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NY A04549
Bill
Status
2/4/2025
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 SUNY Downstate Medical Center and related health institutions
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Fund objectives include infrastructure upgrades and expansion, medical research and development grants, student scholarships and financial aid, and community health outreach programs
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Initial capitalization comes from tax-exempt revenue bonds issued by the state treasury, with additional funding from government grants and annual budgetary surplus allocations
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Administration by a five-member board consisting of the SUNY chancellor, SUNY Downstate president, and three governor-appointed members with legislative consent, meeting quarterly
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Requires annual reporting to the legislature and joint annual audits by legislative higher education committees for oversight and accountability
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
1/7/2026