Ohio Revised Code
Chapter 3318 | School Facilities
Section 3318.052 | Use of Property Tax or School District Income Tax Proceeds to Pay Costs of Project or for Maintenance of Classroom Facilities - Options of School District Board.

Effective: September 29, 2017
Latest Legislation: House Bill 49 - 132nd General Assembly
At any time after the electors of a school district have approved either or both a property tax levied under section 5705.21 or 5705.218 of the Revised Code for the purpose of permanent improvements, including general permanent improvements, or a school district income tax levied under Chapter 5748. of the Revised Code, the proceeds of either of which, pursuant to the ballot measures approved by the electors, are not so restricted that they cannot be used to pay the costs of a project or maintaining classroom facilities, the school district board may:
(A) Within one year following the date of the certification of the conditional approval of the school district's classroom facilities project by the Ohio facilities construction commission, enter into a written agreement with the commission, which may be part of an agreement entered into under section 3318.08 of the Revised Code, and in which the school district board covenants and agrees to do one or both of the following:
(1) Apply a specified amount of available proceeds of that property tax levy, of that school district income tax, or of securities issued under this section, or of proceeds from any two or more of those sources, to pay all or part of the district's portion of the basic project cost of its classroom facilities project;
(2) Apply available proceeds of either or both a property tax levied under section 5705.21 or 5705.218 of the Revised Code in effect for a continuing period of time, or of a school district income tax levied under Chapter 5748. of the Revised Code in effect for a continuing period of time to the payment of costs of maintaining the classroom facilities.
(B) Receive, as a credit against the amount of bonds required under sections 3318.05 and 3318.06 of the Revised Code, to be approved by the electors of the district and issued by the district board for the district's portion of the basic project cost of its classroom facilities project in order for the district to receive state assistance for the project, an amount equal to the specified amount that the district board covenants and agrees with the commission to apply as set forth in division (A)(1) of this section;
(C) Receive, as a credit against the amount of the tax levy required under sections 3318.05 and 3318.06 of the Revised Code, to be approved by the electors of the district to pay the costs of maintaining the classroom facilities in order to receive state assistance for the classroom facilities project, an amount equivalent to the specified amount of proceeds the school district board covenants and agrees with the commission to apply as referred to in division (A)(2) of this section;
(D) Apply proceeds of either or both a school district income tax levied under Chapter 5748. of the Revised Code that may lawfully be used to pay the costs of a classroom facilities project or of a tax levied under section 5705.21 or 5705.218 of the Revised Code to the payment of debt charges on and financing costs related to securities issued under this section;
(E) Issue securities to provide moneys to pay all or part of the district's portion of the basic project cost of its classroom facilities project in accordance with an agreement entered into under division (A) of this section. Securities issued under this section shall be Chapter 133. securities and may be issued as general obligation securities or issued in anticipation of a school district income tax or as property tax anticipation notes under section 133.24 of the Revised Code. The district board's resolution authorizing the issuance and sale of general obligation securities under this section shall conform to the applicable requirements of section 133.22 or 133.23 of the Revised Code. Securities issued under this section shall have principal payments during each year after the year of issuance over a period of not more than twenty-three years and, if so determined by the district board, during the year of issuance. Securities issued under this section shall not be included in the calculation of net indebtedness of the district under section 133.06 of the Revised Code, including but not limited to the limitation on unvoted indebtedness specified in division (G) of that section, or under section 3313.372 of the Revised Code, if the resolution of the district board authorizing their issuance and sale includes covenants to appropriate annually from lawfully available proceeds of a property tax levied under section 5705.21 or 5705.218 of the Revised Code or of a school district income tax levied under Chapter 5748. of the Revised Code and to continue to levy and collect the tax in amounts necessary to pay the debt charges on and financing costs related to the securities as they become due. No property tax levied under section 5705.21 or 5705.218 of the Revised Code and no school district income tax levied under Chapter 5748. of the Revised Code that is pledged, or that the school district board has covenanted to levy, collect, and appropriate annually, to pay the debt charges on and financing costs related to securities issued under this section shall be repealed while those securities are outstanding. If such a tax is reduced by the electors of the district or by the district board while those securities are outstanding, the school district board shall continue to levy and collect the tax under the authority of the original election authorizing the tax at a rate in each year that the board reasonably estimates will produce an amount in that year equal to the debt charges on the securities in that year, except that in the case of a school district income tax that amount shall be rounded up to the nearest one-fourth of one per cent.
No state moneys shall be released for a project to which this section applies until the proceeds of the tax securities issued under this section that are dedicated for the payment of the district portion of the basic project cost of its classroom facilities project are first deposited into the district's project construction fund.

