Section 5716. Acquisition by the state of land and interests in land of Cornell university upon which buildings have heretofore or may hereafter be erected by the state

Notwithstanding  the  provisions  of  section  fifty-seven  hundred and six of this chapter, any lands owned by Cornell
  university upon which buildings have been heretofore or may hereafter be
  erected by  the  state  for  the  purpose  of  any  college,  school  or
  experiment  station  provided  for  in  this article, together with such
  additional contiguous lands as may be deemed appropriate or  needful  to
  the  purposes  of  any  such college, school or experiment station, with
  such rights of way, for purposes  of  ingress  and  egress  thereto  and
  therefrom  or for other purposes over other lands of Cornell university,
  as may be deemed necessary, may be conveyed by Cornell university to the
  people of the state, without consideration, pursuant to  such  agreement
  or  agreements  therefor  as may be made between Cornell university and,
  with the approval of the director of the budget,  the  trustees  of  the
  state  university of New York, acting for and on behalf of the people of
  the state.   Any such  conveyance  may  be  made  upon  such  terms  and
  conditions, including conditions precedent or conditions subsequent with
  provision  of reverter and right of re-entry upon breach thereof, as may
  be provided for by any such agreement.  All such agreements shall be  in
  writing  and shall be approved as to form and manner of execution by the
  attorney-general before they shall become binding  on  the  state.    No
  conveyance  authorized  herein  shall be accepted on behalf of the state
  unless the title to the property  conveyed  shall  be  approved  by  the
  attorney-general  and  the  deed  of  conveyance approved as to form and
  manner of execution by him.