(2) Any special school deficit program agreement entered into pursuant to subdivision one of this section shall provide that the obligations thereunder to fund or pay the amounts therein provided for shall not constitute a debt of the state or such special school deficit program district within the meaning of any constitutional or statutory provision and shall be deemed executory only to the extent of moneys available and that no liability shall be incurred by the state or such special school deficit program district beyond the moneys available for the purpose, and that such obligation is subject to annual appropriation by the board of education of such special school deficit program district.
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