New York S 8243: Relates to the produce security fund

Bill Text

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 Speaker Carl E. Heastie

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S08243 Summary:

BILL NOS08243 

&nbsp

SAME ASSAME AS A08420

&nbsp

SPONSORHINCHEY

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd 250, Ag & Mkts L

&nbsp

Provides that any time the produce security fund exceeds six million dollars on the one hundred twentieth day prior to the commencement of the next licensing year, the commissioner of agriculture and markets shall suspend the collection of the security fund fee; makes related provisions.

Go to top S08243 Actions:

BILL NOS08243 

&nbsp

05/27/2025REFERRED TO AGRICULTURE

06/10/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/10/2025ORDERED TO THIRD READING CAL.1787

06/10/2025SUBSTITUTED BY A8420

&nbspA08420 AMEND= Ramos

&nbsp05/15/2025referred to agriculture

&nbsp05/20/2025reported referred to ways and means

&nbsp06/04/2025reported referred to rules

&nbsp06/06/2025reported 

&nbsp06/06/2025rules report cal.469

&nbsp06/06/2025ordered to third reading rules cal.469

&nbsp06/06/2025passed assembly

&nbsp06/06/2025delivered to senate

&nbsp06/06/2025REFERRED TO RULES

&nbsp06/10/2025SUBSTITUTED FOR S8243

&nbsp06/10/20253RD READING CAL.1787

&nbsp06/10/2025PASSED SENATE

&nbsp06/10/2025RETURNED TO ASSEMBLY

&nbsp10/09/2025delivered to governor

&nbsp10/16/2025signed chap.460

Go to topS08243 Committee&nbspVotes:

Go to topS08243 Floor&nbspVotes:

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

Go to topS08243 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8243

 2025-2026 Regular Sessions

 IN SENATE

 May 27, 2025
 ___________

 Introduced by Sen. HINCHEY -- (at request of the Department of Agricul-
 ture and Markets) -- read twice and ordered printed, and when printed
 to be committed to the Committee on Agriculture

 AN ACT to amend the agriculture and markets law, in relation to the
 suspension of collection of the produce security fund

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

 1 Section 1. Paragraph (f) of subdivision 1 of section 250 of the agri-
 2 culture and markets law, as amended by chapter 288 of the laws of 1999,
 3 is amended to read as follows:
 4 (f) (i) At any time the fund exceeds [four] six million dollars on the
 5 one hundred twentieth day prior to the commencement of the next license
 6 year, the commissioner shall suspend collection of the security fund
 7 fee, unless [he or she] such commissioner has reason to believe that
 8 pending claims may reduce the fund below that amount.
 9 (ii) In the event that the fund exceeds six million dollars on the one
 10 hundred twentieth day prior to the commencement of the next year, but
 11 when adjusted for the rate of inflation, the security fund does not
 12 provide the same level of protection to the producers as provided for by
 13 subparagraph (i) of this paragraph, the commissioner shall continue the
 14 collection of security fund fees for such year.
 15 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09943-01-5

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