N.Y. State Finance Law § 99-bb*4: SUNY Stony Brook Eastern Long Island Hospital Affiliation escrow fund

* § 99-bb. SUNY Stony Brook Eastern Long Island Hospital Affiliation

escrow fund. 1. Notwithstanding any other provision of law, rule,

regulation, or practice to the contrary, there is hereby established in

the joint custody of the comptroller and the chancellor of the state

university of New York (SUNY) a trust and agency fund, to be known as

the "SUNY Stony Brook Eastern Long Island Hospital Affiliation escrow

fund" which shall be available without fiscal year limitation.

2. The SUNY Stony Brook Eastern Long Island Hospital Affiliation

escrow fund shall consist of (i) all monies generated through the

activities of Stony Brook at Eastern Long Island Hospital, including but

not limited to patient revenue, federal reimbursement, and other

associated revenue sources, (ii) rent payments made by Stony Brook

University Hospital to the Eastern Long Island Hospital Association

under a certain lease agreement approved by the director of the budget,

the office of the New York state attorney general and the office of the

New York state comptroller and (iii) to the extent permitted under the

lease agreement referred to in paragraph (ii) of this subdivision,

working capital advances and capital acquisition advances made by Stony

Brook University Hospital to the Eastern Long Island Hospital

Association.

3. Monies of the SUNY Stony Brook Eastern Long Island Hospital

Affiliation escrow fund shall be expended only for the purposes of Stony

Brook at Eastern Long Island Hospital.

* NB There are 5 § 99-bb's