S T A T E   O F   N E W   Y O R K
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                                   5229
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 27, 2023
                                ___________
 
 Introduced  by  Sen.  MAYER  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Higher Education
 
 AN ACT to amend chapter 405 of the laws of 2011, relating to authorizing
   the lease of lands located at the state  university  of  New  York  at
   Purchase,  in relation to the permitted use of proceeds from the lease
   of such lands
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Section 13 of chapter 405 of the laws of 2011, relating to
 authorizing the lease of lands located at the state  university  of  New
 York  at Purchase, subdivision (a) as amended by chapter 257 of the laws
 of 2016, is amended to read as follows:
   § 13. (a) Any contracts or leases entered into by the state university
 of New York with the Purchase college advancement  corporation  pursuant
 to  this  act shall be subject to approval of the attorney general as to
 form as well as by the director of the budget and the state comptroller.
 Any and all proceeds relating to the leases authorized by this act shall
 be allocated by the  board  of  trustees  for  Purchase  college,  state
 university  of  New York, in the following manner:  seventy-five percent
 to the student financial aid for students who are eligible to receive  a
 tuition  assistance award or supplemental tuition assistance pursuant to
 section 667 or 667-a of the education law  and  twenty-five  percent  to
 support CURRENT AND additional full-time faculty positions.
   (b)  The  trustees  of  the state university of New  York shall, on or
 before July first of each year that a lease of lands  as  authorized  by
 this act remains in effect, report to the governor, the temporary presi-
 dent  of  the  senate,  the speaker of the assembly, the director of the
 division of the budget, the senate finance committee, the assembly  ways
 and  means committee and the higher education committees of the legisla-
 ture the following information: (i) all proceeds derived from any  lease
 authorized by this act with a description of how such proceeds have been
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09221-01-3
              

 S. 5229                             2
 
 allocated  that  year  under  subdivision  (a) of this section; (ii) the
 amount of funds spent at the state university of New  York  at  Purchase
 for CURRENT AND additional full-time faculty positions and the number of
 CURRENT  AND  additional  faculty positions associated with such amount;
 and (iii) the amount of funds spent at the state university of New  York
 at  Purchase  for  student  scholarships,  the  total number of students
 receiving such scholarships and the number of  students  receiving  such
 scholarships  within  the following income, as defined in section 663 of
 the education law, categories: (A) 0-20,000 dollars;  (B)  20,001-40,000
 dollars; (C) 40,001-60,000 dollars; and (D) 60,001-80,000 dollars.
   § 2. This act shall take effect immediately.