Bills

SB 2595: ADC; Lease; License; Rental; DOE; Appraised Market Value Rate; Food and Product Innovation Network

  • Session Year: 2025-2026
  • House: Senate
  • Latest Version Date: 2026-03-24

Current Status:

Failed

(2026-05-01: Conference committee meeting to reconvene on 05-01-26 4:45 PM; Conference Room 411.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

What does this bill do?

The bill requires the Agribusiness Development Corporation to charge at least the appraised market value for leasing, licensing, or renting its land, unless the renter grows fresh local agricultural products bought by the Department of Education or is a partner member of the Food and Product Innovation Network. The appraised market value must be set by a qualified ADC appraiser or by an appraisal the prospective renter requests using standard professional appraisal practices.

The summary is provided by generative AI which can make mistakes. For original language, please view the details in the table below.

Version:

Requires payments to the Agribusiness Development Corporation for letting, licensing, or renting of its properties to be at appraised market value rates or higher, except where the lessees, licensees, and tenants grow, raise, and harvest fresh local agricultural products for the Department of Education or are partner members of the Food and Product Innovation Network.  Effective 7/1/3000.  (HD1)

Discussed in Hearing

Conference Committee 2MIN
May 1, 2026

Conference Committee

Conference Committee 29SEC
Apr 30, 2026

Conference Committee

Conference Committee 31SEC
Apr 29, 2026

Conference Committee

Conference Committee 2MIN
Apr 27, 2026

Conference Committee

House Standing Committee on Agriculture & Food Systems 2MIN
Mar 20, 2026

House Standing Committee on Agriculture & Food Systems

House Standing Committee on Agriculture & Food Systems 55SEC
Mar 20, 2026

House Standing Committee on Agriculture & Food Systems

Senate Standing Committee on Ways and Means 15SEC
Mar 2, 2026

Senate Standing Committee on Ways and Means

Senate Standing Committee on Agriculture and Environment 8MIN
Feb 13, 2026

Senate Standing Committee on Agriculture and Environment

View Older Hearings
Authors shown for version:
SB2595_HD1 (3/24/2026)

Bill Author