Statute · New York Education Law
N.Y. Educ. Law § 403 — Application of proceeds of sale
N.Y. Educ. Law § 403
- Type
- Statute
- Source
- New York Education Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 403. Application of proceeds of sale. All moneys arising from any sale made in pursuance of the last preceding section, shall be applied to the expenses incurred in procuring a new site, and in removing or erecting thereon a schoolhouse, and improving and furnishing such site and building and…
Citator
N.Y. Educ. Law § 403 — Application of proceeds of sale is in force in the current edition of the Code, and nothing recorded condemns it.
§ 403. Application of proceeds of sale. All moneys arising from any sale made in pursuance of the last preceding section, shall be applied to the expenses incurred in procuring a new site, and in removing or erecting thereon a schoolhouse, and improving and furnishing such site and building and their appurtenances, so far as such application shall be necessary; and the surplus, if any, shall be devoted to the purchase of school apparatus and the support of the school, as the voters of the district at any meeting shall direct.