State Codes and Statutes

Statutes > New-york > Pbl > Article-4 > 59-a

§ 59-a. Disposition of proceeds.  The proceeds from a sale or grant of  such  lands shall be applied first to repay any expenditures made by the  office of general services from moneys appropriated to  said  office  in  the  first  instance for the administration, management, utilization and  disposal of real property of the  state  and  any  rights  or  interests  therein  and any balance of such moneys remaining after repayment of the  first instance  expenditures  shall  be  applied  to  the  cost  of  the  improvement  which  renders  such  lands  no  longer  necessary, and the  expenses incurred by the attorney general for searches  and  examination  of  the  title  to  such  lands  shall  be deemed an item of the cost of  improvement.  Any surplus from the sale of  abandoned  lands  above  the  cost  of the entire improvement shall be applied to the sinking fund for  the payment of the improvement bonds.

State Codes and Statutes

Statutes > New-york > Pbl > Article-4 > 59-a

§ 59-a. Disposition of proceeds.  The proceeds from a sale or grant of  such  lands shall be applied first to repay any expenditures made by the  office of general services from moneys appropriated to  said  office  in  the  first  instance for the administration, management, utilization and  disposal of real property of the  state  and  any  rights  or  interests  therein  and any balance of such moneys remaining after repayment of the  first instance  expenditures  shall  be  applied  to  the  cost  of  the  improvement  which  renders  such  lands  no  longer  necessary, and the  expenses incurred by the attorney general for searches  and  examination  of  the  title  to  such  lands  shall  be deemed an item of the cost of  improvement.  Any surplus from the sale of  abandoned  lands  above  the  cost  of the entire improvement shall be applied to the sinking fund for  the payment of the improvement bonds.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pbl > Article-4 > 59-a

§ 59-a. Disposition of proceeds.  The proceeds from a sale or grant of  such  lands shall be applied first to repay any expenditures made by the  office of general services from moneys appropriated to  said  office  in  the  first  instance for the administration, management, utilization and  disposal of real property of the  state  and  any  rights  or  interests  therein  and any balance of such moneys remaining after repayment of the  first instance  expenditures  shall  be  applied  to  the  cost  of  the  improvement  which  renders  such  lands  no  longer  necessary, and the  expenses incurred by the attorney general for searches  and  examination  of  the  title  to  such  lands  shall  be deemed an item of the cost of  improvement.  Any surplus from the sale of  abandoned  lands  above  the  cost  of the entire improvement shall be applied to the sinking fund for  the payment of the improvement bonds.