NY A05212

Establishes a revolving loan fund in Jefferson, Oswego, and St. Lawrence counties to provide low-interest loans to farmers for upgrading to three-phase electricity power.

Loan duration shall not exceed thirty years, with funding amounts subject to budgetary appropriation in each county.

Directs the Industrial Development Agency in each county to promulgate rules and regulations governing the loan program, including application processes, farmer eligibility criteria, project priority standards, and loan repayment terms.

County Industrial Development Agencies shall provide low-interest loans to farmers within available funds in each county's three-phase power revolving loan fund.

Takes effect 180 days after enactment, with rules and regulations required to be promulgated by the effective date.