reglab/statecodes huggingface dataset:
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3314 | Community Schools › Section 3314.50 | Community School; Bond.

Effective:
October 3, 2023
Latest Legislation:
House Bill 33 - 135th General Assembly
No community school shall initiate operation unless the governing authority of the school has posted a bond in the amount of fifty thousand dollars with the auditor of state. The bond or cash guarantee shall be used, in the event the school closes, to pay the auditor of state any moneys owed or that become owed by the school for the costs of audits conducted by the auditor of state or a public accountant under Chapter 117. of the Revised Code.
The department of education and workforce shall notify the auditor of state of the proposed initiation of operations of any community school and shall provide the auditor of state with the certification of the sponsor of the community school of the compliance by the community school with all legal preconditions to the initiation of its operations, including compliance with this section.
In lieu of the bond, the school's sponsor or an operator that has a contract with the school may provide a written guarantee of payment, which shall obligate the school's sponsor or the operator that provides the written guarantee to pay the cost of audits of the school under this section up to the amount of fifty thousand dollars. Any such written guarantee shall be binding upon any successor entity that enters into a contract to sponsor or to operate the school, and any such entity, as a condition of its undertaking shall acknowledge and accept such obligation.
In the event that a sponsor or operator has provided a written guarantee under this section, and, subsequent to the provision of the guarantee, the governing authority of the school posts a bond under this section, the written guarantee shall cease to be of further effect.
The auditor of state shall notify the department when the school's governing authority has filed the bond or submitted a written guarantee of payment.
When the auditor of state conducts an audit of a community school that has closed and is subject to the requirements of this section, the auditor of state shall certify the amount of forfeiture to the attorney general, who shall assess the bond for the costs of the audit to reimburse the auditor of state or public accountant for costs incurred in conducting audits of the school.
To the extent that the amount of the bond is not needed to cover audit costs, the bond shall be of no further effect. When the auditor of state conducts an audit of a community school that has closed and is subject to the requirements of this section, and, as to which, a written guarantee has been given under this section, the entity that provided the guarantee shall be solely and fully liable for any such audit costs, and shall promptly pay the costs of the audit up to fifty thousand dollars.
No community school that is subject to the provisions of this section shall maintain or continue its operations absent the ongoing provision of a bond or a written guarantee as required by this section.
Last updated August 21, 2023 at 10:53 AM
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3314 | Community Schools › Section 3314.99 | Penalty.

Effective:
October 6, 2009
Latest Legislation:
Senate Bill 79 - 128th General Assembly
(A) Whoever violates division (F) of section 3314.40 of the Revised Code shall be punished as follows:
(1) Except as otherwise provided in division (A)(2) of this section, the person is guilty of a misdemeanor of the fourth degree.
(2) The person is guilty of a misdemeanor of the first degree if both of the following conditions apply:
(a) The employee who is the subject of the report that the person fails to submit was required to be reported for the commission or alleged commission of an act or offense involving the infliction on a child of any physical or mental wound, injury, disability, or condition of a nature that constitutes abuse or neglect of the child;
(b) During the period between the violation of division (F) of section 3314.40 of the Revised Code and the conviction of or plea of guilty by the person for that violation, the employee who is the subject of the report that the person fails to submit inflicts on any child attending a school district, educational service center, public or nonpublic school, or county board of developmental disabilities where the employee works any physical or mental wound, injury, disability, or condition of a nature that constitutes abuse or neglect of the child.
(B) Whoever violates division (B) of section 3314.403 of the Revised Code is guilty of a misdemeanor of the first degree.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.01 | Crediting of Investment Earnings.

Effective:
June 30, 2011
Latest Legislation:
House Bill 153 - 129th General Assembly
(A) Except as provided in division (B) of this section and notwithstanding sections 3315.12 and 3315.14 of the Revised Code, the board of education of any school district may adopt a resolution requiring the treasurer of the district to credit the earnings made on the investment of the principal of the moneys specified in the resolution to the fund from which the earnings arose or any other fund of the district as the board specifies in its resolution.
(B) This section does not apply to the earnings made on the investment of the bond retirement fund, the sinking fund, a project construction fund established pursuant to sections 3318.01 to 3318.20 of the Revised Code, or the payments received by school districts pursuant to division (E) of section 3317.024 of the Revised Code.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.02 | Board to Provide Funds - Control - Purpose - Commissioners of Sinking Fund.

