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

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