Bill Summaries: H718 (2023-2024 Session)

Tracking:
  • Bill H 718 (2023-2024)
    Summary date: Apr 18 2023 - View summary

    Appropriates $5,150,000 for 2023-24 from the General Fund to the Department of Agriculture and Consumer Services (Department) for grants to farmers and farming entities with invoices for sales of crops or livestock, or both, to N.G. Purvis Farms, Inc. (Purvis), that remain unpaid because of Purvis filing for bankruptcy. Limits the amount of the grants to the amount of the unpaid invoice minus other remuneration received to discharge the unpaid invoice. Requires the development of an application process and criteria for determining grant amounts within three months of the act's effective date. Requires applicants to submit an application and supporting documentation by January 1, 2024. Allows the Department to retain 3% of the funds for administrative costs. Remaining funds after the awarding of grants revert to the General Fund. Requires the Department to report to the specified NCGA committee and division by April 1, 2024. Effective July 1, 2023.
    Agriculture, Government, Budget/Appropriations, State Agencies, Department of Agriculture and Consumer Services
    APPROP

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