Effective:
October 1, 1953
Latest Legislation:
Senate Bill 361 - 100th General Assembly
The board of education of every district shall provide by a tax levy for the payment of the annual interest on its bonded indebtedness, for the payment of its serial bonds as they mature, and for a sinking fund for the extinguishment of its other bonded indebtedness, which funds shall be managed and controlled by a board of commissioners designated as the "board of commissioners of the sinking fund of ______________", inserting the name of the district, which shall be composed of five electors thereof, and be appointed by the court of common pleas of the county in which such district is chiefly located, except that, in city districts the board of commissioners of the sinking fund of the city may be the board of sinking fund commissioners of the school district. The members of the board of commissioners of the sinking fund shall serve without compensation and give such bond as the board of education requires and approves. Any surety company authorized to sign such bonds may be accepted by such board of education as surety. The cost thereof, together with all necessary expenses of the board of commissioners of the sinking fund, shall be paid by it out of the funds under its control.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.03 | Investment of Sinking Fund.

Effective:
October 1, 1953
Latest Legislation:
House Bill 1 - 100th General Assembly
The board of commissioners of the sinking fund shall invest that fund in bonds of the United States, of Ohio, of any municipal corporation, county, township, or school district of any state, or in bonds of its own issue. All interest received from such investments shall be deposited as other funds of such sinking fund, and reinvested in like manner. For the extinguishment of any bonded indebtedness included in such fund, the board may sell or use any of the securities or money of such fund.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.04 | Report of Commissioners of Sinking Fund.

Effective:
October 1, 1953
Latest Legislation:
House Bill 1 - 100th General Assembly
The board of commissioners of the sinking fund shall make an annual report to the board of education giving a detailed statement of the sinking fund for each year ending with the thirty-first day of December.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.05 | Payment of Bonds and Interest.

Effective:
October 1, 1953
Latest Legislation:
House Bill 1 - 100th General Assembly
The board of education shall appropriate to the use of the sinking fund any taxes levied for the payment of interest on its bonded indebtedness, together with the sum provided for in section 3315.02 of the Revised Code. Sums so appropriated shall be applied to no other purpose than the payment of such bonds, interest thereon, and necessary expenses of the board of commissioners of the sinking fund.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.06 | Governing Board of Service Center - Powers and Duties.

Effective:
September 29, 1995
Latest Legislation:
House Bill 117 - 121st General Assembly
As used in this section "expenses" includes the cost of meals served to educational service center governing board members and members of the boards of local school districts within the territory of the service center at meetings of the governing board and meetings authorized by this section, if a resolution to that effect has been adopted by a majority of the members of the governing board.
The governing board of each service center may provide programs, examinations, school records, diplomas, and other necessary supplies and equipment for the use of the service center superintendent in furthering the instructional program of the service center. The governing board of each service center may pay the expenses of all educational meetings called by such governing board and may call and pay the expenses of conducting a meeting of the members of the boards of all local school districts within the territory of the service center at least once each year for the purpose of discussing the matters relating to the schools, for which each member shall be paid from the general fund of the local school district, the same compensation as authorized by section 3313.12 of the Revised Code. The governing board of each service center may allow the superintendent and assistant superintendent of schools a sum to be determined by the board for traveling expenses and may employ stenographers and clerks for such superintendent.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.061 | Funds for Studies and Surveys.

Effective:
August 9, 1963
Latest Legislation:
House Bill 99 - 105th General Assembly
The board of education of any school district may expend funds for the purpose of conducting, or entering into contracts for, studies or surveys pertaining to school district organization and building needs, curriculum and instructional needs, and needs for improved or additional services that may be rendered by such board. The board of education of any school district may publish reports prepared in connection with such activities.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.062 | Student Activity Programs - Accident Insurance or Self-Insurance for Athletic Programs.

