2006 New York Code - State debt for expansion of state university.

 
    §  19.  The legislature may authorize by law the creation of a debt or
  debts of the state, not exceeding in the  aggregate  two  hundred  fifty
  million dollars, to provide moneys for the construction, reconstruction,
  rehabilitation,   improvement   and  equipment  of  facilities  for  the
  expansion and development of the program of  higher  education  provided
  and to be provided at institutions now or hereafter comprised within the
  state  university,  for  acquisition  of real property therefor, and for
  payment of the state's share of the capital costs of  locally  sponsored
  institutions  of  higher  education  approved and regulated by the state
  university trustees. The provisions of this  article,  not  inconsistent
  with this section, relating to the issuance of bonds for a debt or debts
  of  the  state  and  the  maturity and payment thereof, shall apply to a
  state debt or debts created pursuant to this section;  except  that  the
  law  authorizing the contracting of such debt or debts shall take effect
  without submission to the people pursuant  to  section  eleven  of  this
  article.