Removes the board of trustees of the state university of New York as a charter entity for purposes of receiving charter school applications leaving the board of regents as the main authorizer in the charter school application process; makes conforming amendments.
Provides certain members of the optional retirement program with an additional three percent statutory state contribution for the members of the optional retirement program for employees of both the State University of New York and the City University of New York.
Enacts the "regents modernization act" to require the board of regents shall be at all times at least four times more than the number of the then existing judicial districts of the state and shall not be less than fifteen; makes related provisions.