Ohio Statutes
§ 3313.484 — Loans after 3-1-98 prohibited - subsidy for interest expense
Ohio § 3313.484
This text of Ohio § 3313.484 (Loans after 3-1-98 prohibited - subsidy for interest expense) 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. § 3313.484 (2026).
Text
No loan shall be approved under sections3313.483to3313.4810of the Revised Code after March 1, 1998.
By the last day of June each year, the department of education and workforce shall calculate and pay a subsidy to every school district that during the current fiscal year paid and was obligated to pay interest on a loan under sections3313.483to3313.4810of the Revised Code in excess of two per cent simple interest. The amount of the subsidy shall equal the difference between the amount of interest the district paid and was obligated to pay during the year and the interest that the district would have been obligated to pay if the interest rate on the loan had been two per cent per year.
Last updated July 31, 2023 at 4:24 PM
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Legislative History
Effective: October 3, 2023 | Latest Legislation: House Bill 33 - 135th General Assembly
Nearby Sections
15
§ 3313.03
Redistricting into subdistricts§ 3313.06
Election - expense of commission§ 3313.07
Adoption by majority vote§ 3313.08
Election of members§ 3313.09
Term of office of members§ 3313.10
Oath of office of member§ 3313.11
Vacancy in board§ 3313.12
Compensation and mileage§ 3313.13
Membership restriction§ 3313.131
Member of governing authority of community school prohibited from membership on board of education§ 3313.14
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Bluebook (online)
Ohio § 3313.484, Counsel Stack Legal Research, https://law.counselstack.com/statute/oh/3313.484.