Effective:
November 15, 1995
Latest Legislation:
House Bill 223 - 121st General Assembly
(A) The board of education of any school district may expend moneys from its general revenue fund for the operation of such student activity programs included in the program of each school district as authorized by its board of education. Such expenditure shall not exceed five-tenths of one per cent of the board's annual operating budget.
(B) If more than fifty dollars a year is received through a student activity program, the moneys from such program shall be paid into an activity fund established by the board of education of the school district. The board shall adopt regulations governing the establishment and maintenance of such fund, including a system of accounting to separate and verify each transaction and to show the sources from which the fund revenue is received, the amount collected from each source, and the amount expended for each purpose. Expenditures from the fund shall be subject to approval of the board.
(C) The board of education of any school district may purchase accident insurance for pupils participating in school athletic programs for which the school district is authorized to expend public money. The board also may, to the extent it considers necessary, establish a self-insurance plan for the protection of such pupils against loss or expense resulting from bodily injury or death by accident, or for the payment of any deductible under a policy of accident insurance procured pursuant to this division.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.08 | Salaries of Employees and Officers of Board of Education - Payroll Account - Deposits.

Effective:
September 29, 2015
Latest Legislation:
House Bill 64 - 131st General Assembly
In any school district the salaries of all employees and officers of the board of education and all payrolls may be paid in such manner as the board may authorize. To provide money for such payment if made in cash, the president and the treasurer of the board shall, upon receipt of the proper payroll and warrant, issue checks upon the depositories payable to the treasurer of the board for the aggregate amounts stated in such payrolls. The treasurer may thereupon make payments to employees and officers in cash, or the board may provide that the sums called for by such checks, instead of being paid to the treasurer, shall be transferred to special payroll accounts established in depositories by the board upon such terms with the respective banks as to interest upon daily cash balances in said special payroll accounts, and under such other conditions as the board prescribes. In the event such special payroll accounts are established by a board, such accounts may be drawn against by check of the treasurer of the board according to such procedure as the board may prescribe. In the event a board creates a payroll account, any bond given by the depository, under section 135.18, 135.181, or 135.182 of the Revised Code, shall also be for the protection of such special payroll account as may be deposited in said bank. The aggregate of all board deposits in a bank, including special payroll accounts as authorized in this section, must not exceed the aggregate of the bond given by the bank. The aggregate of all deposits in a bank, including special payroll accounts, shall be subject to sections 135.01 to 135.21 of the Revised Code.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.09 | Contracts for Special Instruction.

Effective:
September 29, 1995
Latest Legislation:
House Bill 117 - 121st General Assembly
The boards of education of any city, exempted village, local, or joint vocational school districts or the governing boards of educational service centers may enter into contracts for a term not exceeding one year, upon such terms as each board deems expedient, with each other, or with the trustees or other authorized officials of any college or university, legally organized, for the purpose of obtaining in such school district or educational service center instruction in the special, technical, professional, or other advanced studies which may be pursued in such college or university beyond the scope of the public high school. In like manner such boards may contract for a term, not exceeding one year, with each other or with a private corporation or association not for profit, maintaining and furnishing a museum of art, science, or history, or providing musical instruction, for the purpose of obtaining in such school district or educational service center such instruction or other educational services as can be rendered to the schools by such private corporation or association.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.091 | Contracts for Driver Education Instruction.

Effective:
October 11, 2002
Latest Legislation:
House Bill 407 - 124th General Assembly
The boards of education of any city, exempted village, local, or joint vocational school districts or the governing boards of educational service centers may enter into contracts for a term not exceeding one year, upon such terms as each board deems expedient, with each other, or with a private driver training school licensed under section 4508.03 of the Revised Code, for the purpose of providing instruction in driver education under section 3301.17 of the Revised Code.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.10 | Management and Control of Property Held in Trust for Educational Purposes.

Effective:
October 1, 1953
Latest Legislation:
House Bill 1 - 100th General Assembly
The custody, management, and administration of all estates or funds, given or transferred in trust to any municipal corporation for the promotion of education, and accepted by the council thereof, and any institution for the promotion of education so founded, other than a university, shall be committed to, and exercised by, the board of education of the school district including such municipal corporation. Such board shall be the representative and trustee of such municipal corporation in the management and control of such estates and funds so held in trust and in the administration of such institution, excepting funds and estates held by any municipal corporation which are used to maintain a university.
For the uses and purposes of such board in administering the trusts, the council of such municipal corporation annually may levy taxes on all the taxable property of such municipal corporation to the amount of three tenths of one mill on the dollar valuation thereof.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.11 | Replacement Fund - Purpose.

