Bill > A00993

This bill creates a new Concentrated Animal Feeding Operation (CAFO) Environmental Compliance Revolving Loan Program to provide financial assistance to farm operators for developing and implementing certified nutrient management plans. The program will be administered by a state corporation that can enter into loan agreements with lenders (such as banks and credit institutions) to help farm operators finance projects related to environmental compliance. The bill defines key terms like "farm operator" (someone who owns and operates a farm) and "project" (which includes architectural services, plans, pollution assessments, and construction expenses needed to implement nutrient management plans). The corporation can extend credit to farm operators, issue bonds to finance the program, and will have the discretion to approve or deny loan applications. The program is designed to be financially separate from the corporation's other operations, with special limited obligations that are payable only through revenues from the specific loan program. The corporation must develop regulations in consultation with the Commissioner of Agriculture and Markets, and will work to promote the program and evaluate farm operator eligibility. The bill amends existing public authorities law to enable this new loan program, with the program set to take effect 120 days after becoming law.

Agriculture and Natural Resources

https://www.nysenate.gov/legislation/bills/2025/A993