State University Construction Fund

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State University Construction Fund
State University Construction Fund LogoNY.png
New York State public benefit corporation overview
Formed1962 (1962)
JurisdictionProvide academic buildings, dormitories and other facilities for the SUNY
HeadquartersState University Construction Fund
353 Broadway
Albany, New York 12246
New York State public benefit corporation executive
  • Eric Corngold [1] , Chairman
Website www.sucf.suny.edu

The State University Construction Fund is a New York State public-benefit corporation that addresses the construction and capital planning needs of the State University of New York and affiliated institutions.

Contents

The mission of the fund is to act as an agent of the university to provide funding for buildings and to help reduce the time between the determination of need and the availability of the completed buildings. [2]

The fund is run by a three-person Board of Trustees. One trustee is selected from the members of the SUNY Board of Trustees, and the other two are nominated by the Governor and confirmed by the State Senate. [3]

SUNY capital program summary [4]
Type# of buildingsSquare feetAve age2008-2013 budgetSourceProjects managed by
Educational facilities1,82357.6 million44.5 years$4,426 million – Includes $1.65B in future appropriations for critical maintenance projects for 2010/2011 through 2012/2013.StateFund/Campus
Hospitals132.5 million24.3 years$450 millionHospital RevenuesFund/Campus
Residence halls46719.3 million34.0 years$573 millionRoom RentsDASNY/Campus
Community colleges49017.9 million41.6 years$436 million50% State, 50% LocalLocal
Totals2,79897.3 million42.1 years$5,885 million  

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References

  1. "Board of Trustees". www.sucf.suny.edu. Retrieved December 5, 2018.
  2. New York Education Law § 372.
  3. New York Education Law § 371.
  4. "Capital Budget Hearing Presentation". State University Construction Fund. Retrieved 2010-10-16.