Effective:
October 1, 1953
Latest Legislation:
House Bill 1 - 100th General Assembly
The board of education of any city, exempted village, or local school district may establish and maintain a replacement fund, and for that purpose, set aside annually out of its revenue such sum as is necessary for said purpose. In case of total or partial destruction of any of the property of said board from any cause or in case, because of the unfitness of such property, it becomes necessary at any time to demolish the same in whole or in part, such replacement fund may be used to rebuild, on the original site or elsewhere, or to restore, repair, or improve the property so damaged, demolished, or destroyed and for said purposes the board may sell or use any of the securities or moneys of such replacement fund.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.12 | Investment of the Fund.

Effective:
October 1, 1953
Latest Legislation:
House Bill 1 - 100th General Assembly
The replacement fund provided for in section 3315.11 of the Revised Code may be invested in the same manner as is provided for the investment of the sinking fund of any school district having a bonded indebtedness, and all interest received from such investments, shall form a part of said fund and may be invested in like manner.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.13 | How Money Drawn From Fund.

Effective:
May 16, 1979
Latest Legislation:
House Bill 1 - 113th General Assembly
Money shall be drawn from the replacement fund by orders only, passed by a majority vote of the full membership of the board of education, signed by the president, or by the vice-president in his absence, and the treasurer. All securities or evidence of debt, held by said board as a part of the replacement fund, shall be deposited with safe deposit companies within the school district, or, if none exists, then in a place of safety to be indicated or furnished by the board, and when so deposited they shall be drawn only upon the application of such board and in the presence of three designated members of such board.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.14 | When Replacement Fund May Be Reduced, Disposed Of, or Expended.

Effective:
October 1, 1953
Latest Legislation:
House Bill 1 - 100th General Assembly
The replacement fund shall not be reduced, disposed of, or expended for purposes other than those specified in section 3315.11 of the Revised Code, except by a strict compliance with sections 5705.15 and 5705.16 of the Revised Code. Whenever the replacement fund reaches the maximum amount deemed necessary by the board of education for the purposes specified in section 3315.11 of the Revised Code, the interest received from investments of said fund may be used by the board for any authorized school purposes.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.15 | Service Fund Set Aside.

Effective:
November 21, 1997
Latest Legislation:
House Bill 269 - 122nd General Assembly
Any city, local, or exempted village board of education may by resolution set aside each year from the general fund a sum not to exceed two dollars for each child enrolled in the district, or twenty thousand dollars, whichever is greater. Any educational service center governing board may by resolution set aside each year from the educational service center fund a sum not to exceed twenty thousand dollars. The amount set aside shall be placed in a fund known as the "service fund," which shall be used only in paying the expenses of members of such boards of education and educational service center governing boards actually incurred in the performance of their duties, or in paying the expenses of members-to-be of such boards actually incurred in training and orientation to the performance of their duties from the date of election or appointment to the date of administration of the oath of office. Such payments shall be made only in such amount as may be approved by the board on statement of the several members or members-to-be furnished at the next succeeding regular meeting of such board. No board shall appropriate or expend a sum greater than sixty thousand dollars in any one school year from such service fund.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.17 | Computer Science and Technology Fund.

Effective:
March 23, 2018
Latest Legislation:
House Bill 170 - 132nd General Assembly
(A) The board of education of each city, local, exempted village, and joint vocational school district and the governing board of each educational service center may establish a computer science and technology fund to support computer science programs and professional development related to those programs operated by the district or service center. The fund may consist of district or service center moneys that legally may be used for that purpose and that are not otherwise designated for other purposes. It also may consist of private moneys donated to the district or service center or any future state moneys allocated to the district or service center for that purpose. The district or service center board may use any amount in the fund to leverage or match any additional private donations that may be made to the district or service center for that purpose.
(B) Moneys in the fund may be used for any of the following:
(1) Professional development related to computer science programs;
(2) The delivery of online assessments, including instruction and data that support online assessment readiness;
(3) Wireless connectivity in school buildings;
(4) Network services, such as improving bandwidth capacity and filtering devices;
(5) The purchase of computers, tablets, and equipment.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.181 | Sources of Revenue for Capital and Maintenance Fund.

