N.Y. Education Law § 1720: Moneys and accounts in union free school districts

§ 1720. Moneys and accounts in union free school districts. 1. All

moneys raised in a union free school district or apportioned thereto by

the education department or otherwise, shall be paid to the treasurer of

the district entitled to receive the same, and be applied to the uses of

the district and the board shall annually render their accounts of all

moneys received and expended by them for the use of said schools.

2. No money shall be drawn from such funds in possession of such

treasurer, unless in pursuance of a resolution of said board, and on

voucher-order checks signed by the treasurer, payable to the order of

the persons entitled to receive such money and stating on their face the

purpose or service for which said moneys have been authorized to be paid

by the said board of education. The board of education may in its

discretion require that such checks be countersigned by another officer

of such district. When authorized by resolution of the board of

education such checks may be signed with the facsimile signature of the

treasurer and other district officer whose signature is required, as

reproduced by a machine or device commonly known as a check-signer.

Such board may by resolution designate one of its members other than

said other officer whose signature is required or appoint a deputy

treasurer who shall serve at the discretion of the board, to sign such

checks in lieu of either the treasurer or other officer whose signature

is required, in case of their absence or inability, provided that any

board member or deputy treasurer so authorized shall, before acting in

the place and stead of the treasurer, execute and file an official

undertaking in an amount and in the manner required as to such treasurer

pursuant to the provisions of this chapter. No resolution of the board,

however, shall be necessary for the payment of compensation for services

of an officer or employee engaged at agreed wages by the hour, day,

week, month or year, where the name of such officer or employee appears

upon a duly certified payroll, or of the principal of or interest on

indebtedness of the district. By resolution duly adopted, the board may

determine to enter into a contract to provide for the deposit of the

periodic payroll of the school district in a bank or trust company for

disbursal by it in accordance with provisions of section ninety-six-b of

the banking law.