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NY A07985
Bill
Status
Introduced
6/13/2013
Primary Sponsor
Kenneth Blankenbush
Click for details
AI Summary
- Establishes a revolving loan fund in Jefferson, Oswego, and St. Lawrence counties to provide farmers with low-interest loans for upgrading to three-phase power
- Loans shall not exceed 30 years in duration, with funding amounts subject to budgetary appropriation in each county
- Requires each county's Industrial Development Agency to promulgate rules and regulations establishing application processes, eligibility criteria, project priority standards, financial assistance amounts, and loan repayment terms
- County Industrial Development Agencies shall provide low-interest loans to farmers from their respective county three-phase power revolving loan funds
- Takes effect 180 days after becoming law, with agencies authorized to promulgate necessary implementing rules and regulations before the effective date
Legislative Description
Relates to a three phase power revolving loan program.
Last Action
held for consideration in ways and means
6/17/2014
Committee Referrals
Ways and Means6/13/2013
Full Bill Text
No bill text available