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NY S08243
Bill
Status
5/27/2025
Primary Sponsor
Michelle Hinchey
Click for details
AI Summary
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Raises the threshold for suspending produce security fund fee collection from $4 million to $6 million, triggered when the fund exceeds that amount 120 days before the next license year begins
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Authorizes the commissioner to continue collecting fees despite the fund exceeding $6 million if pending claims may reduce it below that threshold
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Adds new provision requiring continued fee collection if, when adjusted for inflation, the fund would not provide the same level of protection to producers as originally intended
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Updates gendered language in the statute from "he or she" to "such commissioner"
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Takes effect immediately upon enactment
Legislative Description
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.
Last Action
SUBSTITUTED BY A8420
6/10/2025