S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4521
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                     April 8, 2011
                                      ___________
       Introduced  by  Sen.  GRIFFO -- read twice and ordered printed, and when
         printed to be committed to the Committee on Corporations,  Authorities
         and Commissions
       AN  ACT  to amend the public authorities law, in relation to authorizing
         the dormitory authority to construct and  finance  certain  facilities
         for The Beacon Institute, Inc.
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. The undesignated paragraph of paragraph (b) of  subdivision
    2  2  of  section 1676 of the public authorities law, as amended by chapter
    3  605 of the laws of 2007, is amended to read as follows:
    4    The Beacon Institute,  Inc.,  a  domestic  not-for-profit  corporation
    5  formerly  known  as the Rivers and Estuaries Center on the Hudson, Inc.,
    6  for  the  acquisition,  financing,  refinancing,  construction,   recon-
    7  struction,  renovation,  development, improvement, expansion, furnishing
    8  and equipping or otherwise providing for  facilities  for  conducting  a
    9  program  of  research  and  education that advances the understanding of
   10  rivers and estuaries and develops policies and  practices  that  benefit
   11  the  human  and  natural  communities that depend upon these ecosystems,
   12  located at Beacon Harbor and Denning's Point in Beacon,  New  York,  The
   13  Upper Hudson Research Center at Troy, located at the waterfront in Troy,
   14  New  York  and  the Center for Tributary Study, located at Creek Road in
   15  Beacon, New York, AND THE  OLD  MAIN  BUILDING  AT  CLARKSON  UNIVERSITY
   16  LOCATED IN POTSDAM, NEW YORK.
   17    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10436-01-1