3318.16 Commission has interest in real property purchased with school district's project construction fund.
3318.16 Commission has interest in real property purchased with school district's project construction fund.
The Ohio school facilities commission shall have an interest in real property purchased with moneys in the school district’s project construction fund. Once obligations issued to finance a project under section 3318.26 of the Revised Code are no longer outstanding, any interest held by the commission shall be transferred to the school district.
Effective Date: 09-28-1999