Bill
HB 6220
Overview: HB 6220, Agriculture: other; farm produce insurance fund; increase allocation for administrative expenses, was electronically reproduced on December 4, 2024.Purpose and I
Overview: HB 6220, Agriculture: other; farm produce insurance fund; increase allocation for administrative expenses, was electronically reproduced on December 4, 2024.
Purpose and Intent: The bill seeks to increase the amount of funding that can be allocated for administrative expenses related to the state's Farm Produce Insurance Fund, which provides protection for farmers in the event of a buyer default.
Key Provisions:
- Amends the existing law to increase the maximum percentage of the Fund's annual revenue that can be used for administrative expenses from 10% to 15%
- Allows the Fund's board of directors more flexibility in allocating resources for program administration and oversight
Affected Parties and Impacts: The bill will directly impact the Farm Produce Insurance Fund and the farmers who participate in the program. The increased administrative funding may improve the program's efficiency and responsiveness, but could also reduce the overall resources available for claims payments.
Procedural and Timeline Considerations: The bill has been electronically reproduced and is in the early stages of the legislative process.
Compiled from official sources — confirm details with the bill’s official record.
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