N.Y. EDN Law § 403
This is the official text of N.Y. EDN Law § 403, part of New York’s EDN Law — part of the compiled statutory law of New York, published by the state as "EDN Law." Browse the sections below, each linked to its official government source.
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Application of proceeds of sale
Official statutory 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
Status: in_force · Read it on the official government site
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