State University Construction Fund
Encyclopedia
The State University Construction Fund is a New York State agency addressing the construction and capital planning needs of the State University of New York
and affiliated institutions.
The official mission of the fund is, "to provide academic buildings, dormitories and other facilities including academic incubator facilities and a pharmaceutical research, development which may also include a manufacturing facility for the state-operated institutions and contract and statutory colleges under the jurisdiction of the state university, to reduce the time lag between determination of need for such facilities and actual occupancy thereof, to expedite the construction, acquisition, reconstruction, rehabilitation or improvement of such facilities and to assure that the same are ready for the purposes intended when needed and when scheduled under the approved master plan of the state university; with respect to university-related economic development projects authorized by law pursuant to section three hundred seventy-two-a of this article, to act as agent for the state university or for a foundation or other not-for-profit entity created by or for the state university."
The fund is run by a three-person Board of Trustees. One trustee is selected from the members of the SUNY Board of Trustees, and the other two are nominated by the Governor and confirmed by the State Senate.
State University of New York
The State University of New York, abbreviated SUNY , is a system of public institutions of higher education in New York, United States. It is the largest comprehensive system of universities, colleges, and community colleges in the United States, with a total enrollment of 465,000 students, plus...
and affiliated institutions.
The official mission of the fund is, "to provide academic buildings, dormitories and other facilities including academic incubator facilities and a pharmaceutical research, development which may also include a manufacturing facility for the state-operated institutions and contract and statutory colleges under the jurisdiction of the state university, to reduce the time lag between determination of need for such facilities and actual occupancy thereof, to expedite the construction, acquisition, reconstruction, rehabilitation or improvement of such facilities and to assure that the same are ready for the purposes intended when needed and when scheduled under the approved master plan of the state university; with respect to university-related economic development projects authorized by law pursuant to section three hundred seventy-two-a of this article, to act as agent for the state university or for a foundation or other not-for-profit entity created by or for the state university."
The fund is run by a three-person Board of Trustees. One trustee is selected from the members of the SUNY Board of Trustees, and the other two are nominated by the Governor and confirmed by the State Senate.
| Type | # of Buildings | |Square Feet | |Ave Age | 2008-2013 Budget | |Source | Projects Managed By |
|---|---|---|---|---|---|---|
| Educational Facilities | 1,823 | 57.6 million | 44.5 years | $4,426 million – Includes $1.65B in future appropriations for critical maintenance projects for 2010/2011 through 2012/2013. | State | Fund/Campus |
| Hospitals | 13 | 2.5 million | 24.3 years | $450 million | Hospital Revenues | Fund/Campus |
| Residence Halls | 467 | 19.3 million | 34.0 years | $573 million | Room Rents | DASNY/Campus |
| Community Colleges | 490 | 17.9 million | 41.6 years | $436 million | 50% State, 50% Local | Local |
| Totals | 2,798 | 97.3 million | 42.1 years | $5,885 million |