Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
The funds of any municipal university, college, or other educational institution shall be paid out by the treasurer of the municipal corporation upon the order of the board of directors of the municipal university, college, or other educational institution and the warrant of the auditor of the municipal corporation. The board may assume control and custody of such funds by adopting a resolution to that effect, whereupon such funds, upon their receipt by the treasurer, shall be paid over by him to the board upon the warrant of the auditor, and thereafter the possession and disbursement of such funds shall be subject to the order of the board.
At any time after such funds have been so paid over by the treasurer to the board, such funds, together with any other moneys coming into the custody and control of the board from any source, may, by resolution of the board, be deposited in a bank situated in the municipal corporation or county, upon similar terms as to surety or security as such funds or other public moneys coming into or remaining in the hands of the treasurer may be deposited in local banks. The board may require such a bank to pay interest thereon.
Structure Ohio Revised Code
Title 33 | Education-Libraries
Chapter 3349 | Municipal Educational Institutions
Section 3349.01 | Administration and Management of Municipal University.
Section 3349.02 | Board of Directors of University.
Section 3349.03 | Authority and Powers of Directors of Municipal University.
Section 3349.04 | Acquisition, Construction or Improvement of Buildings.
Section 3349.05 | Financing of University Facilities - Bonds.
Section 3349.06 | Bonds Are Lawful Investments.
Section 3349.07 | Agreements With United States.
Section 3349.08 | Liberal Construction of Statutes.
Section 3349.09 | Board May Confer Degrees.
Section 3349.10 | Village Solicitor or City Director of Law to Act as Attorney.
Section 3349.11 | Legislative Authority May Provide Site for Municipal University.
Section 3349.12 | Modification or Change of Grant.
Section 3349.13 | Annual Tax Levy for Municipal University - Rate - Application of Proceeds.
Section 3349.14 | Custody, Control, and Deposit of Funds.
Section 3349.15 | Construction and Improvement of Buildings.
Section 3349.16 | Board of Directors May Accept Educational Trusts.
Section 3349.17 | Exemption From Taxation.
Section 3349.18 | Application of Trust Funds.
Section 3349.19 | Trusteeship to Vest in Municipal Corporation.
Section 3349.20 | Accounts of Income and Expenditures.
Section 3349.21 | Investment of Funds.
Section 3349.22 | Citizens Not to Be Charged.
Section 3349.23 | Agreement With Board of Directors of Municipal University.
Section 3349.241 | Agreement Between Board of Education and Board of Directors.
Section 3349.243 | Consolidation of School District Terminates Agreement.
Section 3349.25 | Municipal University Taxing District.
Section 3349.26 | Agreements Not to Limit Municipal Taxing Power.
Section 3349.28 | Further Provisions in Agreements.
Section 3349.281 | Transfer of Institution to State Not to Reduce Employee Vacation Leave.
Section 3349.29 | Agreements to Be Approved by Legislative Authority.
Section 3349.30 | Illegality or Invalidity of Agreement Provisions.
Section 3349.31 | Agreements Providing for Establishment and Operation of Affiliated Units.
Section 3349.32 | Further Provisions in Affiliated Unit Agreements.