NY A10306

Authorizes SUNY Farmingdale trustees to lease approximately 9.26 acres of campus land to Farmingdale State Development Corporation (a not-for-profit) without public bidding for up to 99 years for housing and related facilities.

Lease requires approval from the director of the division of the budget, attorney general, and state comptroller; all lease proceeds must benefit the Farmingdale campus.

Property and improvements revert to SUNY if the lease terminates early or upon lease expiration; lease must terminate immediately if property ceases being used for its intended purpose.

All construction work is classified as public work subject to prevailing wage requirements under Labor Law Article 8 and requires a project labor agreement.

Prohibits contracting out instructional, pedagogical, administrative, or professional services currently performed by state employees; protects existing state employee positions and collective bargaining rights.

Lease must be executed within 5 years of the act's effective date.