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New York · Through 2026-09-11

N.Y. Education Law § 493: Annual report of trustees

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Where this section sits in the code
  1. Education Law
  2. Title 1. General Provisions Article 1 Short Title and Definitions (§§
  3. Article 10-B. City of Yonkers Educational Construction Fund

§ 493. Annual report of trustees. The trustees of the fund shall

submit to the mayor, the board of education and the city council of the

city of Yonkers annually on or before February first, a full report of

its activities and operations through the thirtieth day of the preceding

September, including: (1) details as to projects in planning, projects

in the process of construction, acquisition, reconstruction,

rehabilitation or improvement, and projects completed; (2) the

performance record of the trustees in completing construction in

accordance with the desired completion dates and within the estimated

costs; (3) the architects, engineers and other private consultants

engaged by the trustees of the fund on a contract basis and a statement

of the total amount paid and yet to be paid, or estimated yet to be

paid, under each such contract; (4) the monies made available for the

purposes of the fund; (5) details as to any lease, sublease or agreement

executed by the trustees of the fund and the annual rentals to be paid

or received on account thereof; (6) its assets and liabilities at the

end of the fiscal year, including the status of reserve funds and other

funds and accounts; (7) a schedule of its bonds and notes outstanding at

the end of its fiscal year, together with the amounts redeemed and

incurred during such fiscal year, and such other information related to

the activities and operation of the fund as the trustees may consider

pertinent.

Collected 2026-09-14T19:32:44Z. Source file · JSON

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