Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
The replacement fund shall not be reduced, disposed of, or expended for purposes other than those specified in section 3315.11 of the Revised Code, except by a strict compliance with sections 5705.15 and 5705.16 of the Revised Code. Whenever the replacement fund reaches the maximum amount deemed necessary by the board of education for the purposes specified in section 3315.11 of the Revised Code, the interest received from investments of said fund may be used by the board for any authorized school purposes.
Structure Ohio Revised Code
Title 33 | Education-Libraries
Section 3315.01 | Crediting of Investment Earnings.
Section 3315.02 | Board to Provide Funds - Control - Purpose - Commissioners of Sinking Fund.
Section 3315.03 | Investment of Sinking Fund.
Section 3315.04 | Report of Commissioners of Sinking Fund.
Section 3315.05 | Payment of Bonds and Interest.
Section 3315.06 | Governing Board of Service Center - Powers and Duties.
Section 3315.061 | Funds for Studies and Surveys.
Section 3315.09 | Contracts for Special Instruction.
Section 3315.091 | Contracts for Driver Education Instruction.
Section 3315.10 | Management and Control of Property Held in Trust for Educational Purposes.
Section 3315.11 | Replacement Fund - Purpose.
Section 3315.12 | Investment of the Fund.
Section 3315.13 | How Money Drawn From Fund.
Section 3315.14 | When Replacement Fund May Be Reduced, Disposed Of, or Expended.
Section 3315.15 | Service Fund Set Aside.
Section 3315.17 | Computer Science and Technology Fund.
Section 3315.18 | Capital and Maintenance Fund.
Section 3315.181 | Sources of Revenue for Capital and Maintenance Fund.
Section 3315.20 | Deficits in Special Funds.
Section 3315.29 | Payment When County Line Divides Township.
Section 3315.30 | Apportionment When County Line Divides an Original Surveyed Township.
Section 3315.31 | Duty of the County Auditor.
Section 3315.33 | Ohio Scholarship Fund for Teacher Trainees.
Section 3315.34 | Promissory Note of Scholarship Fund Recipient - Renewal of Scholarship.
Section 3315.35 | Statement of Service - Cancelled and Uncancelled Notes.
Section 3315.37 | Teacher Education Loan Program.
Section 3315.40 | Board May Establish Education Foundation Fund.
Section 3315.41 | Board May Create Trust for Investment of Money in Education Foundation Fund.
Section 3315.42 | Inapplicability to Certain School Districts.