ยง 423. Grants; raising and paying over of local funds. 1. The office,
with the approval of the governor, may accept as agent of the state any
gift or grant for any of the purposes of this article. Any moneys so
received may be expended by the office to effectuate any of the purposes
of this article, subject to the same limitations as to approval of
project, approval of expenditures and audit as are prescribed for state
moneys appropriated for the purposes of this article.
2. A board of education, board of trustees or trustee of a school
district may raise, appropriate and pay over to a municipality in which
it is in whole or in part located moneys to be expended by such
municipality for any purpose authorized by this article. Such a
municipality may accept and expend moneys so received only for such
purpose. Moneys so appropriated and paid over by a school district shall
not be included in computing the amount that should be apportioned to
such school district pursuant to article seventy-three of the education
law.