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Home » US Law » 2022 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 […]

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 […]

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.

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 […]

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 […]

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 […]

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, […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Section 3315.18 | Capital and Maintenance Fund.

Effective: September 30, 2021 Latest Legislation: House Bill 110 – 134th General Assembly (A) The board of education of each city, exempted village, local, and joint vocational school district shall establish a capital and maintenance fund. Each board annually shall deposit into that fund an amount derived from revenues received by the district that would […]