The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Rensselaer Polytechnic Institute, a body corporate by virtue of chapter one hundred and fifty-one of the laws of eighteen hundred sixty-one and the acts amendatory thereof and supplemental thereto, shall have the power to confer honorary degrees and to award suitable diplomas or certificates thereof in conformity with the rules of the regents of the university of the state of New York.
Section 2. This act shall take effect immediately.