New York Statutes
§ 403 — Application of proceeds of sale
New York·Law EDN Education·Title 1 General Provisions Article 1 Short Title and Definitions (§§·Art. 9 School Buildings and Sites
§ 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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65 F. Supp. 2d 148 (S.D. New York, 1999)
Yeshiva Spring Valley Inc. v. Board of Education of the East Ramapo Central School District
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Opn. No.
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Nearby Sections
15
§ 4001
Definitions§ 4002
Educational services§ 4004
Financial responsibility§ 403-A
Leasing of school property