New York A08420 amends the agriculture and markets law to suspend the produce security fund fee if the fund exceeds six million dollars 120 days.

New York A08420 amends the agriculture and markets law to modify the conditions under which the commissioner of agriculture and markets suspends the collection of the produce security fund fee. Specifically, the commissioner must suspend the fee if the fund exceeds six million dollars on the 120th day prior to the next licensing year. The commissioner may continue collecting the fee if pending claims might reduce the fund below the required amount. The act takes effect immediately upon signing.

New York A08420 amends the agriculture and markets law to suspend the produce security fund fee if the fund exceeds six million dollars 120 days.

New York A08420 amends the agriculture and markets law to modify the conditions under which the commissioner of agriculture and markets suspends the collection of the produce security fund fee. Specifically, the commissioner must suspend the fee if the fund exceeds six million dollars on the 120th day prior to the next licensing year. The commissioner may continue collecting the fee if pending claims might reduce the fund below the required amount. The act takes effect immediately upon signing.