AN ACT TO AUTHORIZE THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING, ACTING ON BEHALF OF A PUBLIC INSTITUTION OF HIGHER LEARNING, TO ENTER INTO LEASES AND SUBLEASES OF PROPERTY LOCATED THEREON FOR THE PURPOSE OF ENTERING INTO PUBLIC PROPERTY LOCATED THEREON FOR THE PURPOSE OF ENTERING INTO PUBLIC-PRIVATE PARTNERSHIPS TO DEVELOP STUDENT HOUSING AND OTHER FACILITIES TO BENEFIT THE UNIVERSITY; TO PROVIDE THAT THE TERM OF SUCH LEASES SHALL NOT EXCEED 45 YEARS AND TWO ADDITIONAL OPTIONS FOR A RENEWAL PERIOD NOT TO EXCEED FIVE YEARS; TO PROVIDE THAT LEASES OR SUBLEASES ENTERED INTO BY THE BOARD SHALL BE PROTECTED FROM ACTIONS OF SUCCESSOR BOARDS BASED ON THE BINDING SUCCESSOR DOCTRINE; AND FOR RELATED PURPOSES.