The State University Construction Fund is a New York State public-benefit corporation that addresses the construction and capital planning needs of the State University of New York and affiliated institutions.
The mission of the fund is to act as an agent of the university to provide funding for buildings and to help reduce the time between the determination of need and the availability of the completed buildings.New York Education Law § 372.
The fund is run by a three-person Board of Trustees. One trustee is selected from the members of the SUNY Board of Trustees, and the other two are nominated by the Governor and confirmed by the State Senate.New York Education Law § 371. +SUNY capital program summaryType# of buildingsSquare feetAve age2008-2013 budgetSourceProjects managed byEducational facilities1,823 57.6 million44.5 years$4,426 million – Includes $1.65B in future appropriations for critical maintenance projects for 2010/2011 through 2012/2013.StateFund/CampusHospitals13 2.5 million24.3 years $450 millionHospital RevenuesFund/CampusResidence halls46719.3 million34.0 years $573 million Room RentsDASNY/CampusCommunity colleges49017.9 million 41.6 years$436 million50% State, 50% LocalLocalTotals2,79897.3 million42.1 years$5,885 million
See also Dormitory Authority of the State of New York Empire State Development Corporation New York State Environmental Facilities Corporation
References
General References
State University Construction Fund Records, 1961-1979. M.E. Grenander Department of Special Collections and Archives, University Libraries, University at Albany, State University of New York (hereafter referred to as the State University Construction Fund Records).
External links official website