S00521 Summary:

BILL NOS00521
 
SAME ASNo Same As
 
SPONSORLAVALLE
 
COSPNSRRITCHIE
 
MLTSPNSR
 
 
Relates to the liability of the state university of New York upon exiting operations at the Long Island college hospital.
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S00521 Actions:

BILL NOS00521
 
01/07/2015REFERRED TO HIGHER EDUCATION
01/06/2016REFERRED TO HIGHER EDUCATION
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S00521 Committee Votes:

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S00521 Floor Votes:

There are no votes for this bill in this legislative session.
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S00521 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           521
 
                               2015-2016 Regular Sessions
 
                    IN SENATE
 
                                       (Prefiled)
 
                                     January 7, 2015
                                       ___________
 
        Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Higher Education
 
        AN ACT in relation to the liability of the state university at New  York
          upon exiting operations at the Long Island College Hospital
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. 1. Notwithstanding the provisions of any law, rule or regu-
     2  lation to the contrary, the state university of New York, including  all
     3  of  the state university's constituent parts, upon exiting operations at
     4  the Long Island College Hospital (LICH), shall not  be  liable  for  any
     5  outstanding  financial obligations net of the proceeds received from the
     6  sale of such hospital, provided  such  proceeds  are  distributed  in  a
     7  manner  fully  consistent  with that of a settlement agreement providing
     8  for the exit of operations at the LICH.
     9    2. Any liabilities in excess of proceeds derived from the sale of  the
    10  LICH shall be considered a liability of the state. Liabilities in excess
    11  of such sale proceeds shall be paid out of the state general fund pursu-
    12  ant to appropriation.
    13    § 2. This act shall take effect immediately.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01202-01-5
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