Ohio § 3315.14 When replacement fund may be reduced, disposed of, or expended

Ohio Statutes

§ 3315.14 — When replacement fund may be reduced, disposed of, or expended

Ohio § 3315.14

Title 33Education-Libraries

Ch. 3315School Funds

This text of Ohio § 3315.14 (When replacement fund may be reduced, disposed of, or expended) 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. § 3315.14 (2026).

Text

The replacement fund shall not be reduced, disposed of, or expended for purposes other than those specified in section3315.11of the Revised Code, except by a strict compliance with sections5705.15and5705.16of the Revised Code. Whenever the replacement fund reaches the maximum amount deemed necessary by the board of education for the purposes specified in section3315.11of the Revised Code, the interest received from investments of said fund may be used by the board for any authorized school purposes.

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The replacement fund shall not be reduced, disposed of, or expended for purposes other than those specified in section3315.11of the Revised Code, except by a strict compliance with sections5705.15and5705.16of the Revised Code. Whenever the replacement fund reaches the maximum amount deemed necessary by the board of education for the purposes specified in section3315.11of the Revised Code, the interest received from investments of said fund may be used by the board for any authorized school purposes.