Section 3318.16 — Commission has interest in real property purchased with school district's project construction fund.
53 words·~1 min read·
/oh/title-33-education-libraries/chapter-3318-school-facilities/3318-16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Ohio facilities construction 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.