Passed One ChamberFiled Jan 23, 2026
Sponsor: DELA CRUZ
Latest Action
Conference committee meeting to reconvene on 05-01-26 11:45 AM; Conference Room 411.
May 1, 2026
Summary
The bill requires any rent, lease, or license of land owned by the Agribusiness Development Corporation to be charged at least its appraised market value. An exemption permits lower payments when the tenant grows fresh local agricultural products for the Department of Education or is a partner in the Food and Product Innovation Network. The goal is to protect the corporation’s revenue while encouraging local food production for schools.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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