NY Educ L § 373 (2021)
2021 New York Laws EDN - Education Title 1 - General Provisions Article 8-A - State University Construction Fund 373 - General Powers and Duties of Fund.

§ 373. General  powers  and  duties  of  fund. The fund shall have the   following powers in addition to those specifically  conferred  elsewhere   in this article:1. To sue and be sued;2. To have a seal and alter the same at pleasure;3.  To  make  and  alter  by-laws  for  its  organization and internal   management;4. With the approval of the comptroller,  to  prescribe  a  system  of   accounts;5.  To  make  rules  and  regulations  governing  the  exercise of its   corporate powers and the fulfillment of  its  corporate  purposes  under   this  article,  which  rules  and  regulations  shall  be filed with the   secretary of state in the manner provided by section one hundred two  of   the executive law;6.  To  accept  jurisdiction  over  and  to  hold, use and improve, in   accordance with such terms and conditions as  the  fund  and  the  state   university  shall  determine,  any  or all real property acquired by the   state university trustees in the name of the state for state  university   purposes,  together with such rights and privileges as may be incidental   and appurtenant thereto;7. To purchase, receive, lease or otherwise acquire in accordance with   the requirements of article eleven of the  state  finance  law  personal   property  necessary  and convenient for its corporate purposes, provided   that  such  personal  property  shall  not  be  construed   to   include   furnishings and equipment for completed facilities;8.  To  design,  construct,  acquire,  reconstruct,  rehabilitate  and   improve academic buildings, dormitories and  other  facilities  for  the   state  university in accordance with sections three hundred seventy-five   and three hundred seventy-six of this chapter;9.  In  connection  with  such  design,   construction,   acquisition,   reconstruction,  rehabilitation and improvement, (i) to install or cause   to be installed water, sewer, gas, electrical, telephone,  heating,  air   conditioning   and   other   utility   services,  including  appropriate   connections, (ii) to construct or  cause  to  be  constructed  walkways,   roadways and other improvements on adjacent real property made available   by  the  state university, and (iii) to landscape adjacent real property   or cause the same to be landscaped;10. To maintain, repair and keep up the real property held by  it  and   the  facilities  constructed,  acquired, reconstructed, rehabilitated or   improved pursuant to  this  article  until  responsibility  therefor  is   transferred  to  the  state  university in accordance with section three   hundred seventy-nine of this chapter;11. Subject to the terms of any lease or agreement with third parties,   with  respect  to  approved  university-related   economic   development   facilities  or approved university related economic development projects   to develop, manage, operate, and/or lease, solely or in cooperation with   one or more entities or individuals, or to surrender to the  appropriate   state  official,  for  other  public  use  or  for  sale, lease or other   disposition in accordance with law, real property made available to  the   fund  for  its  corporate  purposes by the state university whenever the   state  university  trustees  determine  that  such  real   property   is   unnecessary  for  present  or  foreseeable  future  needs  of  the state   university;* 12. To procure and execute  contracts,  lease  agreements,  and  all   other  instruments  necessary  or  convenient  for  the  exercise of its   corporate powers and the fulfillment of  its  corporate  purposes  under   this  article.    Notwithstanding subdivision two of section one hundred   twelve of the state finance law or any other law to the  contrary,  fund    procurements  shall  not  be  subject to the prior approval of any state   officer or agency;* NB Effective until June 30, 2026* 12.  To  make and execute contracts, lease agreements, and all other   instruments necessary or convenient for the exercise  of  its  corporate   powers and the fulfillment of its corporate purposes under this article;* NB Effective June 30, 202613.  To  procure  insurance  against  any  loss in connection with any   facility leased to the fund under section three hundred seventy-eight of   this chapter, in such amounts, and  from  such  insurers,  as  it  deems   desirable;14.  To act as agent for, or to assist generally, the attorney general   and the state commissioner of transportation  in  making  land  surveys,   topographical  surveys  and valuation appraisals of real property sought   to be acquired by the state university trustees;15.   To   engage   the   services   of   construction,   engineering,   architectural,   legal   and   financial   consultants,   surveyors  and   appraisers, on a  contract  basis  or  as  employees,  for  professional   service and technical assistance and advice; and16.  To do any and all things necessary or convenient to carry out its   corporate purposes and exercise the powers given and granted  to  it  in   this article.* 17.  To  construct,  design/build  (using  a  competitive  selection   process with due consideration of cost), develop, manage,  lease  and/or   operate  real property and facilities made available to the fund for its   corporate purposes by the state university related to academic incubator   facilities and a pharmaceutical research, development,  which  may  also   include  a  manufacturing  facility  located at the state university New   York college of technology at Farmingdale.* NB There are 2 sub 17's* 17. To construct, design/build, develop, manage and/or operate  real   property  and  facilities  made  available to the fund for its corporate   purposes by the state  university  related  to  academic  incubator  and   approved university-related economic development facilities;* NB There are 2 sub 17's* 18.  To  receive or acquire by gift, purchase or otherwise, real and   personal property, or services or other aid, including any reimbursement   allowance offered or made available by any person, government agency  or   corporation,  including,  but  not  limited  to, any foundation or other   not-for-profit entity and to receive and  use  money  from  any  source,   including,  but  not  limited to the dormitory authority of the state of   New York, or any other private or public source for the site acquisition   and construction of a pharmaceutical research,  development,  which  may   also  include  a  manufacturing  facility at the state university of New   York college of technology at Farmingdale.* NB There are 2 sub 18's* 18. With respect to approved university-related economic development   facilities, to act as agent for, and execute the powers of, a foundation   or other not-for-profit entity created by or for the  state  university;   and* NB There are 2 sub 18's19.  To  receive  or  acquire by gift, purchase or otherwise, real and   personal property, or services or other aid, including any reimbursement   allowance offered or made available by any person, government agency  or   corporation,  including,  but  not  limited  to, any foundation or other   not-for-profit entity and to receive and  use  money  from  any  source,   including,  but  not  limited to the dormitory authority of the state of   New York, or any other private or public source for the site acquisition    and construction of  approved  university-related  economic  development   facilities  as  set forth in section three hundred seventy-two-a of this   article.