Effective:
October 3, 2023
Latest Legislation:
House Bill 33 - 135th General Assembly
As used in this section, "securities" has the same meaning as in section 133.01 of the Revised Code.
Notwithstanding division (A) of section 3315.18 of the Revised Code, the board of education of a city, exempted village, local, or joint vocational school district, in meeting the amount required by that division to be deposited in the district's capital and maintenance fund, may replace general fund revenues with proceeds received from a permanent improvement levy authorized by section 5705.21 of the Revised Code only to the extent the proceeds are available to be used for the acquisition, replacement, enhancement, maintenance, or repair of permanent improvements as defined in section 5705.01 of the Revised Code. In addition, the board may replace general fund revenues with proceeds received from any of the following sources in meeting the amount required by that division to be deposited in the fund:
(A) Proceeds received from any securities whose use is limited to the acquisition, replacement, enhancement, maintenance, or repair of permanent improvements;
(B) Insurance proceeds received as a result of the damage to or theft or destruction of a permanent improvement to the extent a board of education places the proceeds in a separate fund for the acquisition, replacement, enhancement, maintenance, or repair of permanent improvements;
(C) Proceeds received from the sale of a permanent improvement to the extent the proceeds are paid into a separate fund for the construction or acquisition of permanent improvements;
(D) Proceeds received from a tax levy authorized by section 3318.06 of the Revised Code to the extent the proceeds are available to be used for the maintenance of capital facilities;
(E) Proceeds of certificates of participation issued as part of a lease-purchase agreement entered into under section 3313.375 of the Revised Code;
(F) Proceeds of any school district income tax levied under Chapter 5748. of the Revised Code for permanent improvements, to the extent the proceeds are available for the acquisition, replacement, enhancement, maintenance, or repair of permanent improvements;
(G) Any other revenue source identified by the auditor of state, in consultation with the department of education and workforce, in rules adopted by the auditor of state.
Last updated August 21, 2023 at 11:09 AM
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.19 | Board Electing to Comply With Former Provisions of Law Concerning Fund for Capital and Maintenance.

Effective:
July 1, 2011
Latest Legislation:
House Bill 30 - 129th General Assembly
Notwithstanding the provisions of section 3315.18 of the Revised Code as it exists after July 1, 2001, the board of education of any school district annually may elect to set aside funds for capital and maintenance in accordance with the provisions of that section as it existed prior to July 1, 2001, and the rules adopted under that section. Any district board making such an election under this section shall notify the auditor of state within ninety days after the beginning of the fiscal year whether the district intends to comply with the provisions of former section 3315.18 of the Revised Code. A school district making an election under this section shall not be required to comply, during the fiscal year of the election, with the provisions of section 3315.18 of the Revised Code as it exists after July 1, 2001.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.20 | Deficits in Special Funds.

Effective:
March 30, 2007
Latest Legislation:
House Bill 276 - 126th General Assembly
A school district may have a deficit in any special fund of the district only if both of the following conditions are satisfied:
(A) The district has a request for payment pending with the state sufficient to cover the amount of the deficit and there is a reasonable likelihood that the payment will be made.
(B) The unspent and unencumbered balance in the district's general fund is greater than the aggregate of deficit amounts in all of the district's special funds.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.29 | Payment When County Line Divides Township.

Effective:
October 1, 1953
Latest Legislation:
House Bill 1 - 100th General Assembly
If parts of an original surveyed township or fractional township are situated in two or more counties, the amount of interest on common school fund due to such township shall be paid in the manner provided in sections 3315.27 and 3315.28 of the Revised Code to the county treasurer of the county wherein the greatest relative portion of such township is situated. If it is uncertain in which county such portion is situated, the amount of interest due to such township shall be paid to the county treasurer of the oldest county in which any part of the township is situated.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.30 | Apportionment When County Line Divides an Original Surveyed Township.

Effective:
October 1, 1953
Latest Legislation:
House Bill 1 - 100th General Assembly
When an original surveyed township or fractional township is situated in two or more counties, and the land granted thereto by congress for the support of public schools has been sold, the county auditor of the county to whose treasurer the interest on the proceeds of such sale is paid must apportion such interest to the counties in which such township is situated in proportion to the youth of the township enumerated in each. Such auditor shall certify to the auditor of each of the other counties the amount so ascertained to belong to the part of the township situated in his county, and transmit to the county treasurer of each such county an order on the treasurer of his own county for such amount. The auditor of each county shall apportion the amount of such interest belonging to the part of the township in his county, to the districts or parts of districts entitled thereto as is provided for the apportionment of the state common school funds.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.31 | Duty of the County Auditor.

