§ 370. Definitions. As used or referred to in this article, unless a different meaning clearly appears from the context: 1. “Comptroller” shall mean the state comptroller. 2. “Director of the budget” shall mean the state director of the budget. 3. “Dormitory” shall mean a housing unit or any emergency temporary housing, with necessary and […]
§ 371. State university construction fund. 1. There is hereby created within the state university the “state university construction fund”. The fund shall be a corporate governmental agency constituting a public benefit corporation. It shall be administered by three trustees appointed by the governor, one of whom shall at all times be a state university […]
§ 372. Purposes of fund. The purposes of the fund shall be to provide academic buildings, dormitories and other facilities including academic incubator facilities and a pharmaceutical research, development which may also include a manufacturing facility for the state-operated institutions and contract and statutory colleges under the jurisdiction of the state university, to reduce the […]
§ 372-a. University-related economic development facilities. 1. Notwithstanding subdivisions one through six and eight through ten of section three hundred seventy-six of this article, the provisions of this section shall apply to the fund when it acts pursuant to the authorization under this section. Pursuant to the authorization in this section and approval by the […]
§ 373. General powers and duties of fund. The fund shall have the following powers in addition to those specifically conferred elsewhere in this article: 1. To sue and be sued; 2. To have a seal and alter the same at pleasure; 3. To make and alter by-laws for its organization and internal management; 4. […]
§ 373-a. Jurisdiction in actions by, against or involving the fund. The state supreme court shall have exclusive jurisdiction of any action, where the amount sought to be recovered, exclusive of interest and costs, exceeds ten thousand dollars, brought by or against or involving the fund. The venue of any such action shall be determined […]
§ 374. Relationship with state university. In order the most effectively to carry out its corporate purposes, the fund shall assist and cooperate with and shall make its personnel and services fully available to the state university in matters relating to the discharge of the capital planning responsibilities and land acquisition program of the state […]
§ 375. Capital construction planning. 1. Construction standards. On or before July first, nineteen hundred sixty-two, the state university trustees shall cause to be prepared with the assistance of the fund, the dormitory authority, the state department of transportation and the division of the budget, proposed standards for all facilities or classes of facilities to […]
§ 376. Letting of construction contracts. 1. After May first, nineteen hundred sixty-two, the fund as agent for the state university shall construct, acquire, reconstruct, rehabilitate and improve, or cause to be constructed, acquired, reconstructed, rehabilitated and improved, all academic buildings, dormitories and other facilities to be constructed, acquired, reconstructed, rehabilitated or improved at state-operated […]
§ 376-a. Notices of claim and commencement of actions against the fund. 1. In every action against the fund for damages for injuries to real or personal property, or for the destruction thereof, or for personal injuries or death, the complaint shall contain an allegation that at least thirty days have elapsed since the demand, […]
§ 377. Resources of fund. 1. The fund may receive, accept, invest, administer, expend and disburse for its corporate purposes appropriation from the capital construction fund and the state purposes fund of the state, and other revenues and moneys made available or to be made available to it from any or all sources for the […]
§ 378. Lease agreements. 1. Any agreement entered into between the fund and a state retirement system pursuant to section three hundred seventy-six of this chapter shall provide for (i) the construction, acquisition, reconstruction, rehabilitation or improvement of one or more facilities, (ii) the leasing thereof and of the land upon which the same is […]
§ 379. Transfer of jurisdiction to state university. As soon as practicable after the completion of work, the fund shall make available to the state university trustees for the purposes intended the academic buildings, dormitories and other facilities constructed, acquired, reconstructed, rehabilitated or improved under this article. Responsibility for the maintenance and routine repair of […]
§ 380. Tax exemption of moneys and property of fund. The moneys and property of the fund and its operations shall be exempt from taxation.
§ 381. Cooperation and assistance from other state agencies. The state education department, the state department of transportation, the dormitory authority, the state housing finance agency, the division of the budget, the office of general services and all other state agencies shall cooperate with and assist the fund in the fulfillment of its corporate purposes […]
§ 382. Annual report of trustees. 1. The fund shall submit to the governor, the regents, the state university trustees, the legislature, the chairs of the senate finance committee and the assembly ways and means committee, annually on or before January first, a full report of its activities and operations through the thirtieth day of […]
§ 383. Article not affected if in part unconstitutional or ineffective. If any section, subdivision, paragraph, sentence, clause or provision of this article shall be unconstitutional or be ineffective in whole or in part, to the extent that it is not unconstitutional or ineffective, it shall be valid or effective and no other section, subdivision, […]
§ 384. Inconsistent provisions of other acts superseded. Insofar as the provisions of this article are inconsistent with the provisions of any other act, general or special, the provisions of this article shall be controlling.
