Ohio § 3735.37 Annual report

Ohio Statutes

§ 3735.37 — Annual report

Ohio § 3735.37

Title 37Health-Safety-Morals

Ch. 3735Metropolitan Housing Authority

This text of Ohio § 3735.37 (Annual report) 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. § 3735.37 (2026).

Text

A metropolitan housing authority shall keep an  accurate account of all its activities and of all receipts and  expenditures and make an annual report of these publicly  available. All moneys received in excess of operating expenditures  shall be devoted to the payment of interest and sinking fund  charges for the retirement of indebtedness, whether secured by  mortgage or otherwise, and from the excess there shall be set  aside such fund as the authority deems proper for the purpose of  covering repairs, depreciation, and reserves. Whatever balance  then remains shall be applied to the reduction of rentals  thereafter falling due.

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A metropolitan housing authority shall keep an accurate account of all its activities and of all receipts and expenditures and make an annual report of these publicly available. All moneys received in excess of operating expenditures shall be devoted to the payment of interest and sinking fund charges for the retirement of indebtedness, whether secured by mortgage or otherwise, and from the excess there shall be set aside such fund as the authority deems proper for the purpose of covering repairs, depreciation, and reserves. Whatever balance then remains shall be applied to the reduction of rentals thereafter falling due.