§ 407-a. Authorization for dormitory authority financing of capital\nfacilities for special act school districts. 1. The legislature\ndeclares that it is in the interest of the state, the school districts\nand the children of the state to assure that special act school\ndistricts educating children with handicapping conditions pursuant to\ncontracts with public school districts or social services districts have\nsufficient facilities related to the education of such children. The\nlegislature finds that special act school districts providing such\neducation are in need of improved and additional facilities related to\nthe education of such children, and the means to finance the\nconstruction of such improvements and additional facilities. The\nlegislature, therefore, enacts the following provisions.\n 2. This section shall apply to special act school districts listed in\nchapter five hundred sixty-six of the laws of nineteen hundred\nsixty-seven, as amended, which contract with public school districts or\nsocial services districts for the education of children with\nhandicapping conditions pursuant to article eighty-one or eighty-nine of\nthis chapter.\n 3. Such special act school districts may enter into leases, subleases\nor other agreements with the dormitory authority pursuant to title four\nof article eight of the public authorities law for the financing of the\ndesign, construction, reconstruction, rehabilitation, improvement,\nrenovation or otherwise providing for, furnishing or equipping of\ncapital facilities which are educational facilities where the total\nestimated cost of such facilities exceeds ten thousand dollars. The\nplans and specifications of such capital facilities shall be subject to\nthe approval of the commissioner with respect to educational facilities.\nSuch capital facilities may be constructed only on land owned by such\nspecial act school district or, if the land is leased, where the lease\nis for a period at least equal to the appropriate period of probable\nusefulness for such facilities as listed in section 11.00 of the local\nfinance law, or the length of the lease, sublease or other agreement\nwith the dormitory authority, whichever is longer.\n 4. Each such special act school district shall, notwithstanding any\nother provision of law, have the power to convey, lease, sublease or\notherwise make available to the dormitory authority without\nconsideration, title or any other rights in real property satisfactory\nto the dormitory authority.\n 5. In addition to providing for all other matters deemed necessary and\nproper, such leases, subleases and other agreements shall (a) require\nsuch special act school district to pay to the dormitory authority\nannual rentals which shall include the amount required to pay the\nprincipal of and interest on obligations of the dormitory authority\nissued in relation to providing such facilities and all incidental\nexpenses of the dormitory authority incurred in relation thereto, (b)\nrequire the special act school district to include an amount sufficient\nto meet its obligations under the lease, sublease or other agreement in\neach proposed budget submitted during the term of the lease, sublease or\nother agreement and (c) include a provision that such agreement shall\nnot be effective unless and until it is approved by the commissioner\nwith respect to educational facilities.\n 6. Title or other real property rights to the capital facilities\nfinanced pursuant to this section shall remain with the dormitory\nauthority until the dormitory authority certifies to the commissioner\nwith respect to educational facilities and the comptroller the receipt\nby it of the amount necessary to pay the total aggregate amount of\nannual rentals to the dormitory authority. At such time, title or other\nreal property rights thereto shall be transferred by the dormitory\nauthority to such special act school district for use for educational\npurposes. In order to avail
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