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NY S07263

Bill

Official Source

Status

Engrossed

6/18/2014

Primary Sponsor

Kenneth LaValle

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • SUNY shall not be liable for outstanding financial obligations at Long Island College Hospital (LICH) that exceed the proceeds from the hospital's sale, provided the proceeds are distributed consistent with a settlement agreement for the exit.

  • Any liabilities exceeding the sale proceeds of LICH become liabilities of the state and must be paid from the state general fund through appropriation.

  • The act takes effect immediately upon enactment.

Legislative Description

Relates to the liability of the state university of New York upon exiting operations at the Long Island college hospital.

Last Action

referred to higher education

6/18/2014

Committee Referrals

Rules6/18/2014
Finance5/13/2014
Higher Education5/8/2014

Full Bill Text

No bill text available