NY Lab L § 539 (2021)
2021 New York Laws LAB - Labor Article 18 - Unemployment Insurance Law Title 3 - Administration 539 - Acquisition of Land and Buildings.

§  539. Acquisition of land and buildings. The commissioner of general services, on the recommendation of the industrial commissioner and  with the  approval  of the director of the budget and on behalf of the state, is hereby authorized  (1) to purchase land with or without buildings;  (2) to erect buildings thereon;  (3) to enter into contracts with any person, firm or corporation which shall agree to erect on land owned by such person, firm or  corporation, suitable  buildings  at  locations  acceptable  to  the  commissioner of general services and the industrial commissioner, and to agree on behalf of the state to lease such land and buildings for a period of  not  more than  fifteen years from the time of the completion of said buildings at such rentals and subject to such terms and conditions as may  be  agreed upon;  such  contract shall contain the plans and specifications for the proposed  buildings,  which  must  be   approved   by   the   industrial commissioner  and  the  commissioner  of  general  services;  each  such contract and lease shall provide  that  upon  the  termination  of  said lease, or upon the earlier payment in full of the total amount specified therein  the lessor shall convey to the state title in fee simple to the land and buildings covered under said lease;  (4) to enter into lease-purchase  contracts  as  specified  under  (3) above with respect to buildings already in existence:  (5)  to purchase and to provide for fixtures, equipment and facilities in connection with the said buildings or premises and to make  necessary alterations and improvements thereof.   The provisions of section one hundred sixty-one-a of the state finance law  limiting  the period for which the commissioner of general services is authorized to lease premises to a term not exceeding five years shall not be applicable to leases executed in accordance with this section.   Space in each of such buildings shall be  primarily  utilized  by  the commissioner  for  the  administration of this article, but space in any such building in excess of  such  requirements,  as  determined  by  the industrial  commissioner, may be rented or sub-leased under an agreement entered into by the commissioner of general services only to  the  state of  New York, or any agency or authority of the state of New York. Rents received under such  agreement  shall  be  paid  into  the  unemployment administration  fund.  However,  if,  in  connection with such building, moneys were advanced by the special fund to carry out  the  purposes  of this section, the rents received under such agreement shall be paid into the  said  fund until such time as it shall be fully reimbursed for such advances. In addition, under such circumstances, an agreement  shall  be entered  into  between  the commissioner and the commissioner of general services pursuant to which the fair rental value of all  space  in  such building utilized by the commissioner shall be determined and a transfer of   amounts  equal  to  such  rental  value  out  of  the  unemployment administration fund to the special fund is hereby authorized  until  the special  fund  shall  be  fully  reimbursed  for such advances. The fair rental value of space utilized by the commissioner shall not exceed  the prevailing  rental  rate for suitable space in privately owned buildings in the same locality.