Provides timeline for the election by the legislature of the regents

Provides that regents of the University of the state of New York in office March 31, 2017 shall hold office until June 30th of the year in which such term expires; also provides that commencing July 1, 2017 each regent shall be elected to a term of five years with each such term to expire on the last day of June and the election by the legislature to be held on or before the first Tuesday of May; also provides that if the legislature fails to agree on the election by the first Tuesday in May, then the legislature shall meet in joint session at noon on the third Tuesday in May to elect such regent by ballot; further provides that such election shall be held on the second Tuesday in May if the temporary president of the senate and the speaker of the assembly certify no later than March first that such election would conflict with religious observances.