Ohio Revised Code
Chapter 3314 | Community Schools
Section 3314.074 | Distributing Assets of School Permanently Closed.

Effective: September 23, 2022
Latest Legislation: House Bill 583 - 134th General Assembly
Divisions (A) and (B) of this section apply only to the extent permitted under Chapter 1702. of the Revised Code.
(A) If any community school established under this chapter permanently closes and ceases its operation as a community school, the assets of that school shall be distributed first to the retirement funds of employees of the school, employees of the school, and private creditors who are owed compensation, and then any remaining funds shall be paid to the department of education for redistribution to the school districts in which the students who were enrolled in the school at the time it ceased operation were entitled to attend school under section 3313.64 or 3313.65 of the Revised Code. The amount distributed to each school district shall be proportional to the district's share of the total enrollment in the community school. For any community school that closes after fiscal year 2021, any remaining funds shall be paid to the department of education and deposited into the state general revenue fund.
(B) If a community school closes and ceases to operate as a community school and the school has received computer hardware or software from the former Ohio SchoolNet commission or the former eTech Ohio commission, such hardware or software shall be turned over to the department of education, which shall redistribute the hardware and software, to the extent such redistribution is possible, to school districts in conformance with the provisions of the programs as they were operated and administered by the former eTech Ohio commission.
(C) If the assets of the school are insufficient to pay all persons or entities to whom compensation is owed, the prioritization of the distribution of the assets to individual persons or entities within each class of payees may be determined by decree of a court in accordance with this section and Chapter 1702. of the Revised Code.
(D) A community school that engages in a merger or consolidation pursuant to division (B) of section 1702.41 of the Revised Code and becomes a single public benefit corporation shall not be required to distribute assets pursuant to divisions (A), (B), and (C) of this section, provided that the governing authority of the community school created by the merger or consolidation enters into a contract for sponsorship under section 3314.03 of the Revised Code with an entity rated "effective" or higher by the department of education pursuant to section 3314.016 of the Revised Code.
Last updated July 8, 2022 at 12:28 PM

Structure Ohio Revised Code

Ohio Revised Code

Title 33 | Education-Libraries

Chapter 3314 | Community Schools

Section 3314.01 | Creation of Community School - General Powers.

Section 3314.011 | Designated Fiscal Officer - Bond - Licensing.

Section 3314.012 | Development of Report Cards.

Section 3314.013 | Limits on Internet- or Computer-Based Community Schools.

Section 3314.015 | Oversight of Sponsors.

Section 3314.016 | Community School Sponsor Evaluations; Sponsoring Additional Schools.

Section 3314.017 | Academic Performance Rating and Report Card System.

Section 3314.018 | Pooling Agreements Between Community Schools.

Section 3314.019 | Communication With State Auditor.

Section 3314.0110 | Computer Science and Technology Fund.

Section 3314.02 | Establishment of Community School - Conversion and Start-Up.

Section 3314.021 | Requirements for Sponsorship.

Section 3314.022 | Contract for Provisions of Services for Disabled Student.

Section 3314.023 | Monitoring, Oversight, and Technical Assistance; School Closure.

Section 3314.024 | Detailed Accounting by Management Company; Categories of Expenses.

Section 3314.025 | Report on Expenditures to Provide Monitoring, Oversight, and Technical Assistance.

Section 3314.027 | Community School Sponsorship.

Section 3314.028 | Conditions for Continued Operation.

Section 3314.029 | Ohio School Sponsorship Program.

Section 3314.0210 | Property Purchased by Operator or Management Company.

Section 3314.0211 | Eligiblity for Merger.

Section 3314.03 | Specifications of Contract Between Sponsor and Governing Authority - Specifications of Comprehensive Plan.

Section 3314.031 | Publication of Information Regarding Management or Operation of Community Schools.

Section 3314.032 | Contents of Contract Between Governing Authority and Operator.

Section 3314.034 | Conditions Which Would Prohibit Contract With New Sponsor.

Section 3314.035 | Publication of Names of Members of Governing Authority.

Section 3314.036 | Employment of Attorney.

Section 3314.037 | Training on Public Records and Open Meetings Laws.

Section 3314.038 | Children Residing in Residential Center; Reporting.

Section 3314.039 | Compilation and Publication of Information on Community Schools.

Section 3314.04 | Exemption From State Laws and Rules.

Section 3314.041 | Distributing Statement Concerning State-Prescribed Testing and Compulsory Attendance Law to Parents.

Section 3314.042 | Compliance With Standards of Financial Reporting.

Section 3314.043 | Indemnification From Management Companies for Losses Due to Conflict of Interest.

Section 3314.05 | Specification of Use and Acquisition of Facilities.

Section 3314.051 | Disposal of Real Property Acquired From School District.

Section 3314.06 | Admission Procedures.

Section 3314.061 | Community Schools Serving Autistic and Nondisabled Students.

Section 3314.07 | Expiration, Termination or Nonrenewal of Contract for Community School.

Section 3314.071 | Liability on Contracts.

