2015 New York Laws
ACA - Arts and Cultural Affairs
Title T - NATURAL HERITAGE TRUST
Article 55 - (55.01 - 55.23) NATURAL HERITAGE TRUST
55.05 - Natural Heritage Trust.

 55.05. Natural  Heritage  Trust.  The  board  known  as the "Natural
  Heritage Trust" is hereby continued.  Such  a  board  shall  be  a  body
  corporate  and politic constituting a public benefit corporation and its
  existence shall commence upon the appointment of the members  as  herein
  provided.  Such  board  shall  consist  of  the chairperson of the state
  council  of  parks  and  outdoor   recreation,   the   commissioner   of
  environmental  conservation, the secretary of state and the commissioner
  of parks, recreation and historic preservation. The powers of the  board
  shall be vested in and exercised by the majority of the members thereof.
  The  members of the board shall serve without compensation, but shall be
  entitled  to  reimbursement  of  their  actual  and  necessary  expenses
  incurred  in  the  performance  of  their  official duties. At the first
  meeting of the board and the first meeting thereof in each  fiscal  year
  thereafter,  the  members of the board shall choose from their number, a
  chairperson and vice-chairperson.
The trust and its corporate existence shall continue until  terminated
  by law, provided, however, that no such law shall take effect so long as
  the  trust  shall  have  bonds, notes and other obligations outstanding,
  unless adequate provision has been made for the payment thereof  in  the
  documents  securing  the  same. Upon termination of the existence of the
  trust, all its rights and properties shall vest in the state.