Ohio Revised Code Search

...No recovery shall be had on any contract for or in connection with a program by any person selling or administering such program if the agent of such person was not the holder of an agent's permit as required by section 3332.10 of the Revised Code at the time he negotiated the contract for or sold the program.

... otherwise administering the program, unless such person holds the certificate of registration and appropriate program authorization required by section 3332.05 of the Revised Code. Any representation contrary to this section or tending to imply that a permit issued pursuant to sections 3332.10 and 3332.11 of the Revised Code constitutes such approval is misrepresentation within the meaning of this chapter.

...Consumer transactions entered into with schools subject to this chapter are subject to Chapter 1345. of the Revised Code. As used in this section, "consumer transaction" has the same meaning as in section 1345.01 of the Revised Code.

..., on a date and in the form and manner determined by the state board, a plan to preserve student records indefinitely if the college or school is to cease operations. The plan shall include the designation and signed confirmation of an official custodian of student records. If the state board determines it necessary, the the state board may require a college or school to produce an executed agreement with the designa...

...sed Code, the state board of career colleges and schools shall comply with sections 3123.41 to 3123.50 of the Revised Code and any applicable rules adopted under section 3123.63 of the Revised Code with respect to a permit issued pursuant to this chapter.

...lowing, as elected by the student: (1) Credit tuition and fee charges toward a subsequent academic term in an amount that is one hundred per cent of what the student paid the institution for the academic term in which the student withdraws; (2) Refund tuition and fees paid for the academic term, provided the student withdraws before the withdraw date established by the institution. The refund shall equal one hundre...

...final accreditation findings; (3) Becomes the subject of an investigation by a government agency related to the school's academic quality, financial stability, or student consumer protection; (4) Fails to make any payments to applicable retirement systems; (5) Fails to make any scheduled payroll payments; (6) Fails to make any payments to vendors when due as a result of a cash deficiency or a substantial defi...

... post on each online degree program web site it maintains that it utilizes an online program manager for services. The career college or school shall require the online program manager to identify itself when providing services to students. (D) A career college or school shall not permit an online program manager to control, make decisions regarding, administer, or disburse student financial aid.

...form or, if the school has a secure web site, in electronic form. (C) On receipt of an application for residence in on-campus student housing, a school subject to this chapter shall do both of the following: (1) Inform the student of the disclosure requirement; (2) Provide the student in either written or, if the school has a secure web site, electronic form the meningitis and hepatitis B vaccination status statem...

... dollars or imprisoned not more than ninety days, or both.

...rent basis. (D) "Tuition unit" means a credit of the Ohio tuition trust authority purchased under section 3334.09 of the Revised Code. "Tuition unit" includes a tuition credit purchased prior to July 1, 1994. (E) "College savings bonds" means revenue and other obligations issued on behalf of the state or any agency or issuing authority thereof as a zero-coupon or capital appreciation bond, and designated as college...

...ny agreement or transaction related thereto. (C) To provide the citizens of Ohio with a choice of tax-advantaged college savings programs and the opportunity to participate in more than one type of college savings program at a time, the Ohio tuition trust authority shall establish and administer a variable college savings program as a qualified state tuition program under section 529 of the Internal Revenue Code. Th...

...ther co-chairperson and at such other times as either co-chairperson or the board determines necessary. In the absence of both co-chairpersons, the executive chairperson shall serve as the presiding officer of the board. The executive committee shall meet at the call of the executive chairperson or as the executive committee determines necessary. The board may delegate to the executive committee such duties and respo...

...and duties related to the issuance and retirement of the bonds as provided by law. The financing costs, including the expenses incurred by the treasurer of the state in performing the powers and duties, are payable as provided in the bond proceedings from the bond proceeds, special funds, or other moneys available. (C) In connection with the authority granted by division (B) of this section, the issuer, with the app...

... of the Revised Code only after it has determined that the issuance would comply with section 3334.04 of the Revised Code. (C) The authority shall cooperate with all state issuing authorities in identifying potential bond issues which may be appropriate for designation as college savings bonds and shall encourage those issuing authorities to participate in the Ohio college savings program.

...m. (B) Annually, the authority shall determine the weighted average tuition of four-year state universities in the academic year that begins on or after the first day of August of the current calendar year, and shall establish the price of a tuition unit in the ensuing sales period. Such price shall be based on sound actuarial principles, and shall, to the extent actuarially possible, reasonably approximate one p...

...erest earned on those deposits shall be credited to the Ohio college savings program or the variable college savings program, as applicable. (10) Contract for other services, or for goods, needed by the authority in the conduct of its business, including but not limited to credit card services; (11) Employ an executive director and other personnel as necessary to carry out its responsibilities under this chapter, a...

...cholarship program, the beneficiary becomes a nonresident of this state, or, if the beneficiary was not a resident of this state at the time the tuition payment contract was entered into, the purchaser becomes a nonresident of this state, units purchased or awarded while the beneficiary was a resident may be applied on behalf of the beneficiary toward the payment of higher education expenses in the manner specified i...

...ll use actuarially sound principles to determine the amount of the refund. (2) If the contract is terminated because of the death or permanent disability of the beneficiary, the amount of the refund shall be equal to the greater of the following: (a) One per cent of the weighted average tuition in the academic year the refund is paid, multiplied by the number of tuition units purchased and not used; (b) The tota...

... Internal Revenue Code, 100 Stat. 2085, 26 U.S.C. 1, as amended, or any other legal entity authorized to transact business in this state. (L) In exercising its fiduciary responsibility with respect to the investment of the assets of the funds, it shall be the intent of the authority to give consideration to investments that enhance the general welfare of the state and its citizens where the investments offer qualit...

...nits to an extent that the continued sale of the units likely would not restore the actuarial soundness of the fund and external economic factors continue to negatively impact the soundness of the program, the authority may suspend sales, either permanently or temporarily, of tuition units. During any suspension, the authority shall continue to service existing college savings program accounts. (B) Upon termin...

...ract, a scholarship program, or a variable college savings program account shall not be subject to execution, garnishment, attachment, the operation of bankruptcy or the insolvency laws, or other process of law. (B) The right of a person to a tuition unit or a payment under section 3334.09 of the Revised Code pursuant to a tuition payment contract, a scholarship program, or a variable college savings program accoun...

...gram providing for the sale of tuition credits units by the Ohio tuition trust authority is an official state function, offered through an agency of this state, which agency receives state appropriations. Therefore, the authority is directed by the state of Ohio to assume it is exempt from federal tax liability.

...g a scholarship program shall specify whether a scholarship beneficiary may receive a refund or payment for the amount awarded under the scholarship program directly from the authority, or whether the amount awarded shall be paid by the authority only to the institution of higher education in which the student is enrolled. (D) If a scholarship beneficiary does not use the amount awarded within a length of time s...

...hment of the program, and the state assumes no risk or liability for funds invested in the variable college savings program. (4) Informational materials about the variable college savings program prepared by the authority or its agents and provided to prospective contributors shall state clearly the information set forth in division (C) of this section.