Structure Ohio Revised Code

Ohio Revised Code

Title 33 | Education-Libraries

Chapter 3318 | School Facilities

Section 3318.01 | Bond Issues and Tax Levy Definitions.

Section 3318.011 | Ranking Districts in Order of Adjusted Valuation per Pupil From District.

Section 3318.02 | Periodic Assessment of Classroom Facility Needs - On-Site Visits.

Section 3318.021 | On-Site Visits to Districts Intending to Participate in Expedited Local Partnership Program.

Section 3318.022 | District Not Yet Eligible for State Assistance May Request Assessment.

Section 3318.024 | Use of Unspent and Unencumbered Funds.

Section 3318.03 | Facilities Construction Commission to Determine Need for Additional Classroom Facilities.

Section 3318.031 | Commission to Consider Student and Staff Safety and Health.

Section 3318.032 | Portion of Basic Project Cost Supplied by School District.

Section 3318.033 | Recalculation of District Percentile Ranking.

Section 3318.034 | Division of District Classroom Needs Into Segments.

Section 3318.035 | Change of Assessment Rates on Gas Pipelines.

Section 3318.036 | Priority for Project Funding.

Section 3318.037 | Retention of Percentile Ranking Upon Reapplication for Expedited Local Partnership Program.

Section 3318.038 | Water Bottle Filling Stations and Drinking Fountains.

Section 3318.04 | Conditional Approval; Encumbering Funds.

Section 3318.041 | District May Adopt and Certify Proposed Project.

Section 3318.042 | Additional Assistance.

Section 3318.05 | District Board Acceptance of Conditional Approval of Commission of Project; Election on Propositions.

Section 3318.051 | Alternative Funding for State-Assisted Classroom Projects.

Section 3318.052 | Use of Property Tax or School District Income Tax Proceeds to Pay Costs of Project or for Maintenance of Classroom Facilities - Options of School District Board.

Section 3318.053 | Use of Tax Proceeds on Improvements Not Included in Basic Project Cost.

Section 3318.054 | Lapse of Classroom Facilities Project Due to Failure of Voters to Approve Ballot Measures.

Section 3318.055 | Maintenance Tax Not Be Included on Ballot Proposal.

Section 3318.056 | Combining Questions on Tax Levy Ballot.

Section 3318.06 | Submitting Resolution Relative to Tax Levy in Excess of Ten-Mill Limitation - Bond Issue.

Section 3318.061 | Resolution Proposing Extension of Existing Tax Levy.

Section 3318.062 | Form of Ballot Where Bonds Are to Be Issued in Multiple Series - Combination With Other Questions.

Section 3318.063 | Rescission of Alternative Funding Agreement - Tax Levy.

Section 3318.07 | Certification of Election Results to Tax Commissioner.

Section 3318.08 | Agreement With Ohio Facilities Construction Commission for Construction and Sale of Project.

Section 3318.081 | Supplemental Agreement With Ohio Facilities Construction Commission.

Section 3318.082 | Supplemental Agreement for Distributing Certain Tax Proceeds.

Section 3318.083 | Sharing of Approved Increase in Basic Project Cost.

Section 3318.084 | Applying Local Donated Contribution Toward Project.

