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State Fund/Campus Hospitals 13 2.5 million 24.3 years $450 million Hospital Revenues Fund/Campus Residence halls 467 19.3 million 34.0 years $573 million Room Rents DASNY/Campus Community colleges 490 17.9 million 41.6 years $436 million 50% State, 50% Local Local Totals 2,798 97.3 million 42.1 years $5,885 million
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
New York state public-benefit corporations are commonly used by the state government to perform a specific purpose, such as investment in infrastructure or regulation of horse racing. These corporations are frequently referred to as authorities .
More specifically, as a New York State public-benefit corporation, DASNY provides services for public and non-proprietary (i.e., nonprofit) private universities in New York State; for not-for-profit healthcare facilities in the State; and for other New York State-related institutions/purposes (such as State court facilities and State pension ...
A Municipal Assistance Corporation (MAC) was an independent New York State public-benefit corporation created by the State of New York for purposes of providing financing assistance and fiscal oversight of a fiscally-distressed city. Two MACs are explicitly designated under New York law.
SUNY Plaza, or the H. Carl McCall SUNY Building, formerly the Delaware & Hudson Railroad Company Building, is a public office building located at 353 Broadway at the intersection with State Street in downtown Albany, New York, United States.
However, construction or renovation of statutory college buildings are subject to additional planning steps involving the New York State University Construction Fund Office. Cornell has historically been reluctant to demolish its buildings, but has repeatedly renovated and found new uses for old structures.
The UNDC has a 14-member board of directors. [3] Its management team is headed by Executive Vice President and General Counsel Robert Cole, who reports to the board. [4] In 2017, the UNDC had operating expenses of $28.05 million, an outstanding debt of $70.11 million, and a level of staffing of 12 people.