N.Y. Public Authorities Law § 3559: Transfer of property; relationship with the state; certain gifts, loans and guarantees by the state

§ 3559. Transfer of property; relationship with the state; certain

gifts, loans and guarantees by the state. 1. (a) The state may give,

grant, sell, convey, loan, license the use of, or lease to the

corporation and the corporation may accept any property which is useful

in connection with the exercise by the corporation of any of its powers

under this title.

(b) Any such gift, grant, sale, conveyance, loan, license or lease

shall be upon such terms and conditions, for such consideration, if any,

and for such term or terms of years, subject to the rights of the

holders of any bonds, as the corporation and the state may agree. No

real property of the state consisting of any health facility currently

operated by the state as Roswell Park Cancer Institute shall be

transferred to the corporation, except subject to a right of first

refusal in favor of the state and subject to a right of reverter in the

event that the corporation should cease to use such property for the

purpose of provision of research, education and health care.

2. In addition to the authority granted elsewhere in this title and

by other applicable laws, the corporation and the state may enter into a

contract or contracts from time to time providing for one or more of the

following:

(a) the payment of sums for health care services provided by the

corporation which could otherwise be provided directly by the state,

including services for uncompensated care;

(b) services to be provided by the state to or on behalf of the

corporation;

(c) the transfer of employees of the state to the corporation as

provided in section thirty-five hundred fifty-seven of this title;

(d) indemnification by the corporation of the state for claims

associated with establishment of and operation of the corporation and

its health facilities;

(e) such other matters as may be appropriate to accomplish the

purposes hereof.

Such contract or contracts shall include such terms and conditions, be

for such consideration, if any, and have such term or terms of years, as

the corporation and the state may agree.