Authorizes the state university of New York at Farmingdale to lease certain lands to the Farmingdale state development corporation

Authorizes state University Trustees, without any public bidding, to lease and otherwise contract to make available to Farmingdale state development corporation, a not-for-profit corporation, a portion of the lands of the university for the purpose of developing, constructing, maintaining and operating a multi-purpose athletic facility to support the provision of athletic tournaments, camps, clinics and other opportunities for Farmingdale students and local community residents; provides such lease shall be a term of thirty years; makes related provisions.