N.Y. Comp. Codes R. & Regs. tit. 8 § 155.11

Current through Register Vol. 46, No. 43, October 23, 2024

Section 155.11 - Acquisition of existing buildings

(a) Any existing school building or school buildings shall be appraised as school buildings, and the land on which they are situated shall be appraised as school sites by the State Board of Equalization and Assessment.

(b) The value of any existing building not used for school purposes shall be determined by referring to the assessment roll or rolls on which the property is located or by an appraisal caused to be made by the board of education.

(c) An estimate shall be made of the cost of any necessary renovation due to the age and condition of the building by an engineer or architect licensed to practice in the State of New York and retained by the school district contemplating the purchase of an existing building.

(d) The combined costs of acquisition and renovation due to the age and condition of the building shall not exceed the cost, estimated by an engineer or architect licensed to practice in the State of New York, to construct a new building having comparable features on a comparable site. Any apportionment for the above acquisition and renovation shall be based on the maximum cost allowance determined in accordance with the provisions of subdivision 6 of section 3602 of the Education Law.

(e) Any proposed renovation of such existing structure shall be undertaken only with the prior approval of the Commissioner of Education and shall comply with applicable provisions of sections 155.1 and 155.3 of this Part.

N.Y. Comp. Codes R. & Regs. Tit. 8 § 155.11