Effective:
October 1, 1953
Latest Legislation:
House Bill 1 - 100th General Assembly
The county auditor of each county shall collect all fines and other money for the support of common schools in his county, and pay them to the county treasurer. He also must inspect all accounts of interest accruing on account of lands reserved by congress in each township for school purposes, or other school lands, whether it is payable by the state or by the debtors; and take all proper measures to secure to each school district in his county the full amount of school funds to which it is entitled.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.34 | Promissory Note of Scholarship Fund Recipient - Renewal of Scholarship.

Effective:
October 3, 2023
Latest Legislation:
House Bill 33 - 135th General Assembly
Each person who receives a scholarship shall execute a promissory note which shall be endorsed by some responsible citizen, and shall deliver said note to the department of education and workforce or to its representative. Each such note shall be made payable to the treasurer of state for the amount of the quarterly or semi-annual payment, and shall bear interest at the rate of five per cent per annum from the date of the note. The department shall hold said note until it has been paid or cancelled as prescribed in section 3315.35 of the Revised Code.
Each person awarded a scholarship under the terms of sections 3315.33 to 3315.35 of the Revised Code shall be eligible upon the completion of satisfactory work during the first year, under rules and regulations promulgated by the department, to have the scholarship renewed for a period not to exceed one additional year.
Last updated August 21, 2023 at 4:54 PM
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.35 | Statement of Service - Cancelled and Uncancelled Notes.

Effective:
October 3, 2023
Latest Legislation:
House Bill 33 - 135th General Assembly
At the expiration of each school year of service as a teacher in the public schools of Ohio by a person who has benefited from a scholarship granted under sections 3315.33 to 3315.35 of the Revised Code, such person shall submit to the department of education and workforce a statement of service on a form provided for that purpose and certified by the superintendent of the school district in which the person has taught. Upon receipt of such statement in proper form, the board shall cancel the oldest notes given by such person covering the scholarship for one year and the interest accrued thereon. If for any reason a recipient of a scholarship ceases or, after licensure, fails to teach in the public schools of Ohio, except for death or total disability, or fails to file with the board by July first of each year a statement concerning the recipient's previous year's employment and address for the ensuing year, any and all unpaid or uncancelled notes and interest thereon shall become due and payable and the board shall transmit all such notes promptly to the treasurer of state and the treasurer of state shall enforce collection of the principal amount of any uncancelled or unpaid notes held by the treasurer of state and the interest thereon and shall deposit said sums so collected in the general revenue fund.
Last updated August 21, 2023 at 4:18 PM
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.37 | Teacher Education Loan Program.

Effective:
October 3, 2023
Latest Legislation:
House Bill 33 - 135th General Assembly
The board of education of a school district may establish a teacher education loan program and may expend school funds for the program. The program shall be for the purpose of making loans to students who are residents of the school district or graduates of schools in the school district, who are enrolled in teacher preparation programs at institutions approved by the chancellor of higher education pursuant to section 3333.048 of the Revised Code, and who indicate an intent to teach in the school district providing the loan. The district board may forgive the obligation to repay any or all of the principal and interest on the loan if the borrower teaches in that school district.
The district board shall adopt rules establishing eligibility criteria, application procedures, procedures for review of applications, loan amounts, interest, repayment schedules, conditions under which principal and interest obligations incurred under the program will be forgiven, and any other matter incidental to the operation of the program.
The board may contract with a private, nonprofit foundation, one or more institutions of higher education, or other educational agencies to administer the program.
The receipt of a loan under this section does not affect a student's eligibility for assistance, or the amount of such assistance, granted under section 3315.33, 3333.122, 3333.22, 3333.26, 5910.04, or 5919.34 of the Revised Code, but the board's rules may provide for taking such assistance into consideration when determining a student's eligibility for a loan under this section.
Last updated September 7, 2023 at 9:17 AM
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.40 | Board May Establish Education Foundation Fund.

