Ohio § 3315.34 Promissory note of scholarship fund recipient - renewal of scholarship

Ohio Statutes

§ 3315.34 — Promissory note of scholarship fund recipient - renewal of scholarship

Ohio § 3315.34

Title 33Education-Libraries

Ch. 3315School Funds

This text of Ohio § 3315.34 (Promissory note of scholarship fund recipient - renewal of scholarship) 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. § 3315.34 (2026).

Text

Each person who receives a scholarship shall execute a promissory note which shall be endorsed by some responsible citizen, and shall deliver said note to the department of education and workforce or to its representative. Each such note shall be made payable to the treasurer of state for the amount of the quarterly or semi-annual payment, and shall bear interest at the rate of five per cent per annum from the date of the note. The department shall hold said note until it has been paid or cancelled as prescribed in section3315.35of the Revised Code.

Each person awarded a scholarship under the terms of sections3315.33to3315.35of the Revised Code shall be eligible upon the completion of satisfactory work during the first year, under rules and regulations promulgated by the department, to ha

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Each person who receives a scholarship shall execute a promissory note which shall be endorsed by some responsible citizen, and shall deliver said note to the department of education and workforce or to its representative. Each such note shall be made payable to the treasurer of state for the amount of the quarterly or semi-annual payment, and shall bear interest at the rate of five per cent per annum from the date of the note. The department shall hold said note until it has been paid or cancelled as prescribed in section3315.35of the Revised Code.

Each person awarded a scholarship under the terms of sections3315.33to3315.35of the Revised Code shall be eligible upon the completion of satisfactory work during the first year, under rules and regulations promulgated by the department, to have the scholarship renewed for a period not to exceed one additional year.

Last updated August 21, 2023 at 4:54 PM