FARM PRODUCE INSURANCE ACT S.B. 508:

SUMMARY AS PASSED BY THE SENATE

 

 

 

 

 

 

 

 

 

 

Senate Bill 508 (as passed by the Senate)

Sponsor: Senator Kevin Hertel

Committee: Committee of the Whole

 

Date Completed: 9-27-23

 


CONTENT

 

The bill would amend Section 7 of the Farm Produce Insurance Act to specify the per diem compensation for the eight voting members of the Farm Produce Insurance Authority Board. The bill would limit the reimbursement amount established by the board to $75 for per diem compensation and milage reimbursement. Currently, the Act limits the per diem amount to the maximum reimbursement rates for the Michigan Commission of Agriculture and Rural Development, which is $0.

 

MCL 285.317

 

FISCAL IMPACT

 

The bill would have a minimal fiscal impact, likely no more than $1,500, on the Michigan Department of Agriculture and Rural Development's operations.

 

Fiscal Analyst: Bruce R. Baker

 

 

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.