Shown verbatim: the complete text as captured from the official source posted by the New York State Senate, fetched 2026-08-11. Nothing is edited or removed. Where this bill amends existing law, language marked for deletion in the official source appears here in brackets. The official bill page.
S T A T E O F N E W Y O R K
________________________________________________________________________
8420
2025-2026 Regular Sessions
I N A S S E M B L Y
May 15, 2025
___________
Introduced by M. of A. RAMOS -- (at request of the Department of Agri-
culture and Markets) -- read once and referred to the Committee on
Agriculture
AN ACT to amend the agriculture and markets law, in relation to the
suspension of collection of the produce security fund
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (f) of subdivision 1 of section 250 of the agri-
culture and markets law, as amended by chapter 288 of the laws of 1999,
is amended to read as follows:
(f) (I) At any time the fund exceeds [four] SIX million dollars on the
one hundred twentieth day prior to the commencement of the next license
year, the commissioner shall suspend collection of the security fund
fee, unless [he or she] SUCH COMMISSIONER has reason to believe that
pending claims may reduce the fund below that amount.
(II) IN THE EVENT THAT THE FUND EXCEEDS SIX MILLION DOLLARS ON THE ONE
HUNDRED TWENTIETH DAY PRIOR TO THE COMMENCEMENT OF THE NEXT YEAR, BUT
WHEN ADJUSTED FOR THE RATE OF INFLATION, THE SECURITY FUND DOES NOT
PROVIDE THE SAME LEVEL OF PROTECTION TO THE PRODUCERS AS PROVIDED FOR BY
SUBPARAGRAPH (I) OF THIS PARAGRAPH, THE COMMISSIONER SHALL CONTINUE THE
COLLECTION OF SECURITY FUND FEES FOR SUCH YEAR.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09943-01-5Every fact on this page links to its source, starting with the official bill record.