N.Y. Education Law § 1725: Lease of personal property

§ 1725. Lease of personal property. 1. Notwithstanding any incon-

sistent provision of law, a board of education of any union free school

district may enter into agreements for the lease of personal property.

2. Before executing any such agreement, the board of education must

adopt a resolution determining that such agreement is in the best

financial interests of the school district and stating the bases of that

determination.

3. No agreement for the lease of personal property shall be for a term

of more than the current school year unless such agreement shall be

approved by the voters of the district, either as a separate proposition

or as an appropriation with indication that a lease is intended or

possible, or unless the board of education shall have determined that

such lease of property is an ordinary contingent expense.

4. Such agreements shall be subject to the bidding requirements of the

general municipal law for purchase contracts.