Authorizes the dormitory authority to provide financing to Vanderbilt University for the construction of facilities

This bill authorizes the state Dormitory Authority to provide financing to Vanderbilt University for constructing new facilities. The legislation amends the Public Authorities Law to allow this specific funding arrangement between the state agency and the private university. Once passed, the act takes effect immediately and directs the Dormitory Authority to consider providing financial support for the university's construction projects. The measure does not specify the amount of funding or the types of facilities to be built, leaving those details to future agreements.