Section 3318.085 | Agreement by Eligible Districts for Joint Issuance of Certificates of Participation in Bond Proceeds.

Section 3318.086 | Contingency Reserve.

Section 3318.091 | Issuing Bonds; Preparing of Plans and Estimates.

Section 3318.10 | Advertising and Awarding of Construction Bids.

Section 3318.11 | Amount of State Appropriations Encumbered for Project - Project Priority for State Funds.

Section 3318.112 | Standards for Solar-Ready Equipment.

Section 3318.12 | Transfer and Disbursement of Funds.

Section 3318.121 | Transfer of Earnings From Big-8 Project Fund to Special Fund.

Section 3318.13 | Including Balance Due in District Tax Budget.

Section 3318.14 | County Treasurer to Pay Proceeds of Tax Levy.

Section 3318.15 | Public School Building Fund.

Section 3318.16 | Commission Has Interest in Real Property Purchased With School District's Project Construction Fund.

Section 3318.17 | Rate and Maximum Period of Tax Levies.

Section 3318.18 | Statewide Average Valuation per Pupil - Half-Mill Equalization Fund.

Section 3318.20 | Constitutionality.

Section 3318.21 | Educational Revitalization of Certain Districts Definitions.

Section 3318.22 | Authorization to Provide Assistance and Contribute to Educational Revitalization of Certain Districts.

Section 3318.25 | School Building Program Assistance Fund.

Section 3318.26 | Issuing Obligations of State.

Section 3318.28 | Alternative, Supplemental Provisions.

Section 3318.29 | Maximum Maturity and Terms of Obligations.

Section 3318.311 | Design Specifications Classroom Facilities for Joint Vocational Education Programs.

Section 3318.351 | School Building Emergency Assistance Program.

Section 3318.36 | School Building Assistance Expedited Local Partnership Program.

Section 3318.361 | Proposing Tax Levy for Expedited Local Partnership Program Purposes.

Section 3318.362 | Term of Bonds.

Section 3318.363 | Tax Valuation Decrease.

Section 3318.364 | Assistance for Schools That Have Entered Into an Expedited Local Partnership Agreement.

Section 3318.37 | Exceptional Needs School Facilities Assistance Program.

Section 3318.371 | Assistance for Relocation or Replacement of Classroom Facilities Due to Contamination.

Section 3318.38 | Accelerated Urban School Building Assistance Program.

Section 3318.39 | 1:1 School Facilities Option Program.

Section 3318.40 | Vocational School Facilities Assistance Program.

Section 3318.41 | Annual Assessment of Needs.

Section 3318.42 | Selecting Districts for Assistance.

Section 3318.43 | Moneys Dedicated to Maintenance of Classroom Facilities.

Section 3318.44 | Generating District's Portion of Basic Project Cost.

Section 3318.45 | Election on Issuing Securities to Generate District's Portion of Basic Project Cost.

Section 3318.46 | Expenditure of Local Resources Prior to School District's Eligibility for State Assistance.

Section 3318.47 | Transfer of Amounts to Rc 3318.15 Fund.

Section 3318.48 | Certificate of Completion.

Section 3318.49 | Corrective Action Program.

Section 3318.50 | Community School Classroom Facilities Loan Guarantee Program.

Section 3318.52 | Community School Classroom Facilities Loan Guarantee Fund.

Section 3318.60 | College-Preparatory Boarding School Facilities Program.

Section 3318.61 | Alternative to Participation in College-Preparatory Boarding School Facilities Program; Leasing of Facilities to Person or Entity; Agreement.

Section 3318.62 | Agreements to Provide Facilities Assistance; Mandatory Stipulations.

Section 3318.70 | Funding to Assist Stem Schools in the Acquisition of Classroom Facilities.

Section 3318.71 | Guidelines for Acquisition of Classroom Facilities to Be Used for a Joint Science, Technology, Engineering, and Mathematics Education programs..