Commission has interest in real property purchased with school district's project construction fund
Effective: September 29, 2017; Latest Legislation: House Bill 49 - 132nd General Assembly
The Ohio facilities construction commission shall have an interest in real property purchased with moneys in the school district's project construction fund.
Once obligations issued to finance a project under section 3318.26 of the Revised Code are no longer outstanding, any interest held by the commission shall be transferred to the school district.
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.