S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

                                         3575

                              2009-2010 Regular Sessions

                                   I N  S E N A T E

                                    March 24, 2009
                                      ___________

       Introduced  by  Sen. AUBERTINE -- (at request of the Department of Agri-
         culture and Markets) -- read  twice  and  ordered  printed,  and  when
         printed to be committed to the Committee on Agriculture

       AN ACT to amend the agriculture and markets law, in relation to producer
         security

         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section 1. Subdivision 3 of section 250 of the agriculture and markets
    2  law, as added by chapter 367 of the laws of 1996, is amended to read  as
    3  follows:
    4    3.  If  satisfied  from  an  investigation of the financial condition,
    5  character and record of the person applying for a license that (a)  such
    6  person  is  solvent  and  possessed  of  sufficient assets reasonably to
    7  assure compensation to producers of farm products;  and  (b)  the  gross
    8  volume  of farm products purchased from producers by said applicant will
    9  not exceed [fifty] ONE HUNDRED thousand dollars during the license year,
   10  the commissioner, in his or her discretion, may relieve  such  applicant
   11  from  the  provision  of  this section requiring the filing of a bond or
   12  letter of credit.
   13    S 2. This act shall take effect immediately, and shall apply to appli-
   14  cations received on or after such date.




        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08268-03-9