New York A 10878: Relates to regulating commercial finance licensing

Bill Text

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A10878 Summary:

BILL NOA10878 

&nbsp

SAME ASSAME AS S08707-A

&nbsp

SPONSORCashman

&nbsp

COSPNSRLupardo, Kay, Ramos, Schiavoni, Cruz, Shrestha, DeStefano, Manktelow, Brown K, Maher

&nbsp

MLTSPNSR

&nbsp

Add Art 26-D §§440 - 445, Ag & Mkts L

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Establishes farm security resiliency grant awards for farm employers who have suffered eligible losses as a result of eligible weather conditions or events; establishes the farm security resiliency grant board to make recommendations to the commissioner of agriculture and markets regarding applications for farm security resiliency grant awards.

Go to top A10878 Actions:

BILL NOA10878 

&nbsp

04/08/2026referred to agriculture

Go to topA10878 Committee&nbspVotes:

Go to topA10878 Floor&nbspVotes:

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

Go to topA10878 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10878

 IN ASSEMBLY

 April 8, 2026
 ___________

 Introduced by M. of A. CASHMAN -- read once and referred to the Commit-
 tee on Agriculture

 AN ACT to amend the agriculture and markets law, in relation to estab-
 lishing farm security resiliency grant awards for farm employers who
 have suffered eligible losses as a result of eligible weather condi-
 tions or events

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

 1 Section 1. The agriculture and markets law is amended by adding a new
 2 article 26-D to read as follows:
 3 ARTICLE 26-D
 4 FARM SECURITY RESILIENCY GRANT AWARDS
 5 Section 440. Definitions.
 6 441. Farm security resiliency grant board.
 7 442. Powers and duties of the board.
 8 443. Application process.
 9 444. Grant awards.
 10 445. Reporting.
 11 § 440. Definitions. For purposes of this article, the following terms
 12 shall have the following meanings:
 13 1. "Farm security resiliency grant board", or "board", shall mean the
 14 farm security resiliency grant board established pursuant to section
 15 four hundred forty-one of this article.
 16 2. "Eligible weather condition" shall mean any of the following weath-
 17 er conditions:
 18 (a) high winds;
 19 (b) excessive moisture or precipitation, including hail, flooding, or
 20 excessive snowfall;
 21 (c) prolonged lack of precipitation, including drought;
 22 (d) extreme temperatures including heat or freeze conditions;
 23 (e) widespread fire; or
 24 (f) any other severe weather or growing condition determined by the
 25 board to substantially impact agricultural income.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14055-03-6

 A. 10878 2

 1 3. "Eligible losses" shall mean income lost or costs incurred as a
 2 result of eligible weather conditions, including:
 3 (a) lost wages or other compensation;
 4 (b) lost income from destroyed crops, livestock, or other agricultural
 5 products;
 6 (c) debt payment or other ongoing costs;
 7 (d) costs of replanting;
 8 (e) costs of replacing livestock feed;
 9 (f) infrastructure or equipment repair or replacement costs;
 10 (g) farm road or access road repair costs;
 11 (h) other losses as determined by the commissioner in consultation
 12 with the review board.
 13 4. "Farm employer" shall mean a corporation, including a New York S
 14 corporation, a sole proprietorship, a limited liability company, or a
 15 partnership whose principal business is farming activity.
 16 § 441. Farm security resiliency grant board. 1. There shall be estab-
 17 lished within the department the farm security resiliency grant board
 18 for purposes of advising the commissioner regarding the program estab-
 19 lished pursuant to this article.
 20 2. The board shall consist of seven members selected for their experi-
 21 ence and expertise related to areas of board responsibility and
 22 comprised of diverse members of the agriculture industry, including:
 23 (a) the commissioner or the commissioner's designee;
 24 (b) the commissioner of the division of homeland security and emergen-
 25 cy services or such commissioner's designee;
 26 (c) three representatives of agricultural organizations with demon-
 27 strated experience offering technical assistance to or advocacy on
 28 behalf of farmers, to be appointed by the com