N.Y. Education Law Section 2579
Payment of obligations


1.

If a city shall issue obligations for any of the purposes enumerated in paragraph c of subdivision one of § 2576 (Annual estimate)section twenty-five hundred seventy-six of this chapter, the principal and interest of such obligations shall be paid out of moneys raised by tax therefor in the same manner as other school moneys are raised, when such obligations and the interest thereon shall become due and payable.

2.

If a city having a population of four hundred thousand or more but less than one million shall issue obligations to defray, in whole or in part, the expense of the construction, improvement and equipment of school buildings or the purchase or acquisition of school sites, the proceeds of the sale of such bonds shall be paid into the treasury of the city and placed to the credit of the board of education. As such obligations become due the municipal authorities of the city shall include in the tax levy, and assess upon the property of the city, the amount necessary to pay such bonds and interest thereon.

3.

In a city having a population of one million or more, such city may in its discretion annually cause to be raised such sums of money as may be required for the purposes enumerated in paragraph c of subdivision one of § 2576 (Annual estimate)section twenty-five hundred seventy-six of this article, in the manner provided by law for the raising of money for such purposes.

Source: Section 2579 — Payment of obligations, https://www.­nysenate.­gov/legislation/laws/EDN/2579 (updated Sep. 22, 2014; accessed Dec. 21, 2024).

2550
Application of article
2551
Board of education corporate body
2552
Board of education
2553
Board of education
2554
Powers and duties of board of education
2554‑A
Powers of boards of education to ban fraternities, sororities and other secret societies
2554‑B
Special provisions relating to the city school district of the city of New York during emergency period
2554‑C
Identification photos of senior high school, junior high school or intermediate school students in the city school district of the city o...
2555
Kindergartens, nursery and night schools
2556
Buildings, sites, et cetera
2557
Purchase and sale of real property
2559
Power of removal of member of board of education
2560
Liability of board of education and community school boards in a city having a population of one million or more inhabitants
2561
Liability of certain officers and employees of boards of education in a city having a population of one million or more inhabitants
2562
Presentation of claims against a board of education of a city having a population of four hundred thousand or more to be pleaded
2563
Meetings of board of education
2564
Local school board districts
2565
Superintendent of schools, associate superintendents, board of superintendents
2566
Powers and duties of superintendent of schools
2567
Protection of rights exercised under licenses issued by a board of education in a city having a population of one million or more
2568
Superintendent of schools authorized to require medical examination of certain employees of certain boards of education
2569
Appointment of teachers
2573
Appointment of assistant, district or other superintendents, teachers and other employees
2574
Assistant superintendents in a city having a population of one million or more
2575
Retirement of employees of board of education
2575‑A
Transfer of certain board of education administrative employees’ to school clerical services of the board of education of the city of New...
2575‑B
Transfer of attendance teachers and specially certificated attendance officers to the New York City teachers’ retirement system
2575‑C
Transfer of the director of attendance, assistant director of attendance, chief attendance officer, division supervising attendance offic...
2575‑D
Payment of benefits by board of education retirement system of the city of New York in cases where workmen’s compensation is or may be pa...
2575‑E
Eligibility of retirees for membership in the board of education retirement system of the city of New York
2575‑F
Transfer of employees represented by the united federation of teachers to the New York city teachers’ retirement system
2576
Annual estimate
2577
Annual financial report
2579
Payment of obligations
2580
Funds
2581
Certain corporate schools entitled to participate in funds of board of education of city of New York
2582
Trustees of corporate schools entitled to participate in funds of the board of education of the city of New York may convey to city of Ne...
2583
Certain schools to report as to moneys and attendance
2584
Bonds of employees
2585
Continuation in office of boards, bureaus, teachers, principals and other employees, et cetera
2586
Anniversary day as a holiday for pupils in the public schools of the borough of Brooklyn and in the borough of Queens, city of New York
2586‑A
Diwali as a holiday in the public schools of the city of New York
2587
Tenure in fashion institute of technology
2588
Seniority, retention and displacement rights in connection with abolition of positions in city school districts of cities having more tha...

Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 2579’s source at nysenate​.gov

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