N.Y. Arts and Cultural Affairs Law § 54.05: Executive Mansion Trust

§ 54.05. Executive Mansion Trust. 1. A trust known as the "Executive

Mansion Trust" is hereby created. The trust shall be a body corporate

and politic and its existence shall commence upon the appointment of the

members as herein provided.

2. The trust shall consist of the commissioner of general services,

the commissioner of parks, recreation and historic preservation, the

commissioner of education, the chairman of the board of trustees of the

New-York Historical Society and a private citizen appointed to a

three-year term of membership by the governor; such private citizen

shall be a person known for professional competence and experience in

the field of history, architecture, art, design or museum services. The

director of the budget and a designee of the governor shall serve as

non-voting members of the trust.

3. The powers of the trust shall be vested in and exercised by a

majority of the voting members thereof.

4. The commissioner of general services shall serve as chairperson of

the trust.

5. The members of the trust shall serve without compensation, but

shall be entitled to reimbursement of their actual and necessary

expenses incurred in the performance of their official duties.

6. The trust shall be subject to the provisions of article 15-A of the

executive law.

7. The trust and its corporate existence shall continue until

terminated by law, provided, however, that no such law shall take effect

so long as the trust shall have financial obligations outstanding,

unless adequate provision has been made for the payment thereof, and

until arrangements have been made for the adequate care and conservation

of its artifacts and collections. Upon termination of the existence of

the trust, all its rights and properties shall vest in the state.