§ 20.05. Legislative findings and determinations, and statement of\npurposes. 1. The legislature hereby finds, determines and declares:\n (a) that cultural institutions in the state promote public interest in\nand knowledge of the arts and other cultural activities; attract artists\nand others with creative talents who live in proximity to and perform\nwork related to such institutions; and otherwise vitally contribute to\neducational, recreational and cultural activities and opportunities of\nbenefit to the people of the state; and that such institutions provide a\nwealth of specialized educational and cultural activities designed for,\namong others, students, minority and ethnic populations, senior\ncitizens, the unemployed, consumers and citizens interested in the\nperforming arts; and that it is the sense of the legislature that the\ncontributions of such institutions to the people of New York state have\nbeen exceptional;\n (b) that such institutions are essential to the existence of cultural\ncenters in the state, contribute to the continued existence and growth\nin the state of industries related to the arts and other cultural\nactivities, attract residents of and visitors to the state, including\npatrons of the arts, generate substantial tax and other revenues in and\nfor the state, and otherwise vitally contribute to the economy and tax\nbase of the state;\n (c) that recognizing the importance of and public purpose served by\nsuch institutions, the state has appropriated and expended substantial\nfunds for and has otherwise supported and assisted such institutions;\n (d) that there is a serious shortage of required space and facilities\nfor the continued existence, proper operation and needed growth of such\ninstitutions and that there is a serious shortage of required modern\nequipment, furnishing and installations for the continued existence,\nproper operation and needed growth of such institutions;\n (e) that owing to inflation, increases in the cost of energy and other\neconomic forces, operating expenses of many such institutions exceed\nrevenues from endowments and other sources; sufficient funds to pay\noperating expenses and the costs of needed expansion, improvement and\nrehabilitation of the space and facilities of such institutions are not\navailable from the state, municipalities or counties in the state or\nother past sources of such funds; and unless corrective action is taken,\nthe needed expansion, improvement, equipping, furnishing and\nrehabilitation of the space and facilities of such institutions will not\nbe undertaken and such institutions will be required to invade their\nendowments and other capital assets to pay operating expenses, thereby\nendangering the continued existence and operation of such institutions;\n (f) that a public purpose would be served and the interests of the\npeople of the state would be promoted if the collections, endowments and\nother capital assets of such institutions were preserved and expanded;\nif continued operation in the state and needed expansion, improvement\nand rehabilitation of the space and facilities of such institutions were\nencouraged; and if action were taken to permit such operation and\nexpansion, improvement and rehabilitation without additional funds from\nor adverse effects on the tax base of the state, counties or\nmunicipalities of the state;\n (g) that many such institutions own or plan to acquire valuable real\nproperty or interests in real property which are unused or underuti-\nlized, and such institutions are unable properly to develop or otherwise\nfully to utilize and realize the value of such real property owing in\npart to lack of expertise and in part to risks to their endowment,\ncollections and other capital assets;\n (h) that appropriate development and utilization of such real property\nand interest in real property and the purchase of capital equipment and\nother personal property would foster continued operation in the s
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