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 […]