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 Jun. 15, 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

Accessed:
Jun. 15, 2024

Last modified:
Sep. 22, 2014

§ 1520’s source at nysenate​.gov

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