Authorizes the lease of certain lands for the Albany NanoTech Complex

This bill authorizes the State University of New York at Albany to lease specific campus lands to Fuller Road Management Corporation for the Albany NanoTech Complex, a major semiconductor research and development facility. The legislation allows the university trustees to sign a lease of up to forty years without a public bidding process, provided the deal is approved by state budget and legal officials. It includes provisions that require any construction work on the site to follow state labor laws, ensuring workers receive prevailing wages, while also mandating that the university retain its own staff for instructional and administrative duties rather than outsourcing them. The agreement stipulates that if the land is no longer used for the NanoTech Complex, ownership and any improvements automatically revert to the university.