Legislation
SECTION 99-BB*4
SUNY Stony Brook Eastern Long Island Hospital Affiliation escrow fund
State Finance (STF) CHAPTER 56, ARTICLE 6
* § 99-bb. SUNY Stony Brook Eastern Long Island Hospital Affiliation
escrow fund. 1. Notwithstanding any other provision of law, rule,
regulation, or practice to the contrary, there is hereby established in
the joint custody of the comptroller and the chancellor of the state
university of New York (SUNY) a trust and agency fund, to be known as
the "SUNY Stony Brook Eastern Long Island Hospital Affiliation escrow
fund" which shall be available without fiscal year limitation.
2. The SUNY Stony Brook Eastern Long Island Hospital Affiliation
escrow fund shall consist of (i) all monies generated through the
activities of Stony Brook at Eastern Long Island Hospital, including but
not limited to patient revenue, federal reimbursement, and other
associated revenue sources, (ii) rent payments made by Stony Brook
University Hospital to the Eastern Long Island Hospital Association
under a certain lease agreement approved by the director of the budget,
the office of the New York state attorney general and the office of the
New York state comptroller and (iii) to the extent permitted under the
lease agreement referred to in paragraph (ii) of this subdivision,
working capital advances and capital acquisition advances made by Stony
Brook University Hospital to the Eastern Long Island Hospital
Association.
3. Monies of the SUNY Stony Brook Eastern Long Island Hospital
Affiliation escrow fund shall be expended only for the purposes of Stony
Brook at Eastern Long Island Hospital.
* NB There are 5 § 99-bb's
escrow fund. 1. Notwithstanding any other provision of law, rule,
regulation, or practice to the contrary, there is hereby established in
the joint custody of the comptroller and the chancellor of the state
university of New York (SUNY) a trust and agency fund, to be known as
the "SUNY Stony Brook Eastern Long Island Hospital Affiliation escrow
fund" which shall be available without fiscal year limitation.
2. The SUNY Stony Brook Eastern Long Island Hospital Affiliation
escrow fund shall consist of (i) all monies generated through the
activities of Stony Brook at Eastern Long Island Hospital, including but
not limited to patient revenue, federal reimbursement, and other
associated revenue sources, (ii) rent payments made by Stony Brook
University Hospital to the Eastern Long Island Hospital Association
under a certain lease agreement approved by the director of the budget,
the office of the New York state attorney general and the office of the
New York state comptroller and (iii) to the extent permitted under the
lease agreement referred to in paragraph (ii) of this subdivision,
working capital advances and capital acquisition advances made by Stony
Brook University Hospital to the Eastern Long Island Hospital
Association.
3. Monies of the SUNY Stony Brook Eastern Long Island Hospital
Affiliation escrow fund shall be expended only for the purposes of Stony
Brook at Eastern Long Island Hospital.
* NB There are 5 § 99-bb's