N.Y. Education Law Section 1520
Sale of property of dissolved district and disposition of proceeds

1.

When a district is divided into portions, which are annexed to other districts, its property shall be sold by the supervisor of the town or towns, within which its schoolhouse is situated, at public auction after at least five days’ notice.

2.

Such notice shall be given by posting the same in three or more public places of the town or towns in which the schoolhouse is situated and in one conspicuous place in the district so dissolved.

3.

The supervisor, after deducting the expenses of the sale, shall apply its proceeds to the payment of the debts of the district, and apportion the residue, if any, among the owners or possessors of taxable property in the district, in the ratio of their several assessments on the last corrected assessment-roll of the towns, and pay it over accordingly.

Source: Section 1520 — Sale of property of dissolved district and disposition of proceeds, https://www.­nysenate.­gov/legislation/laws/EDN/1520 (updated Sep. 22, 2014; accessed Dec. 21, 2024).

1501
Existing school districts continued 1501‑A
Publication of minutes 1501‑B
Additional power of boards of education 1501‑C
Voting by residents of certain facilities 1502
Passengers on school buses 1502‑A
Power to provide for observance of Memorial day 1503
Application of funds obtained from sale of school property 1504
Formation of new district 1505
Dissolution, reformation and construction of districts 1505‑A
Teachers’ rights as a result of the dissolution of a school district 1506
Filing of certain orders of district superintendent 1507
Alteration by consent 1508
Alteration without consent 1509
Hearing of objections to order for alteration without consent 1510
Consolidation of districts by vote of qualified electors 1511
Request for meeting to consolidate districts 1512
Proceedings at meeting for consolidation 1513
Order creating consolidated district 1514
Property of districts consolidated 1515
Dissolution or alteration of joint district 1516
Special meeting of joint district to act regarding alteration or dissolution 1517
Indebtedness of certain dissolved districts 1518
Continuance of dissolved districts for payment of debts 1519
Deposit of records of dissolved district 1520
Sale of property of dissolved district and disposition of proceeds 1521
Collection and distribution of moneys due dissolved district 1522
Notice of meeting for establishment of union free school district 1523
Proceedings at meeting and effect of affirmative vote 1524
Consolidation with city school district 1525
Alteration of boundaries of city school district 1526
Enlarged city school districts 1527
Payroll deductions for deposit to employee bank accounts 1527‑A
Prohibit symbols of hate 1527‑C
Shared superintendent program
Green check means up to date. Up to date

Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 1520’s source at nysenate​.gov

Link Style