§ 417. Allocation of moneys by regents for extraordinary relief to
school districts. The regents may allocate moneys, out of any sums
appropriated for such purpose, to school districts of the state for the
repair, reconstruction or replacement of buildings or equipment from
time to time damaged or destroyed by an act of God, against which
insurance could not reasonably have been provided, where in the light of
all the facts the regents are satisfied that such aid is necessary to
prevent an unreasonable burden on the taxpayers within such districts.