NY Educ L § 402 (2021)
2021 New York Laws EDN - Education Title 1 - General Provisions Article 9 - School Buildings and Sites 402 - Sale of Former Schoolhouse or Site.

§ 402. Sale  of former schoolhouse or site.  1. Whenever the site of a   schoolhouse shall have been changed, as herein provided, and  after  the   value  of  such  property  has been appraised by the local assessor or a   qualified private real property appraiser, the inhabitants of a district   entitled to vote, lawfully assembled at any district meeting, shall have   power, by a majority of the votes of those present and voting, to direct   the sale of the former site  or  lot,  and  the  buildings  thereon  and   appurtenances  or any part thereof, at such price and upon such terms as   they shall deem proper; and any deed duly executed by  the  trustees  of   such  district,  or  a majority of them, in pursuance of such direction,   shall be valid and effectual to pass all the estate or interest of  such   school district in the premises.2.  Whenever  the education of all the children of any school district   shall have been provided outside the district for a period of two years,   or more, pursuant  to  the  provisions  of  article  forty-one  of  this   chapter,  and  the  site  of  the  schoolhouse or other grounds used for   school purposes shall have been unused for a like period, and after  the   value  of  such  property  has been appraised by the local assessor or a   qualified private real property appraiser, the inhabitants of a district   entitled to vote, shall have the power, by a majority of  the  votes  of   those  present  and  voting, to determine that such site or grounds, and   buildings thereon, are of no further use to the district and  to  direct   the  sale  thereof, subject to the approval of the commissioner, at such   price and upon such terms as they shall deem proper; and any  deed  duly   executed  by  the  trustees  of such district, or a majority of them, in   pursuance of such direction, shall be valid and effective  to  pass  all   the estate or interest of such school district in the premises. Prior to   the  sale  of  school buildings and site or grounds, as provided by this   subdivision, the board of education or the trustees, having jurisdiction   thereof, may lease such school buildings and site  or  grounds,  or  any   part  thereof, for residential purposes for periods not in excess of one   year. Rentals therefor shall be in such  amounts  and  payable  at  such   times as the board shall determine.Prior  to such sale such board of education or trustees may lease such   school buildings and site or grounds, or any part thereof,  as  provided   in section four hundred three-a of this chapter.3.  When a credit shall be directed to be given upon such sale for the   consideration money, or  any  part  thereof,  the  trustees  are  hereby   authorized  to  take  in  their corporate name such security by bond and   mortgage, or otherwise, for the payment  thereof,  as  they  shall  deem   best,  and shall hold the same as a corporation, and account therefor to   their successors in office and to the district, in the manner  they  are   now  required  by  law  to  account for moneys received by them; and the   trustees of any such district and their successors may, in the  name  of   their  office,  sue  for  and recover the moneys due and unpaid upon any   security so taken by them or their predecessors.