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IL HB3992

IL HB3992
$AG-CROP INS REB INIT


summary

Introduced
02/25/2025
In Committee
02/26/2025
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Appropriates $6,100,000 from the General Revenue Fund to the Department of Agriculture for costs associated with the Crop Insurance Rebate Initiative to provide incentives for at least 1,000,000 acres of eligible land. Effective July 1, 2025.

AI Summary

This bill appropriates $6.1 million from the General Revenue Fund to the Illinois Department of Agriculture to fund the Crop Insurance Rebate Initiative, which is designed to provide financial incentives for agricultural landowners to participate in crop insurance programs. The funding is intended to encourage at least 1,000,000 acres of eligible agricultural land to be covered under the initiative. The bill specifically allocates funds to cover all associated costs of the program and will become effective on July 1, 2025, marking the start of the initiative's implementation. By providing this financial support, the state aims to help farmers mitigate risks associated with crop production and potentially stabilize agricultural economic conditions.

Sponsors (10)

Last Action

Added Chief Co-Sponsor Rep. Nabeela Syed (on 05/08/2025)

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