New York § 1520 Sale of property of dissolved district and disposition of proceeds

New York Statutes

§ 1520 — Sale of property of dissolved district and disposition of proceeds

New York § 1520

Law EDNEducation

Title 2School District Organization

Art. 31School Districts

This text of New York § 1520 (Sale of property of dissolved district and disposition of proceeds) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Education § 1520 (2026).

Text

§ 1520. Sale of property of dissolved district and disposition of\nproceeds.

1.When a district is divided into portions, which are\nannexed to other districts, its property shall be sold by the supervisor\nof the town or towns, within which its schoolhouse is situated, at\npublic auction after at least five days' notice.\n 2. Such notice shall be given by posting the same in three or more\npublic places of the town or towns in which the schoolhouse is situated\nand in one conspicuous place in the district so dissolved.\n 3. The supervisor, after deducting the expenses of the sale, shall\napply its proceeds to the payment of the debts of the district, and\napportion the residue, if any, among the owners or possessors of taxable\nproperty in the district, in the ratio of their several

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§ 1520. Sale of property of dissolved district and disposition of\nproceeds. 1. When a district is divided into portions, which are\nannexed to other districts, its property shall be sold by the supervisor\nof the town or towns, within which its schoolhouse is situated, at\npublic auction after at least five days' notice.\n 2. Such notice shall be given by posting the same in three or more\npublic places of the town or towns in which the schoolhouse is situated\nand in one conspicuous place in the district so dissolved.\n 3. The supervisor, after deducting the expenses of the sale, shall\napply its proceeds to the payment of the debts of the district, and\napportion the residue, if any, among the owners or possessors of taxable\nproperty in the district, in the ratio of their several assessments on\nthe last corrected assessment-roll of the towns, and pay it over\naccordingly.\n