S T A T E   O F   N E W   Y O R K
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                                 4521--A
    Cal. No. 547

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              April 8, 2011
                               ___________

Introduced by Sens. GRIFFO, OPPENHEIMER -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Corporations,
  Authorities and Commissions -- reported favorably from said committee,
  ordered to first and second report, ordered to a third reading, passed
  by  Senate and delivered to the Assembly, recalled, vote reconsidered,
  restored to third reading, amended and  ordered  reprinted,  retaining
  its place in the order of third reading

AN  ACT  to amend the public authorities law, in relation to authorizing
  the dormitory authority to construct and  finance  certain  facilities
  for The Beacon Institute, Inc.

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

  Section 1. The undesignated paragraph of paragraph (b) of  subdivision
2  of  section 1676 of the public authorities law, as amended by chapter
605 of the laws of 2007, is amended to read as follows:
  The Beacon Institute,  Inc.,  a  domestic  not-for-profit  corporation
formerly  known  as the Rivers and Estuaries Center on the Hudson, Inc.,
for  the  acquisition,  financing,  refinancing,  construction,   recon-
struction,  renovation,  development, improvement, expansion, furnishing
and equipping or otherwise providing for  facilities  for  conducting  a
program  of  research  and  education that advances the understanding of
rivers and estuaries and develops policies and  practices  that  benefit
the  human  and  natural  communities that depend upon these ecosystems,
located at Beacon Harbor and Denning's Point in Beacon,  New  York,  The
Upper Hudson Research Center at Troy, located at the waterfront in Troy,
New  York  and  the Center for Tributary Study, located at Creek Road in
Beacon, New York, AND THE  OLD  MAIN  BUILDING  AT  CLARKSON  UNIVERSITY
LOCATED IN POTSDAM, NEW YORK.
  S  2.  The  undesignated paragraph of subdivision 1 of section 1680 of
the public authorities law, as amended by chapter 605  of  the  laws  of
2007, is amended to read as follows:

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

                                                           LBD10436-03-1

S. 4521--A                          2

  The  Beacon  Institute,  Inc.,  a  domestic not-for-profit corporation
formerly known as the Rivers and Estuaries Center on the  Hudson,  Inc.,
for   the  acquisition,  financing,  refinancing,  construction,  recon-
struction, renovation, development, improvement,  expansion,  furnishing
and  equipping  or  otherwise  providing for facilities for conducting a
program of research and education that  advances  the  understanding  of
rivers  and  estuaries  and develops policies and practices that benefit
the human and natural communities that  depend  upon  these  ecosystems,
located  at  Beacon  Harbor and Denning's Point in Beacon, New York, The
Upper Hudson Research Center at Troy, located at the waterfront in Troy,
New York and the Center for Tributary Study, located at  Creek  Road  in
Beacon,  New  York,  AND  THE  OLD  MAIN BUILDING AT CLARKSON UNIVERSITY
LOCATED IN POTSDAM, NEW YORK.
  S 3. This act shall take effect immediately.