2006 New York Code - Limitation Upon Expenditures.

 
    § 1718. Limitation  upon expenditures.  1. No board of education shall
  incur a district liability in excess of the  amount  appropriated  by  a
  district  meeting  unless  such  board is specially authorized by law to
  incur such liability.
    2. Notwithstanding the provisions of subdivision one of this  section,
  grants  in  aid  received  from  the  state  and federal governments for
  specific  purposes,  other  state  grants  in  aid  identified  by   the
  commissioner  for  general  use  as specified by the board of education,
  other gifts which are required to be spent  for  particular  objects  or
  purposes  and insurance proceeds received for the loss, theft, damage or
  destruction of real or personal property, when proposed to  be  used  or
  applied  to  repair  or  replace  such  property, may be appropriated by
  resolution of the board of education at any time  for  such  objects  or
  purposes.