Senate Bill S5520

2009-2010 Legislative Session

Authorizes the lease of lands located at the state university of New York at Purchase to provide faculty and staff housing

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Higher Education 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-S5520 (ACTIVE) - Details

Current Committee:
Senate Higher Education
Law Section:
Real Property
Versions Introduced in 2011-2012 Legislative Session:
S3480

2009-S5520 (ACTIVE) - Summary

Authorizes the lease of lands located at the state university of New York at Purchase to provide faculty and staff housing.

2009-S5520 (ACTIVE) - Sponsor Memo

2009-S5520 (ACTIVE) - Bill Text download pdf

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

                                  5520

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              May 13, 2009
                               ___________

Introduced  by  Sen.  OPPENHEIMER -- read twice and ordered printed, and
  when printed to be committed 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  faculty  and  staff housing 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 faculty and
staff housing, 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.
                                                           LBD11780-02-9
              

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