§ 407-b. Authorization for dormitory authority financing of capital\nfacilities for state-supported schools for blind and deaf students. 1.\nThe legislature declares that it is in the interest of the state and the\nchildren of the state to assure that state-supported schools for the\ninstruction of blind and deaf students and other children with\nhandicapping conditions pursuant to article eighty-five of this chapter\nand chapter one thousand sixty of the laws of nineteen hundred\nseventy-four have sufficient facilities related to the education of such\nchildren. The legislature finds that state-supported schools for blind\nand deaf students providing such education are in need of improved and\nadditional facilities related to the education of such children, and the\nmeans to finance the construction of such improvements and additional\nfacilities. The legislature, therefore, enacts the following provisions.\n 2. This section shall apply to state-supported schools for the\ninstruction of the blind and deaf students and children with other\nhandicapping conditions, subject to the appointment of the commissioner,\npursuant to article eighty-five of this chapter and chapter one thousand\nsixty of the laws of nineteen hundred seventy-four.\n 3. Such state-supported schools may enter into leases, subleases or\nother agreements with the dormitory authority pursuant to title four of\narticle eight of the public authorities law for the financing of the\ndesign, construction, reconstruction, rehabilitation, improvement,\nrenovation or otherwise providing for furnishing or equipping of\neducational or residential facilities where the total estimated cost of\nsuch facilities exceeds ten thousand dollars. The plans and\nspecifications of such capital facilities shall be subject to approval\nof the commissioner. Such educational or residential facilities may be\nconstructed only on land owned by such state-supported school or, if the\nland is leased, where the lease is for a period at least equal to the\nappropriate period of probable usefulness for such facilities as listed\nin section 11.00 of the local finance law, or the length of the lease,\nsublease or other agreement with the dormitory authority, whichever is\nlonger.\n 4. Each state-supported school shall, notwithstanding any other\nprovision of law, have the power to convey, lease, sublease or otherwise\nmake available to the dormitory authority without consideration, title\nor any other rights in real property satisfactory to the dormitory\nauthority.\n 5. In addition to providing for all other matters deemed necessary and\nproper, such leases, subleases and other agreements shall (a) require\nthe state-supported school to pay to the dormitory authority annual\nrentals which shall include the amount required to pay the principal of\nand interest on obligations of the dormitory authority issued in\nrelation to providing such facilities and all incidental expenses of the\ndormitory authority incurred in relation thereto, (b) require the\nstate-supported school to include an amount sufficient to meet its\nobligations under the lease, sublease or other agreement in each\nproposed budget submitted during the term of the lease, sublease or\nother agreement, and (c) a provision that such agreement shall not be\neffective unless and until it is approved by the commissioner and the\ndirector of the budget.\n 6. Title or other real property rights, to the capital facilities\nfinanced pursuant to this section shall remain with the dormitory\nauthority until the dormitory authority certifies to the commissioner\nand the comptroller the receipt by it of the amount necessary to pay the\naggregate amount of annual rentals to the dormitory authority. At such\ntime, title or other real property rights thereto shall be transferred\nby the dormitory authority to the state-supported school. In order to\navail itself of the provisions of this section, each state-supported\nschool must also agree
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