This text of New York § 2523 (Moneys; custody and disbursement) 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.
§ 2523. Moneys; custody and disbursement.
1.The treasurer of each\ncity school district shall demand, collect, receive and have the care\nand custody of moneys belonging to or due the district from every\nsource. On the business day next following the day of their receipt the\ntreasurer shall deposit in his name, as treasurer of the city school\ndistrict, all such moneys in or with such banks or trust companies as\nshall have been designated as depositaries of the moneys of such\ndistrict. Where the board of education with the written consent of the\ncity authorities, has appointed a city officer as city school district\ntreasurer, such treasurer may not commingle school district funds with\ncity funds.\n 2. Such moneys shall be disbursed only on the signature of such\ntreasurer by che
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§ 2523. Moneys; custody and disbursement. 1. The treasurer of each\ncity school district shall demand, collect, receive and have the care\nand custody of moneys belonging to or due the district from every\nsource. On the business day next following the day of their receipt the\ntreasurer shall deposit in his name, as treasurer of the city school\ndistrict, all such moneys in or with such banks or trust companies as\nshall have been designated as depositaries of the moneys of such\ndistrict. Where the board of education with the written consent of the\ncity authorities, has appointed a city officer as city school district\ntreasurer, such treasurer may not commingle school district funds with\ncity funds.\n 2. Such moneys shall be disbursed only on the signature of such\ntreasurer by checks payable to the person or persons entitled thereto.\nThe board of education may in its discretion require that such\nchecks-other than checks for salary, be countersigned by another\nofficer of such district. When authorized by resolution of the board of\neducation such checks may be signed with the facsimile signature of the\ntreasurer and other district officer whose signature is required, as\nreproduced by a machine or device commonly known as a check-signer. Each\ncheck drawn by the treasurer shall state the fund against which it is\ndrawn. No fund shall be overdrawn nor shall any check be drawn upon one\nfund to pay a claim chargeable to another. No money shall be paid out by\nthe treasurer except upon the warrant of the clerk of the board of\neducation after audit and allowance by such board, or if a claims\nauditor shall have been appointed, except upon the warrant of such\nclaims auditor after audit and allowance thereof; provided, however,\nwhen provision for payment has been made in the annual budget the\ntreasurer may pay, without such warrant or prior audit and allowance,\n(a) the principal of and interest on bonds, notes or other evidences of\nindebtedness of the district or for the payment of which the district\nshall be liable, and (b) compensation for services of officers or\nemployees engaged at agreed wages by the hour, day, week, month or year\nupon presentation of a duly certified payroll. By resolution duly\nadopted, the board may determine to enter into a contract to provide for\nthe deposit of the periodic payroll of the school district in a bank or\ntrust company for disbursal by it in accordance with provisions of\nsection ninety-six-b of the banking law.\n