NY Educ L § 371 (2021)
2021 New York Laws EDN - Education Title 1 - General Provisions Article 8-A - State University Construction Fund 371 - State University Construction Fund.

§ 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 trustee. The trustees other than the state university trustee   shall be appointed with the advice and consent of the senate.2. The trustees of the fund first  appointed  by  the  governor  shall   serve  for  terms  ending  December  thirty-first,  in  nineteen hundred   sixty-four, nineteen hundred sixty-six and nineteen hundred sixty-eight,   respectively. Persons appointed for full terms as their successors shall   serve for six years  each  commencing  as  of  the  January  first  next   following  the year in which the term of his predecessor expired. In the   event of a vacancy occurring in  the  office  of  a  trustee  by  death,   resignation  or otherwise, the governor shall appoint a successor in the   same manner as an original appointment to serve for the balance  of  the   unexpired  term. A vacancy shall be deemed to have occurred whenever the   trustee of the fund who is a state university trustee  ceases  to  be  a   state university trustee.3.  The  trustees  of  the  fund  shall serve without salary, but each   trustee shall be entitled to reimbursement for his actual and  necessary   expenses incurred in the performance of his official duties.4.  The trustees of the fund may engage in private employment, or in a   profession or business, subject to the limitations contained in sections   seventy-three and seventy-four of the  public  officers  law.  The  fund   shall,  for  the  purposes  of  such  sections, be a "state agency", the   trustees thereof shall be "officers" of the agency for the  purposes  of   said  sections,  and  the  trustees,  officers  and other persons in the   employment of  the  fund  shall  be  "employees"  for  the  purposes  of   subdivision one of section seventeen of the public officers law.5.  Notwithstanding  any  inconsistent  provisions  of  law,  general,   special or local, no officer or employee of the state, or of  any  civil   division thereof, shall be deemed to have forfeited or shall forfeit his   office  or employment by reason of accepting appointment as a trustee of   the fund.6. The governor may remove any trustee for  inefficiency,  neglect  of   duty  or  misconduct  in  office  after giving him a copy of the charges   against him, and an opportunity to be heard, in person or by counsel, in   his defense, upon not less than ten days' notice. If any  trustee  shall   be  removed,  the  governor  shall  file  with  the secretary of state a   complete statement of charges made against the trustee, and his findings   thereon, together with a complete record of the proceedings.7. The chairman of the fund shall be designated by the governor, shall   preside over all its meetings and shall have such other  duties  as  the   trustees may direct. A vice-chairman who shall preside over all meetings   of  the  fund  in  the absence of the chairman and shall have such other   duties as the trustees may direct may be designated from time to time by   the trustees from among the other trustees.8. The powers of the fund shall be vested in and exercised by no fewer   than two of the trustees then in office. The fund may delegate to one or   more of its trustees, or officers, agents and employees, such powers and   duties as it may deem proper;  provided,  however,  that  all  contracts   involving  an estimated expense of seventy-five thousand dollars or more   and all lease agreements to be entered into pursuant  to  section  three   hundred  seventy-eight  of  this  article  shall  be  approved  prior to   execution by no fewer than two trustees of the fund.9. The fund may appoint such officers, employees and agents as it  may   deem   advisable,   including   a   general  manager  to  be  the  chief    administrative officer of the fund, a counsel and a controller, and  may   prescribe their duties and fix their compensation.10.  Officers and employees of other state agencies may be transferred   to the fund and officers and employees of the fund may be transferred to   other state agencies without examination and without loss of  any  civil   service  status or rights. No such transfer, however, may be made except   with the approval of the head of the other state  agency  involved,  the   director  of  the budget and the chairman of the fund, and in compliance   with the rules and regulations of the state civil service commission.