N.Y. Education Law § 6233-a: Master capital plan

§ 6233-a. Master capital plan. On or before November fifteenth of each

year, the trustees of the city university shall approve and submit to

the chairmen of the assembly ways and means committee and the senate

finance committee and to the director of the budget a master capital

plan setting forth the projects proposed to be constructed,

reconstructed, rehabilitated or otherwise substantially altered pursuant

to appropriations enacted or to be enacted during the succeeding five

years. During the selection of projects for such plan, the trustees

shall, where applicable, give due consideration to projects that support

improvements in environmental protection, energy and resource

management, solar energy and conservation with particular consideration

given to a project's potential to generate cost savings over time. Such

plan shall specify the name, location, estimated total cost at the time

the project is to be bid, the anticipated date or dates on which the

design of such project is to commence, the proposed method of financing

and the estimated economic life of each project. Such plan shall further

specify whether proposed projects constitute new construction,

substantial rehabilitation, moderate rehabilitation or minor

rehabilitation and shall indicate how projects support improvements in

environmental protection, energy and resource management, solar energy

and conservation. Such criteria for each method of financing shall

include, but not be limited to: (i) an analysis of private enterprise,

federal and any other appropriate financing standards, (ii) the

consideration of the period of economic life of projects as related to

the method of financing, and (iii) project cost ranges for the methods

of financing. Such plan specifications, categories or construction and

criteria for methods of financing shall be defined by the trustees, in

consultation with the city university construction fund.