S T A T E O F N E W Y O R K
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9985
I N A S S E M B L Y
June 5, 2014
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A. Lentol,
Brennan) -- read once and referred to the Committee on Higher Educa-
tion
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:
Section 1. 1. Notwithstanding the provisions of any law, rule or regu-
lation to the contrary, the state university of New York, including all
of the state university's constituent parts, upon exiting operations at
the Long Island College Hospital (LICH), shall not be liable for any
outstanding financial obligations net of the proceeds received from the
sale of such hospital, provided such proceeds are distributed in a
manner fully consistent with that of a settlement agreement providing
for the exit of operations at the LICH.
2. Any liabilities in excess of proceeds derived from the sale of the
LICH shall be considered a liability of the state. Liabilities in excess
of such sale proceeds shall be paid out of the state general fund pursu-
ant to appropriation.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15034-01-4