SF1753 (Legislative Session 94 (2025-2026))

Agriculture best management practices loan program transferal

Related bill: HF1920

AI Generated Summary

This bill proposes transferring funds to support the Agriculture Best Management Practices (Ag BMP) Loan Program in Minnesota. Specifically, it allocates $1,425,000 from the general fund to the agricultural and environmental revolving loan account in both fiscal years 2026 and 2027. The funds will be used to provide low-interest or no-interest loans aimed at encouraging best management practices in agriculture. Additionally, the bill establishes a recurring annual transfer of $1,425,000 starting in fiscal year 2028 and ongoing thereafter.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 23, 2025HouseFloorActionIntroduction and first reading
February 23, 2025SenateFloorActionIntroduction and first reading
February 23, 2025HouseFloorActionReferred toAgriculture, Veterans, Broadband, and Rural Development
February 23, 2025SenateFloorActionReferred toAgriculture, Veterans, Broadband, and Rural Development

Citations

 
[
  {
    "analysis": {
      "added": [
        "Funding transferred from the general fund to support low-interest or no-interest loans."
      ],
      "removed": [
        ""
      ],
      "summary": "This bill provides funding to the agriculture best management practices loan program under section 17.117.",
      "modified": [
        ""
      ]
    },
    "citation": "17.117",
    "subdivision": "subdivision 5a"
  },
  {
    "analysis": {
      "added": [
        "Establishes baseline funding for fiscal year 2028 and subsequent years."
      ],
      "removed": [
        ""
      ],
      "summary": "This bill further supports the agriculture best management practices loan program under section 17.117.",
      "modified": [
        ""
      ]
    },
    "citation": "17.117",
    "subdivision": ""
  }
]