{"data":{"id":"us-ny/n.y.-education-law-403","jurisdiction":"us-ny","citation":"N.Y. Education Law § 403","heading":"Application of proceeds of sale","body":"§ 403. Application of proceeds of sale.  All moneys arising from any\nsale made in pursuance of the last preceding section, shall be applied\nto the expenses incurred in procuring a new site, and in removing or\nerecting thereon a schoolhouse, and improving and furnishing such site\nand building and their appurtenances, so far as such application shall\nbe necessary; and the surplus, if any, shall be devoted to the purchase\nof school apparatus and the support of the school, as the voters of the\ndistrict at any meeting shall direct.","path":["Education Law","Title 1. General Provisions Article 1 Short Title and Definitions (§§","Article 9. School Buildings and Sites"],"source_url":"https://legislation.nysenate.gov/api/3/laws/EDN/403","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"2c516edfad5bdd100e12765b5bb58d3c04b9bd9dcd7a63484b99d94e13d35137","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-education-law-402-a","next":"us-ny/n.y.-education-law-403-a"},"notice":"GroundRules: Original legal text. Not legal advice."}