Ohio § 3313.4810 Receiving loans

Ohio Statutes

§ 3313.4810 — Receiving loans

Ohio § 3313.4810

Title 33Education-Libraries

Ch. 3313Boards of Education

This text of Ohio § 3313.4810 (Receiving loans) 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. § 3313.4810 (2026).

Text

Any school district receiving a loan under section3313.483of the Revised Code in excess of seven per cent of the general fund expenditures of the district during the fiscal year in which the loan is received and that has received a loan under that section within the last five years is subject to section3313.488of the Revised Code for the duration of the fiscal year in which the district receives the loan and during the ensuing two fiscal years. The controlling board may not relieve a school district to which this section applies from any requirements imposed under section3313.483of the Revised Code to implement recommendations of the director of education and workforce for expenditure reduction and may not modify any other requirements imposed under such section upon such a district as a c

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Any school district receiving a loan under section3313.483of the Revised Code in excess of seven per cent of the general fund expenditures of the district during the fiscal year in which the loan is received and that has received a loan under that section within the last five years is subject to section3313.488of the Revised Code for the duration of the fiscal year in which the district receives the loan and during the ensuing two fiscal years. The controlling board may not relieve a school district to which this section applies from any requirements imposed under section3313.483of the Revised Code to implement recommendations of the director of education and workforce for expenditure reduction and may not modify any other requirements imposed under such section upon such a district as a condition for receiving the loan unless expressly authorized to do so by law. The director shall, among any recommendations the director makes for expenditure reduction under section3313.483of the Revised Code affecting the number of employees of a school district to which this section applies, provide wherever possible for the retention of teachers who are actually involved in the daily teaching of students in the classroom.

Last updated July 31, 2023 at 4:27 PM