Bill Text: NY S07263 | 2013-2014 | General Assembly | Introduced
Bill Title: Relates to the liability of the state university of New York upon exiting operations at the Long Island college hospital.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Engrossed - Dead) 2014-06-18 - referred to higher education [S07263 Detail]
Download: New_York-2013-S07263-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
7263
I N S E N A T E
May 8, 2014
___________
Introduced by Sen. LAVALLE -- read twice and ordered printed, and when
printed to be committed to the Committee on Higher Education
AN ACT in relation to the liability of the state university at New York
upon exiting operations at the Long Island College Hospital
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. 1. Notwithstanding the provisions of any law, rule or regu-
2 lation to the contrary, the state university of New York, including all
3 of the state university's constituent parts, upon exiting operations at
4 the Long Island College Hospital (LICH), shall not be liable for any
5 outstanding financial obligations net of the proceeds received from the
6 sale of such hospital, provided such proceeds are distributed in a
7 manner fully consistent with that of a settlement agreement providing
8 for the exit of operations at the LICH.
9 2. Any liabilities in excess of proceeds derived from the sale of the
10 LICH shall be considered a liability of the state. Liabilities in excess
11 of such sale proceeds shall be paid out of the state general fund pursu-
12 ant to appropriation.
13 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15034-01-4
