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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 3311.751 | Disposition of proceeds from sale of real estate by municipal school district.

Ohio Revised Code
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Title 33 Education-Libraries
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Chapter 3311 School Districts; County Planning
 
You are viewing a past version of this section that is no longer in effect View Current Version
Effective:
October 1, 2012
Legislation:
House Bill 525 - 129th General Assembly
PDF:
Download Authenticated PDF
 

Notwithstanding division (F) of section 5705.10 of the Revised Code, if a municipal school district board of education sells real property that it owns in its corporate capacity, moneys received from the sale may be paid into the general fund of the district, as long as all of the following conditions are satisfied:

(A) The district has owned the real property for at least ten years.

(B) The real property and any improvements to that real property were not acquired with the proceeds of public obligations, as defined in section 133.01 of the Revised Code, of the district that are outstanding at the time of the sale.

(C) The deposit of those moneys in that manner is not prohibited by any agreements the district board has entered into with the Ohio school facilities commission.

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