Assembly Bill A3687

2009-2010 Legislative Session

Authorizes the lease of lands located at the state university of New York at Purchase for a senior learning community

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A3687 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Real Property
Versions Introduced in 2011-2012 Legislative Session:
A340

2009-A3687 (ACTIVE) - Summary

Authorizes the lease of lands located at the state university of New York at Purchase for a senior learning community.

2009-A3687 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3687

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 28, 2009
                               ___________

Introduced by M. of A. BRADLEY, SPANO, LUPARDO -- read once and referred
  to the Committee on Higher Education

AN  ACT  to authorize the lease of lands located at the state university
  of New York at Purchase

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Legislative  findings.  The  legislature  finds  that the
provision of a senior learning community upon the grounds of  the  state
university  of New York at Purchase is appropriate to further the objec-
tives and purposes of the state university of New York.  The legislature
further finds that granting the trustees of the state university of  New
York  the  authority  and  power to lease and otherwise contract to make
available grounds and facilities of the campus of the  state  university
of  New  York  at  Purchase  will ensure the availability of such senior
learning community, and also promote the effective use of  such  grounds
and facilities.
  S  2.  The  trustees  of  the  state university of New York are hereby
authorized to lease without any public bidding a portion of the lands of
the state university of New York at Purchase generally described in this
act to the Purchase college advancement  corporation,  a  not-for-profit
corporation,  upon such terms and conditions as the trustees deem advis-
able, for an initial term not to exceed thirty-five years  or  for  such
time  as  may  be necessary to complete repayment of any debt related to
the projects described in this act, whichever is shorter.  In the  event
that  the  real  property which is the subject of such lease or contract
shall cease to be used for the purposes  described  in  this  act,  said
lease shall immediately terminate and the real property and any improve-
ments  thereon  shall  revert  to  the state university of New York. Any
contract or lease entered into pursuant to this act shall  provide  that
the real property which is the subject of such lease or contract and any
improvements  thereon  shall  revert to the state university of New York

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03526-02-9
              

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