SUNY RF liabilities increase $250 million

SUNY RF liabilities (for 2015) increase $250 million after fixing lease agreement error for the Global 450 mm consortium.  Lease classification was changed from operating to capital lease.


Ref: http://www.timesunion.com/7day-business/article/SUNY-Poly-issue-forced-Research-Foundation-to-fix-11221799.php dated June 15, 2017.


Description of operating versus capital lease.--see link below

Ref:  http://pages.stern.nyu.edu/~adamodar/New_Home_Page/AccPrimer/lease.htm