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NY A09200
Bill
Status
2/14/2024
Primary Sponsor
Brian Cunningham
Click for details
AI Summary
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Establishes the SUNY Downstate Medical Support Fund as a special fund to provide financial support to eligible SUNY health-related institutions for infrastructure upgrades, research grants, scholarships, and community health initiatives.
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Capitalizes the fund through tax-exempt revenue bonds issued by the state treasury and pledges allocation of annual budgetary surpluses to ensure growth and sustainability, subject to legislative appropriation.
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Creates a governing board consisting of the SUNY chancellor, SUNY Downstate Medical Center president, and three governor-appointed members (with legislative advice and consent) to meet quarterly and authorize fund disbursements.
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Requires annual reports to the legislature on fund activities and financial health, with joint annual audits by legislative higher education committees to ensure proper resource use.
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Takes effect immediately upon enactment.
Legislative Description
Establishes the SUNY downstate medical support fund to provide financial support for infrastructural upgrades and expansion; facilitates research and development grants in medical and health-related fields; offers scholarships and financial aid; supports community health initiatives and outreach programs.
Last Action
referred to higher education
2/14/2024