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A09689 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
            S. 7133                                                  A. 9689
 
                SENATE - ASSEMBLY
 
                                     March 30, 2016
                                       ___________
 
        IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
          ed, and when printed to be committed to the Committee on Higher Educa-
          tion
 
        IN  ASSEMBLY  -- Introduced by M. of A. GLICK, BUCHWALD -- read once and
          referred to the Committee on Higher Education
 
        AN ACT to amend chapter 405 of the laws of 2011, relating to authorizing
          the lease of lands located at the state  university  of  New  York  at
          Purchase, in relation to extending the authorization for the length of
          leased  land; and in relation to removing prior approval for contracts
          or leases by the attorney general, director of budget and state  comp-
          troller
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 2 of chapter 405 of the laws of 2011,  relating  to
     2  authorizing  the  lease  of lands located at the state university of New
     3  York at Purchase, is amended to read as follows:
     4    § 2. The trustees of the state  university  of  New  York  are  hereby
     5  authorized to lease without any public bidding a portion of the lands of
     6  the state university of New York at Purchase generally described in this
     7  act  to  the  Purchase college advancement corporation, a not-for-profit
     8  corporation, upon such terms and conditions as the trustees deem  advis-
     9  able,  for  an initial term not to exceed [forty] seventy-five years [or
    10  for such time as may be necessary to  complete  repayment  of  any  debt
    11  related  to  the  projects described in this act, whichever is shorter].
    12  In the event that the real property which is the subject of  such  lease
    13  or  contract  shall  cease to be used for the purposes described in this
    14  act, said lease shall immediately terminate and the  real  property  and
    15  any  improvements  thereon  shall  revert to the state university of New
    16  York. Any contract or lease entered into  pursuant  to  this  act  shall
    17  provide  that  the  real  property which is the subject of such lease or
    18  contract and any improvements thereon shall revert to the state  univer-
    19  sity  of  New York upon the expiration of such lease. The description of
    20  the parcels to be leased pursuant to such section are not  meant  to  be
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14869-01-6

        S. 7133                             2                            A. 9689
 
     1  legal  descriptions,  but  are intended only to identify the parcels and
     2  improvements to be leased for purposes consistent with  the  mission  of
     3  the state university of New York at Purchase.
     4    § 2. Subdivision (a) of section 13 of chapter 405 of the Laws of 2011,
     5  relating  to authorizing the lease of lands located at the state univer-
     6  sity of New York at Purchase, is amended to read as follows:
     7    (a) [Any contracts or leases entered into by the state  university  of
     8  New  York  or  the  Purchase college advancement corporation pursuant to
     9  this act shall be subject to approval of the attorney general as to form
    10  as well as by the director of the budget and the state comptroller.] Any
    11  and all proceeds relating to the leases authorized by this act shall  be
    12  allocated by the board of trustees for Purchase college, state universi-
    13  ty  of  New  York, in the following manner:  seventy-five percent to the
    14  student financial aid for students who are eligible to receive a tuition
    15  assistance award or supplemental tuition assistance pursuant to  section
    16  667  or  667-a  of  the education law and twenty-five percent to support
    17  additional full-time faculty positions.
    18    § 3. This act shall take effect immediately.
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