N.Y. Education Law § 1805: Powers of central school district; officers of component districts; transition state aid

§ 1805. Powers of central school district; officers of component

districts; transition state aid. All central school districts shall

have the same powers and be subject to the same limitations that are now

conferred or imposed by law upon union free school districts as provided

by this chapter. The district officers of the several existing

districts shall remain in office until August first next following

organization of such central school district for the purpose of

conducting and maintaining school in the several districts, the carrying

out of contracts in force at the time of the organization of such

central school district, of paying all just debts and obligations of

such existing districts due and payable on or prior to said August

first, and of levying and collecting taxes raised or necessary to be

raised for any of said purposes. For the purposes of the apportionment

and payment of public moneys, notwithstanding any other provisions of

this article, any apportionments and payments made during the school

year in which such central school district was organized shall be

apportioned and credited to the existing districts. Any apportionments

made and paid during the school year next succeeding the date of the

organization of such central school district shall be made and credited

to the central school district but the amounts thereof shall be

determined upon the basis of the continuance of the existing districts

as separate districts during the entire school year in which such

central school district was organized.