Effective:
September 29, 2013
Latest Legislation:
House Bill 59 - 130th General Assembly
The board of education of a city, local, exempted village, or joint vocational school district or the governing board of any educational service center may establish an education foundation fund. Moneys in the fund shall consist of proceeds paid into the fund under division (B) of section 3313.36 of the Revised Code. In addition, by resolution adopted by a majority of its members, a city, local, exempted village, or joint vocational board may annually direct the school district treasurer to pay into the education foundation fund an amount from the school district general fund not to exceed one-half of one per cent of the total appropriations of the school district as estimated by the board at the time the resolution is adopted or as set forth in the annual appropriation measure as most recently amended or supplemented; and any governing board, by resolution adopted by a majority of its members, may annually direct the service center treasurer to pay into the education foundation fund an amount not to exceed one-half of one per cent of the funds received by the governing board pursuant to an agreement entered into under section 3313.843 or 3313.845 of the Revised Code.
Income from the investment of moneys in the fund shall be paid into the fund. A board, by resolution adopted by a majority of its members, may accept a trust created under section 3315.41 of the Revised Code for the investment of money in the educational foundation fund and direct the school district or service center treasurer to pay to the trustee, the initial trust principal contemplated by the instrument creating the trust. A board that has accepted a trust created under section 3315.41 of the Revised Code may do any of the following by resolution adopted by a majority of its members: direct the school district or service center treasurer to pay additional amounts to the trust principal, amend the trust, revoke the trust, or provide for payment of compensation to the trustee.
Moneys in the fund shall be expended only by resolution adopted by a majority of the members of the board for operating or capital costs of any existing or new and innovative program designed to enhance or promote education within the district or service center, such as scholarships for students or teachers.
A board of education or governing board may appoint a committee of administrators to administer the education foundation fund and to make recommendations for the use of the fund. Members of the committee shall serve at the discretion of the appointing board. Members shall receive no compensation, but may be reimbursed for actual and necessary expenses incurred in the performance of their official duties.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.41 | Board May Create Trust for Investment of Money in Education Foundation Fund.

Effective:
June 13, 1990
Latest Legislation:
House Bill 292 - 118th General Assembly
A board of education may create a trust for investment of money in the education foundation fund created pursuant to section 3315.40 of the Revised Code. The instrument creating such a trust shall do all of following:
(A) Appoint a nonprofit foundation that is exempt from income tax under section 501(a) of the "Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C. 501(a), as amended, and that is described in section 501(c)(3) of the "Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C. 501(c)(3), as amended, as trustee; designate the school district education foundation fund as the beneficiary; and describe the initial trust principal, which shall not be less than one dollar;
(B) Specify that additional amounts may be added to the trust principal from the education foundation fund;
(C) Prohibit invasion of the principal of the trust;
(D) Require the trustee to administer the trust, including but not limited to, holding, investing, and reinvesting the trust principal; collecting the income from the investments; and, after deducting the costs of administering the trust and, if applicable, the trustee's compensation, paying the net income to the school district treasurer for payment into the school district education foundation fund as beneficiary;
(E) Specify the conditions under which the trust is revocable. Upon revocation, the principal of the trust shall revert to the board of education.
(F) Provide for amendment of the trust if the board concludes that an amendment will better enable the objectives of the trust to be achieved;
(G) Other provisions the board considers necessary or advisable for successful administration of the trust and achievement of its objectives.
The board may provide for the payment, from the trust income or otherwise, of a reasonable fee to the trustee in compensation for its services.
If the principal of the trust created under this section reverts to the board of education the board shall direct the school district treasurer to accept and pay the principal into the education foundation fund created under section 3315.40 of the Revised Code.
Unless provided otherwise in the trust instrument, a trust created under this section is not subject to Chapter 135. of the Revised Code and shall not be considered a charitable trust under sections 109.23 to 109.33 or Chapter 1719. of the Revised Code.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3315 | School Funds › Section 3315.42 | Inapplicability to Certain School Districts.

Effective:
September 29, 2013
Latest Legislation:
House Bill 59 - 130th General Assembly
Sections 3315.40 and 3315.41 of the Revised Code do not apply to either of the following:
(A) A school district that has received funds for a project under Chapter 3318. of the Revised Code, so long as the purchase price to be paid by the board for the state's interest in the project has not been paid;
(B) A school district that has an outstanding loan under section 3313.483 of the Revised Code.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3316 | Fiscal Watches, Emergencies › Section 3316.01 | Fiscal Watch - Fiscal Emergency Definitions.

