S.F. No. 4495 Summary

• Increases total appropriation for agriculture, bioenergy, and bioproduct advancement from $59,303,000 to $60,110,000 for fiscal years 2022-2023, with General Fund increase from $58,904,000 to $59,711,000.

• Increases agricultural growth, research, and innovation program funding from $16,028,000 to $16,728,000 in fiscal year 2023 (second year).

• Increases grants for meat, poultry, egg, and milk processing facilities from $750,000 to $1,450,000 in fiscal year 2023 (second year), with individual grant awards capped at $200,000.

• Establishes base funding of $16,053,000 annually for fiscal years 2024-2025 for the agricultural growth, research, and innovation program, including incentive payments.

• Provides unencumbered balance carryover provisions allowing funds encumbered by June 30, 2023, to remain available through June 30, 2026 for agricultural growth and innovation grants.