2023 New York Laws › EDN - Education › Title 2 - School District Organization › Article 35 - Union Free School Districts › 1719 - Deposit, Custody and Payment of Moneys in Villages.

§ 1719. Deposit,  custody  and  payment  of moneys in villages. 1. All
  moneys raised for the support  of  schools  in  any  union  free  school
  district  whose  boundaries  are  coterminous  with the boundaries of an
  incorporated village  or  apportioned  to  the  same  by  the  education
  department or otherwise, shall be paid into the treasury of such village
  to  the  credit  of  the  board  of  education therein; and the funds so
  received into such treasury shall be kept separate and distinct from any
  other funds received into the said treasury. And the officer having  the
  charge  thereof shall give such additional security for the safe custody
  thereof as the corporate authorities of such village shall require.  The
  board  of  education  in any such union free school district may, in its
  discretion, fix the compensation to be paid to  the  treasurer  of  such
  village  for  the  services  imposed  upon him by this section, and such
  compensation, as so fixed, shall be paid from such moneys.
2. No money shall be drawn from such funds, credited  to  a  board  of
  education,  unless  in  pursuance  of a resolution of said board, and on
  voucher-order checks signed by the treasurer, payable to  the  order  of
  the  persons  entitled  to receive such money, and stating on their face
  the purpose or service for which such moneys have been authorized to  be
  paid  by  the said board of education. The board of education may in its
  discretion require that such checks be countersigned by another  officer
  of  such  district.  When  authorized  by  resolution  of  the  board of
  education such checks may be signed with the facsimile signature of  the
  treasurer  and  other  district  officer whose signature is required, as
  reproduced by a machine or device commonly known as  a  checksigner.  No
  resolution  of  the  board of education, however, shall be necessary for
  the payment of compensation for  services  of  an  officer  or  employee
  engaged  at  agreed wages by the hour, day, week, month or year when the
  name of such officer or employee appears upon a duly certified  payroll,
  or  of  the principal of or interest on indebtedness of the district. By
  resolution duly adopted,  the  board  may  determine  to  enter  into  a
  contract  to  provide  for  the  deposit  of the periodic payroll of the
  school district in a bank or  trust  company  for  disbursal  by  it  in
  accordance with provisions of section ninety-six-b of the banking law.
3.  When obligations are issued and sold pursuant to the local finance
  law by a union free school district whose boundaries are the same as the
  boundaries of an incorporated village, the proceeds of the sale of  such
  obligations  shall  be  paid  into  the  treasury  of  said incorporated
  village, to the credit of the board of education.
4. So much of this section as relates to the deposit of moneys  raised
  for  the  support of schools in any union free school district shall not
  apply to the Bronxville union free school district.