Ohio § 3318.362 Term of bonds

Ohio Statutes

§ 3318.362 — Term of bonds

Ohio § 3318.362

Title 33Education-Libraries

Ch. 3318School Facilities

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Bluebook

Ohio Rev. Code Ann. § 3318.362 (2026).

Text

This section applies only to a school district that participates in the school building assistance expedited local partnership program under section3318.36of the Revised Code.

A school district board that enters into an agreement with the Ohio facilities construction commission under division (B) of section3318.36of the Revised Code may propose for issuance any bonds necessary for its participation in the program under section3318.36of the Revised Code for any number of years not exceeding the term calculated pursuant to section133.20of the Revised Code. Any moneys received from the state under division (E)(2) of section3318.36of the Revised Code shall be applied, as agreed in writing by the school district board and the commission, to pay debt service on outstanding bonds or bond anticip

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This section applies only to a school district that participates in the school building assistance expedited local partnership program under section3318.36of the Revised Code.

A school district board that enters into an agreement with the Ohio facilities construction commission under division (B) of section3318.36of the Revised Code may propose for issuance any bonds necessary for its participation in the program under section3318.36of the Revised Code for any number of years not exceeding the term calculated pursuant to section133.20of the Revised Code. Any moneys received from the state under division (E)(2) of section3318.36of the Revised Code shall be applied, as agreed in writing by the school district board and the commission, to pay debt service on outstanding bonds or bond anticipation notes issued by the school district board for its participation in the expedited local partnership program, including by placing those moneys in an applicable escrow fund under division (D) of section133.34of the Revised Code.