§ 527-e. New facility operation agreements. 1. The division is hereby authorized to enter into new facility operation agreements with not-for-profit corporations. Such agreements shall provide for the operation of a program by a not-for-profit corporation at a youth center constructed by or on behalf of the division and to which the state holds title. Any not-for-profit corporation which seeks to operate such a program shall submit an application to the division in the manner provided for in this title. In addition to any other requirements imposed pursuant to section five hundred twenty-seven-g of this title, any such agreement shall provide that the lease from the state to the not-for-profit corporation shall provide that, in lieu of any periodic rental or lease payment for use of the facility, the not-for-profit corporation shall continue to operate the program as approved for a period of time as approved by the division (not exceeding thirty years) and that the responsibility for the general maintenance and operation of the facility shall be the responsibility of the not-for-profit corporation.

Terms Used In N.Y. Executive Law 527-E

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

2. At the request of a municipality, the division may enter into a new facility operation agreement wherein the municipality operates a program at a youth center constructed by or on behalf of the division and to which the state holds title, or such program is operated by a not-for-profit corporation, pursuant to a contract with the division or a municipality.

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