N.Y. State Finance Law § 99-y: SUNY Stony Brook Affiliation escrow fund

* § 99-y. SUNY Stony Brook 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

Affiliation escrow fund" which shall be available without fiscal year

limitation.

2. The SUNY Stony Brook Affiliation escrow fund shall consist of (i)

all monies generated through the activities of Stony Brook at

Southampton 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 Southampton

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

Southampton Hospital Association.

3. Monies of the SUNY Stony Brook Affiliation escrow fund shall be

expended only for the purposes of Stony Brook Hospital at Southampton.

* NB There are 3 § 99-y's