Bill > S06193

This bill establishes the SUNY Downstate Medical Support Fund, a special fund designed to provide comprehensive financial assistance to medical institutions within the State University of New York (SUNY) system. The fund will be capitalized through tax-exempt revenue bonds and potential budgetary allocations, with an initial board of administration consisting of the SUNY chancellor, the SUNY Downstate Medical Center president, and three additional members appointed by the governor. The fund's primary objectives include providing financial support for infrastructural upgrades and expansion at eligible health-related institutions, facilitating medical and health-related research and development grants, offering scholarships and financial aid to students, and supporting community health initiatives and outreach programs. The fund will be subject to quarterly board reviews and annual legislative audits to ensure transparency and proper use of resources, with an annual report to be submitted to the legislature detailing the fund's activities, financial health, and contributions to eligible institutions. The legislation aims to strengthen medical education, research, and community health services within the SUNY system by creating a dedicated, sustainable funding mechanism.

Education

https://www.nysenate.gov/legislation/bills/2025/S6193