Section 5705.131 | Nonexpendable trust fund.
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Effective:
September 30, 2025
Latest Legislation:
House Bill 96 - 136th General Assembly
A taxing authority of a subdivision may establish a nonexpendable trust fund for the purpose of receiving donations or contributions that the donor or contributor requires to be maintained intact. The principal of such fund may be invested, and the investment earnings on the principal shall be credited to the fund.
Last updated August 8, 2025 at 11:50 AM
Available Versions of this Section
- July 22, 1998 – House Bill 426 - 122nd General Assembly [ View July 22, 1998 Version ]
- September 30, 2025 – Amended by House Bill 96 - 136th General Assembly [ View September 30, 2025 Version ]