Effective: April 12, 2021
Latest Legislation: Senate Bill 331 - 133rd General Assembly
The board of education of each school district, with regard to lands appropriated by congress for the support of schools and ministerial purposes that have been allocated for the benefit of that district, may sell or dispose of such lands as provided in this section. Moneys received from their sale or disposition, or from annual rentals from leases that have not yet expired, shall belong to the school district for which such lands have been allocated. All funds held by the state from the sale or disposition of these lands and interest thereon before the effective date of this amendment shall be paid from the school district deposit fund in the custody of the treasurer of state to the school districts for whose benefit the lands have been allocated, on a pro rata basis. A school board may use moneys from the sale, disposition, or annual rentals of the lands to pay expenses it incurs in the operation and maintenance of these lands. If the total value of the lands credited to a school district under the terms of the original grant exceeds fifty thousand dollars, as determined by an appraisal conducted by at least two disinterested appraisers, the lands or any part thereof shall be sold upon specific authorization of the general assembly. In the event the sale of such lands has not been authorized and the lease or leases thereon expire, the school board may renew or lease anew such land. Lands and funds to the credit of any school district under the terms of the original grant shall be administered by the board of education of the school district, by an education foundation fund designated by the board, or by another person or entity designated by the board.
Structure Ohio Revised Code
Chapter 501 | Original Surveyed Townships
Section 501.01 | Board of Education to Supervise School and Ministerial Lands.
Section 501.02 | Board of Education to Enforce Laws.
Section 501.03 | Auditor of State and Department of Administrative Services - Duties.
Section 501.04 | Sale or Disposition of School Lands.
Section 501.06 | Lands Appropriated by Congress for Support of Schools and Ministerial Purposes.
Section 501.07 | Appraisal and Sale of Lands.
Section 501.08 | Substantial Improvements Added at Expense of Lessee.
Section 501.09 | Renewable Lease.
Section 501.10 | Sale or Lease Anew of Lands in Default of Rent Payment.
Section 501.11 | Certification of Proceedings.