Ohio § 3311.751 Disposition of proceeds from sale of real estate by municipal school district

Ohio Statutes

§ 3311.751 — Disposition of proceeds from sale of real estate by municipal school district

Ohio § 3311.751

Title 33Education-Libraries

Ch. 3311School Districts; County Planning

This text of Ohio § 3311.751 (Disposition of proceeds from sale of real estate by municipal school district) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 3311.751 (2026).

Text

Notwithstanding division (F) of section5705.10of the Revised Code, if a municipal school district board of education sells real property that it owns in its corporate capacity, moneys received from the sale may be paid into the general fund of the district, as long as all of the following conditions are satisfied:

(A)The district has owned the real property for at least ten years.

(B)The real property and any improvements to that real property were not acquired with the proceeds of public obligations, as defined in section133.01of the Revised Code, of the district that are outstanding at the time of the sale.

(C)The deposit of those moneys in that manner is not prohibited by any agreements the district board has entered into with the Ohio facilities construction commission.

Free access — add to your briefcase to read the full text and ask questions with AI

Notwithstanding division (F) of section5705.10of the Revised Code, if a municipal school district board of education sells real property that it owns in its corporate capacity, moneys received from the sale may be paid into the general fund of the district, as long as all of the following conditions are satisfied:

(A) The district has owned the real property for at least ten years.

(B) The real property and any improvements to that real property were not acquired with the proceeds of public obligations, as defined in section133.01of the Revised Code, of the district that are outstanding at the time of the sale.

(C) The deposit of those moneys in that manner is not prohibited by any agreements the district board has entered into with the Ohio facilities construction commission.