§ 1909. State aid. 1. Public moneys shall be apportioned to such
central high school district on account of the central high school
maintained therein, in the same amount and under the same conditions as
in the case of apportionments to union free school districts on account
of secondary instruction given in the public schools of such districts,
under the provisions of this chapter. There shall be apportioned to such
central high school district the amounts allowed by section two thousand
forty-five of this chapter for the instruction of non-resident academic
pupils, on account of pupils attending the high school in such central
high school district from a district or districts included in such
central high school district not maintaining an academic department at
the time of the establishment of such district.

2. Any state aid representing tax savings duly provided by a component
school district of the central high school district pursuant to section
thirteen hundred six-a of the real property tax law for taxes levied to
fund expenditures of the central high school district shall be claimed
by such component school district pursuant to subdivision three of
section thirteen hundred six-a of the real property tax law, and any
resulting payment of state aid to the component school district based on
such tax savings shall be paid by the component school district, within
ten days after receipt of such payment, over to the treasurer of such
central high school district in an amount equal to the product of the
total payment received by such component school district for all tax
savings provided pursuant to section thirteen hundred six-a of the real
property tax law multiplied by the quotient of the tax savings provided
for taxes levied to fund expenditures of the central high school
district divided by the total tax savings duly provided by such
component school district pursuant to section thirteen hundred six-a of
the real property law.