New York § 403 Application of proceeds of sale

New York Statutes

§ 403 — Application of proceeds of sale

New York § 403

Law EDNEducation

Title 1General Provisions Article 1 Short Title and Definitions (§§

Art. 9School Buildings and Sites

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Bluebook

N.Y. Education § 403 (2026).

Text

  § 403. Application of proceeds of sale.  All moneys arising from any\nsale made in pursuance of the last preceding section, shall be applied\nto the expenses incurred in procuring a new site, and in removing or\nerecting thereon a schoolhouse, and improving and furnishing such site\nand building and their appurtenances, so far as such application shall\nbe necessary; and the surplus, if any, shall be devoted to the purchase\nof school apparatus and the support of the school, as the voters of the\ndistrict at any meeting shall direct.\n

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§ 403. Application of proceeds of sale. All moneys arising from any\nsale made in pursuance of the last preceding section, shall be applied\nto the expenses incurred in procuring a new site, and in removing or\nerecting thereon a schoolhouse, and improving and furnishing such site\nand building and their appurtenances, so far as such application shall\nbe necessary; and the surplus, if any, shall be devoted to the purchase\nof school apparatus and the support of the school, as the voters of the\ndistrict at any meeting shall direct.\n