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.
 | |
| New York State public benefit corporation overview | |
|---|---|
| Formed | 1962 (1962) |
| Jurisdiction | Provide academic buildings, dormitories and other facilities for the SUNY |
| Headquarters | State University Construction Fund 353 Broadway Albany, New York 12246 |
| New York State public benefit corporation executive |
|
| Website | www |
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]
| Type | # of buildings | Square feet | Ave age | 2008-2013 budget | Source | Projects managed by |
|---|---|---|---|---|---|---|
| Educational facilities | 1,823 | 57.6 million | 44.5 years | $4,426 million – Includes $1.65B in future appropriations for critical maintenance projects for 2010/2011 through 2012/2013. | State | Fund/Campus |
| Hospitals | 13 | 2.5 million | 24.3 years | $450 million | Hospital Revenues | Fund/Campus |
| Residence halls | 467 | 19.3 million | 34.0 years | $573 million | Room Rents | DASNY/Campus |
| Community colleges | 490 | 17.9 million | 41.6 years | $436 million | 50% State, 50% Local | Local |
| Totals | 2,798 | 97.3 million | 42.1 years | $5,885 million |