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ITHACA, N.Y. -- Cornell University officials are breathing a sigh of relief. A few months ago, the school's president was notified that one of their research facilities known as CHESS may not receive key funding.

The facility, which includes a high energy Synchrotron light source, relies on almost $28 million a year from the National Science Foundation, but this year, the foundation was considering pulling the money.

In a visit to campus Monday, Senator Charles Schumer brought the good news that the Foundation decided to keep the funding in place.

Schumer said, "It means CHESS can continue its life-saving work with pharmaceutical companies to develop new drugs and fight today's diseases. The list can go on and on. Bottom line is we're here to stay. We're not moving. We're going to continue to be funded."

Schumer says this is a multi-year agreement and now the university and foundation will work out a long-term plan for CHESS.