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Ohio Rev. Code Ann. § 3375.391

Treasurer to credit earnings on investments

Effective: March 30, 1999; Latest Legislation: House Bill 674 - 122nd General Assembly

The board of library trustees of any free public library district may adopt a resolution requiring the treasurer of the district to credit the earnings made on the investment of the principal of the moneys specified in the resolution to the fund from which the earnings arose or any other fund of the district as the board specifies in its resolution.

This section does not apply to the earnings made on the investment of any bond retirement fund or any sinking fund.

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.