New York S08243 amends the agriculture and markets law to suspend the produce security fund fee if the fund exceeds six million dollars 120 days.

New York S08243 amends the agriculture and markets law to change how the produce security fund fee is collected. Specifically, it requires the commissioner of agriculture and markets to suspend the collection of the security fund fee if the fund exceeds six million dollars on the 120th day before the next licensing year. The suspension can be avoided if the commissioner believes pending claims may reduce the fund below six million dollars. The act takes effect immediately upon signing.

New York S08243 amends the agriculture and markets law to suspend the produce security fund fee if the fund exceeds six million dollars 120 days.

New York S08243 amends the agriculture and markets law to change how the produce security fund fee is collected. Specifically, it requires the commissioner of agriculture and markets to suspend the collection of the security fund fee if the fund exceeds six million dollars on the 120th day before the next licensing year. The suspension can be avoided if the commissioner believes pending claims may reduce the fund below six million dollars. The act takes effect immediately upon signing.