Effective:
June 20, 1996
Latest Legislation:
Senate Bill 310 - 121st General Assembly
As used in this chapter:
(A) "Fiscal watch" means the existence of a fiscal watch declared under division (A) of section 3316.03 of the Revised Code.
(B) "Fiscal emergency" means the existence of a fiscal emergency declared under division (B) of section 3316.03 of the Revised Code.
(C) "Fiscal emergency period" means the period of time commencing on the day when the auditor of state declares that a school district is in a state of fiscal emergency under division (B) of section 3316.03 of the Revised Code and ending on the day on which the school district financial planning and supervision commission ceases to exist under section 3316.16 of the Revised Code.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3316 | Fiscal Watches, Emergencies › Section 3316.02 | Solvency Assistance Fund - Shared Resource Account - Catastrophic Expenditures Account.

Effective:
June 20, 1996
Latest Legislation:
Senate Bill 310 - 121st General Assembly
(A) Pursuant to the authority of the general assembly to provide for the public health, safety, and welfare, it is hereby declared to be the public policy and a public purpose of the state to require fiscal integrity of school districts so that they can educate children, pay when due principal and interest on their debt obligations, meet financial obligations to their employees, vendors, and suppliers, and provide for proper financial accounting procedures, budgeting, and taxing practices. The failure of a school district to so act is hereby determined to affect adversely the health, safety, and welfare not only of the people of the school district but also of other people of the state.
(B) The intention of the general assembly, under this chapter, is to enact procedures, provide powers, and impose restrictions to assure fiscal integrity of school districts as set out in division (A) of this section.
(C) Unless otherwise indicated, the provisions of this chapter are supplemental to other provisions of law, including Chapters 133. and 5705. of the Revised Code, and to the resolutions of the school district board of education, consistent with this chapter. Any provisions of Chapters 133. and 5705. of the Revised Code and the resolutions of the school district may be utilized in the issuance of debt obligations. However, provisions of this chapter prevail over provisions of Chapters 133. and 5705. of the Revised Code and the resolutions of the school district to the extent of any conflict or inconsistency between this chapter and such other chapters or resolutions.
2023 Ohio Revised Code › Title 33 | Education-Libraries › Chapter 3316 | Fiscal Watches, Emergencies › Section 3316.04 | Submitting Financial Plan After Declaration of Watch.

Effective:
October 3, 2023
Latest Legislation:
House Bill 33 - 135th General Assembly
(A) Within sixty days of the auditor's declaration under division (A) of section 3316.03 of the Revised Code, the board of education of the school district shall prepare and submit to the director of education and workforce a financial plan delineating the steps the board will take to eliminate the district's current operating deficit and avoid incurring operating deficits in ensuing years, including the implementation of spending reductions. The financial plan also shall evaluate the feasibility of entering into shared services agreements with other political subdivisions for the joint exercise of any power, performance of any function, or rendering of any service, if so authorized by statute. The director shall evaluate the initial financial plan, and either approve or disapprove it within thirty calendar days from the date of its submission. If the initial financial plan is disapproved, the director shall recommend modifications that will render the financial plan acceptable. No school district board shall implement a financial plan submitted to the director under this section unless the director has approved the plan.
(B) Upon request of the board of education of a school district declared to be in a state of fiscal watch, the auditor of state and director shall provide technical assistance to the board in resolving the fiscal problems that gave rise to the declaration, including assistance in drafting the board's financial plan.
(C) A financial plan adopted under this section may be amended at any time with the approval of the director. The board of education of the school district shall submit an updated financial plan to the director, for the director's approval, every year that the district is in a state of fiscal watch. The updated plan shall be submitted in a form acceptable to the director. The director shall approve or disapprove each updated plan no later than the anniversary of the date on which the first such plan was approved.
(D) A school district that has restructured or refinanced a loan under section 3316.041 of the Revised Code shall be declared to be in a state of fiscal emergency if any of the following occurs:
(1) An operating deficit is certified for the district under section 3313.483 of the Revised Code for any year prior to the repayment of the restructured or refinanced loan;
(2) The director determines, in consultation with the auditor of state, that the school district is not satisfactorily complying with the terms of the financial plan required by this section;
(3) The board of education of the school district fails to submit an updated plan that is acceptable to the director under division (C) of this section.
Last updated August 21, 2023 at 4:36 PM