The State Environmental Quality Review Act of 1975, as amended, article 8 of the Environmental Conservation Law, provides that all agencies of the State shall prepare, or cause to be prepared by contract or otherwise, an environmental impact statement on any action they propose or approve which may have a significant effect on the environment. The procedures adopted in this Part shall be effective as of September 1, 1976 and shall apply, in conjunction with regulations adopted by the State University Construction Fund, as prescribed in article 8 of the Environmental Conservation Law.