Money collected for water-works purposes shall be deposited weekly with the treasurer of the municipal corporation, and shall be kept as a a separate and distinct fund. When appropriated by the legislative authority of the municipal corporation, such money shall be subject to the order of the director of public service. The director shall sign all orders drawn on the treasurer of the municipal corporation against such fund.
Ohio Rev. Code Ann. § 743.06
Proceeds from water works to be a separate fund
Applied in 1 court decision — leading case Sovereign Empire, L.L.C. v. Akron (2023)
Most recently applied in Sovereign Empire, L.L.C. v. Akron (January 2023)
Effective: October 1, 1953; Latest Legislation: House Bill 1 - 100th General Assembly
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.