§ 3101. Purposes of the corporation. The purposes of the corporation shall be to encourage and promote: 1. Scientific and technological education in the state; and 2. Basic and applied research and development in the state. 3. The development of new commercial products and the fabrication of such products in the state. The corporation shall […]
§ 3102-b. Centers for advanced technology. In order to encourage greater collaboration between private industry and the universities of the state in the development and application of new technologies, the foundation is authorized to designate for advanced technology such areas as integrated electronics, optics, biotechnology, telecommunications, automation and robotics, electronics packaging, imaging technology and others […]
§ 3102-d. Technology development organization program. 1. Definitions. As used in this section, the following terms shall have the following meanings: (a) “Technology development organizations” shall mean any not-for-profit corporation or other nonprofit organization, association, or agency which is organized for the purpose of the promotion, attraction, stimulation, development and expansion of science and technology-oriented […]
§ 3102-e. Emerging technology industrial classifications. 1. Definitions. As used in this section: (a) “Department” shall mean the New York state department of taxation and finance. * (b) “Emerging technologies” shall mean: (1) advanced materials and processing technologies that involve the development, modification, or improvement of one or more materials or methods to produce devices […]
§ 3102-f. Science and technology law center. 1. The foundation shall, subject to available appropriations, issue a request for proposals to New York law schools to establish the science and technology law center. 2. The science and technology law center will advise the foundation, centers for advanced technology and other academic institutions on all technology-related […]
§ 3102-g. Technology commercialization clinic program. The foundation shall establish a technology commercialization clinic program to be managed by the science and technology law center for the purposes of assisting New York universities, entrepreneurs and companies in commercializing new products or processes. 1. Entities eligible to operate the program shall be competitively selected by the […]
§ 3104. State not liable for obligations. No obligation of the corporation shall be a debt of the state, and the corporation shall have no power to make its obligations payable out of any property or moneys except those of the corporation.
§ 3105. Public purpose of the corporation. The corporation is created and shall be operated exclusively for public purposes and not for pecuniary profit. No part of the net earnings of the corporation shall inure to the benefit of any private individual.
§ 3105-a. Roster of retired scientists, engineers and other experts. 1. The corporation shall establish a roster of retired scientists, engineers and other experts who are willing to volunteer to assist small, emerging technology oriented businesses in reviewing, analyzing and assisting in technological and organizational problems. 2. The roster of retired scientists, engineers and other […]
§ 3106. Contributions to the corporation. Notwithstanding the provisions of any general or special law or the provisions of any certificate of incorporation, charter or other articles of organization, any corporation, association or person is hereby authorized to make contributions to the corporation.
§ 3107. Exemption from taxation. The property, income and activities of the corporation shall be exempt from all taxes and assessments.
§ 3108. Annual report. The corporation shall make an annual report to the governor and the legislature not later than July first of each year.
§ 3110. Actions. Except in an action for wrongful death, an action against the authority founded on tort shall not be commenced more than one year and ninety days after the cause of action therefor shall have accrued, nor unless a notice of claim shall have been served on the authority within the time limited […]
