Ohio § 5705.09 Establishment of funds

Ohio Statutes

§ 5705.09 — Establishment of funds

Ohio § 5705.09

Title 57Taxation

Ch. 5705Tax Levy Law

This text of Ohio § 5705.09 (Establishment of funds) 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. § 5705.09 (2026).

Text

Each subdivision shall establish the following funds:

(A)General fund;

(B)Sinking fund whenever the subdivision has outstanding bonds other than serial bonds;

(C)Bond retirement fund, for the retirement of serial bonds, notes, or certificates of indebtedness;

(D)A special fund for each special levy;

(E)A special bond fund for each bond issue;

(F)A special fund for each class of revenues derived from a source other than the general property tax, which the law requires to be used for a particular purpose;

(G)A special fund for each public utility operated by a subdivision;

(H)A trust fund for any amount received by a subdivision in trust.

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Each subdivision shall establish the following funds:

(A) General fund;

(B) Sinking fund whenever the subdivision has outstanding bonds other than serial bonds;

(C) Bond retirement fund, for the retirement of serial bonds, notes, or certificates of indebtedness;

(D) A special fund for each special levy;

(E) A special bond fund for each bond issue;

(F) A special fund for each class of revenues derived from a source other than the general property tax, which the law requires to be used for a particular purpose;

(G) A special fund for each public utility operated by a subdivision;

(H) A trust fund for any amount received by a subdivision in trust.