117-6-03 Set asides for capital improvements: schools.

(A) Except as provided in division (B) of section 3315.18 of the Revised Code, each school district shall set aside for capital improvements and maintenance three percent of the revenues received by the school district that would otherwise have been deposited in the general fund as defined in rule 3301-92-02 of the Administrative Code.

Replaces: 117-6-03

Effective: 11/16/2015
Five Year Review (FYR) Dates: 08/28/2015 and 11/06/2020
Promulgated Under: 117.20
Statutory Authority: 3315.18
Rule Amplifies: 3315.18
Prior Effective Dates: 7/1/1998, 9/7/1999, 7/1/2000