New York Statutes

§ 1504 — Formation of new district

New York·Law EDN Education·Title 2 School District Organization·Art. 31 School Districts

§ 1504. Formation of new district.

1.A district superintendent may\norganize a new school district out of the territory of one or more\nschool districts which are wholly within the geographic area served by\nhis board of cooperative educational services, whenever the educational\ninterests of the community require it. If there is an outstanding bonded\nindebtedness chargeable against the district or districts out of the\nterritory of which such new district is organized, the district\nsuperintendent shall apportion said indebtedness between such new\ndistrict and the remaining portion of the district or districts out of\nwhich such new district is organized, according to the assessed\nvaluation thereof, and the portion of the indebtedness so apportioned\nshall become a charge for princ

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