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Ohio Rev. Code Ann. § 3301.076

Operating reserve account or minimum cash balance

Effective: October 3, 2023; Latest Legislation: House Bill 33 - 135th General Assembly

No information technology center established under section 3301.075 of the Revised Code shall be required to maintain an operating reserve account or fund or minimum cash balance. This section does not affect any sinking fund or other capital improvement fund the center may be required to maintain as a condition by law or contract relative to the issuance of securities. Any rule or other regulation or guideline of the department of education and workforce that conflicts with this section is void.

Last updated August 24, 2023 at 9:09 AM

Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.