State University Construction Fund
The State University Construction Fund was established as a public benefit corporation in 1962 (Chapter 251) to reduce the time between inception and completion of new facilities for SUNY campuses. The fund was to be guided by the assumption that SUNY's enrollment would more than double in the next ten years. Before the fund was created, construction of SUNY facilities was chiefly the responsibility of the Department of Public Works with the Division of the Budget closely monitoring expenditures.