Section 3314.072 | Suspending Operation of Noncomplying School.

Section 3314.073 | Declaring School to Be in Probationary Status.

Section 3314.074 | Distributing Assets of School Permanently Closed.

Section 3314.08 | Annual Enrollment Reports; Payments From Department.

Section 3314.081 | Annual Allocation of Federal Moneys.

Section 3314.082 | Community Schools; Application for Funds.

Section 3314.083 | Deducting Excess Costs of Providing Special Education and Related Services to Student With a Disability.

Section 3314.084 | Reporting Rules for Community School Students Living in Home.

Section 3314.086 | Community Schools; Career-Technical Education.

Section 3314.087 | Simultaneous Enrollment in Career-Tech Program.

Section 3314.089 | Community School Career-Technical Education Spending.

Section 3314.09 | Transportation of Native Students Provided by Board of Each School District.

Section 3314.091 | Transportation of Native Students Provided by Community School - Agreement.

Section 3314.092 | Consultation With Board Regarding Changes in Schedule.

Section 3314.10 | Teachers and Nonteaching Employees.

Section 3314.101 | Suspension of Employee Pending Criminal Action.

Section 3314.102 | Removal of Conversion Community School Employees From Collective Bargaining Unit.

Section 3314.103 | Termination of Contract Prior to Termination of Annual Session.

Section 3314.11 | Verification of Residency.

Section 3314.12 | Sponsor to Submit Annual Report of Services and Expenditures.

Section 3314.13 | Community School Employees; Liability.

Section 3314.14 | Possession and Use of Inhalers by Student - School and Employees Not Liable.

Section 3314.141 | No Civil Liability for Prohibition of Use of Autoinjector.

Section 3314.142 | Liability for Damages Due to Concussions.

Section 3314.143 | Procurement of Epinephrine Autoinjectors for Community Schools.

Section 3314.144 | Procurement of Inhalers by Community School.

Section 3314.145 | Liability Pertaining to Sudden Cardiac Arrest.

Section 3314.146 | Community School Employees; Liability.

Section 3314.147 | Procurement of Glucagon, Qualified Immunity.

Section 3314.15 | Body Mass Index and Weight Status Category Screening.

Section 3314.16 | Placement of Automatic External Defibrillator in Schools - Staff Training - Qualified Immunity.

Section 3314.17 | Statewide Education Management Information System.

Section 3314.18 | Breakfast and Lunch Programs - Summer Extension.

Section 3314.19 | Annual Assurances by Community School Sponsor.

Section 3314.191 | Prerequisites for Payments From Department.

Section 3314.20 | Enrollment Limits for Internet- or Computer-Based Schools.

Section 3314.21 | Internet- or Computer-Based Schools.

Section 3314.22 | Child Entitled to Computer Supplied by School.

Section 3314.23 | Compliance With Standards.

Section 3314.232 | Standards for Learning Management Software.

Section 3314.24 | No Contracts for Facility Space After 7-1-04.

Section 3314.25 | Computer-Based Schools to Provide Location for Statewide Tests.

Section 3314.251 | Locations for Counseling, Instructional Coaching, and Testing Assistance.

Section 3314.26 | Withdrawal of Computer-Based School Student Not Taking Tests.

Section 3314.261 | Internet- or Computer-Based School Attendance.

Section 3314.262 | Internet- or Computer-Based Community School Student Automatic Withdrawal.

Section 3314.27 | Maximum Daily Hours by Computer-Based School Student.

Section 3314.271 | Orientation Course.

Section 3314.28 | Plan by Computer-Based Schools for Services to Disabled Students.

Section 3314.29 | Division of Certain Internet- or Computer-Based Community School.

Section 3314.35 | Permanent Closure; Criteria.

Section 3314.351 | Closure of Certain Community Schools.

Section 3314.352 | Reopening Under New Name.

Section 3314.353 | Publication of School Closures and Closure Risks.

Section 3314.354 | Submission of Data Regarding Schools at Risk of Permanent Closure.

Section 3314.355 | Community School Closure Safe Harbor.

Section 3314.36 | Applicability of Rc 3314.35 Closure Rule.

Section 3314.361 | Operation of Drug Recovery Program.

Section 3314.38 | Enrollment in Dropout Prevention and Recovery Program.

Section 3314.40 | Report of Employee Conviction or Alternative Disposition.

Section 3314.401 | Employee Investigation Report Kept in Personnel File.

Section 3314.402 | Application of Collective Bargaining Agreement.

Section 3314.403 | False Report of Employee Misconduct Prohibited.

Section 3314.41 | Criminal Records Check of Private Contract Employee.

Section 3314.44 | Collection and Transmittal of School Records After Closing; Compliance; Penalty.

Section 3314.46 | Sponsors; Sales of Goods or Services Prohibited.

Section 3314.50 | Community School; Bond.

Section 3314.51 | Unauditable Community School.

Section 3314.52 | Policies for Use of Credit Card Accounts.

Section 3314.99 | Penalty.