§ 6272. Fund continued. The city university construction fund
created by chapter seven hundred eighty-two of the laws of nineteen
hundred sixty-six is hereby continued. The fund is a corporate
governmental agency constituting a public benefit corporation. It has
the powers and privileges of a corporation and all of its business shall
be transacted, all funds invested, all warrants for money drawn and
payments made, and all cash and securities and other personal property
held under its corporate name. For all purposes of this article and the
dormitory authority act, the fund shall be deemed to be an "educational
institution."