Authorizes the lease of certain lands for the Albany NanoTech Complex

This bill authorizes the State University of New York at Albany to lease approximately 25.5 acres of its campus to Fuller Road Management Corporation for the Albany NanoTech Complex, a major semiconductor research facility. The legislation allows the university trustees to negotiate a lease of up to forty years without a public bidding process, provided the deal receives approval from state officials and includes provisions that the land reverts to the university if it is no longer used for the complex. To protect state workers, the bill explicitly prohibits contracting out current university jobs and mandates that all construction on the site follow prevailing wage laws and use a project labor agreement. Additionally, the act requires that any construction contracts be awarded through a competitive process and includes an indemnity clause to shield the university from liability related to the leased property.