
 7 financing or loan agreement, or other instrument in connection with a
 8 loan made by a lender to a farm operator for a project.
 9 4. In order to effectuate the purposes of this section, the corpo-
 10 ration may extend credit to or on behalf of a farm operator for the
 11 construction or acquisition of a project, or for the reimbursement for
 12 costs incurred by a farm operator in connection with a project, provided
 13 such farm operator has received a commitment to receive from a lender a
 14 loan or other financial assistance acceptable to the corporation. In the
 15 exercise of the powers granted in this section in connection with a
 16 project for a farm operator, the corporation may require the inclusion
 17 in any contract, loan agreement or other instrument of such provisions
 18 for the financing of such project and such other financial and other
 19 covenants as may apply to such farm operators as the corporation may
 20 deem desirable and/or appropriate and to do all things necessary to
 21 execute any instrument in connection and desirable with such financing.
 22 5. In connection with the issuance of any bond or note issued in
 23 connection w