§ 1725-a. Powers of boards of education; instructional equipment.
Notwithstanding any inconsistent provision of law, the board of
education of any school district is hereby authorized and empowered to
enter into agreements for the lease-purchase of instructional equipment,
with the payments to be applied against the purchase price of the
equipment. The term "instructional equipment" shall be defined in
regulations by the commissioner. Any such lease-purchase agreements
shall have the prior written approval of the commissioner before
execution. Such agreements shall be subject to the bidding requirements
of the general municipal law.