Effective: June 20, 1996 Latest Legislation: Senate Bill 310 – 121st General Assembly As used in this chapter: (A) “Fiscal watch” means the existence of a fiscal watch declared under division (A) of section 3316.03 of the Revised Code. (B) “Fiscal emergency” means the existence of a fiscal emergency declared under division (B) of section […]
Effective: June 20, 1996 Latest Legislation: Senate Bill 310 – 121st General Assembly (A) Pursuant to the authority of the general assembly to provide for the public health, safety, and welfare, it is hereby declared to be the public policy and a public purpose of the state to require fiscal integrity of school districts so […]
Effective: March 27, 2020 Latest Legislation: House Bill 197 – 133rd General Assembly (A) The existence of a fiscal watch shall be declared by the auditor of state. The auditor of state may make a determination on the auditor of state’s initiative, or upon receipt of a written request for such a determination, which may […]
Effective: June 26, 2003 Latest Legislation: House Bill 95 – 125th General Assembly (A) The state superintendent of public instruction, in consultation with the auditor of state, shall develop guidelines for identifying fiscal practices and budgetary conditions that, if uncorrected, could result in a future declaration of a fiscal watch or fiscal emergency within a […]
Effective: September 28, 2012 Latest Legislation: House Bill 509 – 129th General Assembly (A) Within sixty days of the auditor’s declaration under division (A) of section 3316.03 of the Revised Code, the board of education of the school district shall prepare and submit to the superintendent of public instruction a financial plan delineating the steps […]
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly (A) Notwithstanding any provision of Chapter 133. or sections 3313.483 to 3313.4810 of the Revised Code, and subject to the approval of the superintendent of public instruction, a school district that is in a state of fiscal watch declared under section 3316.03 […]
Effective: September 28, 2016 Latest Legislation: House Bill 390 – 131st General Assembly The auditor of state, on the auditor of state’s initiative, may conduct a performance audit of a school district that is under a fiscal caution under section 3316.031 of the Revised Code, in a state of fiscal watch, or in a state […]
Effective: September 29, 2005 Latest Legislation: House Bill 66 – 126th General Assembly Upon the approval by the superintendent of public instruction of an initial financial plan under section 3316.04 of the Revised Code or a financial recovery plan under section 3316.06 of the Revised Code, the board of education of the school district for […]
Effective: June 29, 1999 Latest Legislation: House Bill 282 – 123rd General Assembly (A) Pursuant to the powers of the general assembly and for the purposes of this chapter, upon the declaration of a fiscal emergency in any school district pursuant to division (B) of section 3316.03 of the Revised Code, there is established, with […]
Effective: March 27, 2020 Latest Legislation: House Bill 197 – 133rd General Assembly (A) Within one hundred twenty days after the first meeting of a school district financial planning and supervision commission, the commission shall adopt a financial recovery plan regarding the school district for which the commission was created. During the formulation of the […]
Effective: April 10, 2001 Latest Legislation: Senate Bill 345 – 123rd General Assembly If any school district financial planning and supervision commission fails to submit to the state superintendent of public instruction under section 3316.06 of the Revised Code a financial recovery plan that is acceptable to the state superintendent, or if the state superintendent […]
Effective: October 1, 2012 Latest Legislation: House Bill 525 – 129th General Assembly (A) A school district financial planning and supervision commission has the following powers, duties, and functions: (1) To review or to assume responsibility for the development of all tax budgets, tax levy and bond and note resolutions, appropriation measures, and certificates of […]
Effective: September 29, 2011 Latest Legislation: House Bill 153 – 129th General Assembly During a school district’s fiscal emergency period, the auditor of state shall determine annually, or at any other time upon request of the financial planning and supervision commission, whether the school district will incur an operating deficit. If the auditor of state […]
Effective: June 20, 1996 Latest Legislation: Senate Bill 310 – 121st General Assembly (A) The members of a school district financial planning and supervision commission shall serve without compensation, but shall be paid by the commission their necessary and actual expenses incurred while engaged in the business of the commission. (B) Any expense or obligation […]
Effective: June 20, 1996 Latest Legislation: Senate Bill 310 – 121st General Assembly A school district board that is instructed to do so by the school district financial planning and supervision commission for that district shall develop an effective financial accounting and reporting system by: (A) Promptly bringing its existing system of financial accounting and […]
Effective: June 20, 1996 Latest Legislation: Senate Bill 310 – 121st General Assembly A school district board and all its officers and employees having possession of fiscal information or having the responsibility for developing that information, shall at all times cooperate in assisting the functions of the school district financial planning and supervision commission by […]
Effective: June 3, 2002 Latest Legislation: House Bill 129 – 124th General Assembly (A) No appropriation measure may be adopted nor any expenditure made contrary to the financial recovery plan adopted by a school district financial planning and supervision commission. Any existing appropriation measure inconsistent with the adopted financial recovery plan is ineffective for purposes […]
Effective: June 20, 1996 Latest Legislation: Senate Bill 310 – 121st General Assembly A school district financial planning and supervision commission may direct its certifications, notifications, orders, or requests to particular officers of the county, school district, or state, or to the school district board of education or county budget commission and cause the same […]
Effective: June 20, 1996 Latest Legislation: Senate Bill 310 – 121st General Assembly (A) No debt obligation, including any debt incurred pursuant to section 3313.483 of the Revised Code, may be issued or incurred by the school district, whether purchased by the school district or by others, except with the prior approval of the school […]
Effective: July 1, 2011 Latest Legislation: House Bill 30 – 129th General Assembly (A) A school district financial planning and supervision commission, with respect to its functions under this chapter, shall continue in existence until such time as a determination is made under division (B) of this section that all of the following have occurred: […]
