S03548 Summary:

Amd 22-c, St Fin L
Relates to five-year capital plans for the state university of New York and the city university of New York.
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S03548 Actions:

05/14/20191ST REPORT CAL.725
05/15/20192ND REPORT CAL.
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S03548 Committee Votes:

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S03548 Floor Votes:

There are no votes for this bill in this legislative session.
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S03548 Text:

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                    IN SENATE
                                    February 8, 2019
        Introduced by Sens. STAVISKY, LAVALLE -- read twice and ordered printed,
          and when printed to be committed to the Committee on Finance
        AN  ACT to amend the state finance law, in relation to five-year capital
          plans for the state university of New York and the city university  of
          New York

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 22-c of the state finance law is amended by  adding
     2  a new subdivision 7 to read as follows:
     3    7.  For  the fiscal year beginning on April first, two thousand twenty
     4  and every fifth fiscal year thereafter, the governor shall submit to the
     5  legislature as part of the annual executive  budget,  five-year  capital
     6  plans  for  the state university of New York state-operated campuses and
     7  city university of New York senior colleges.  Such plans  shall  provide
     8  for  the  annual  appropriation  of  capital  funds to cover one hundred
     9  percent of the annual critical  maintenance  needs  identified  by  each
    10  university system, and may include funds for new infrastructure or other
    11  major  capital  initiatives,  provided that such funding for new infras-
    12  tructure or other major capital  initiatives  shall  not  count  towards
    13  meeting the overall critical maintenance requirement.  In the event that
    14  such  plan is unable to fund one hundred percent of the critical mainte-
    15  nance needs due to the limitation imposed  by  article  five-B  of  this
    16  chapter,  the  director  of  the  budget shall develop five-year capital
    17  plans whereby the implementation of each  capital  plan  would  annually
    18  reduce  the  overall  facility condition index (FCI) for each university
    19  system. For the purposes of this subdivision, "facility condition index"
    20  shall mean an industry benchmark that measures  the  ratio  of  deferred
    21  maintenance dollars to replacement dollars for the purposes of analyzing
    22  the  effect of investing in facility improvements.  The apportionment of
    23  capital appropriations to each state-operated campus or  senior  college
    24  shall  be  based on a methodology to be developed by the director of the
    25  budget, in consultation with the state university of New York  and  city
    26  university of New York.
    27    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
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