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2006 Ohio Revised Code - 3316. Fiscal Watches, Emergencies.
- 3316.01. Definitions.
- 3316.02. State policy and intention to require school district fiscal integrity; relation to other provisions.
- 3316.03. Declaration of state of fiscal watch or fiscal emergency.
- · · · [3316.03.1] 3316.031.Identification of unsafe fiscal practices and budgetary conditions; declaration of fiscal caution or watch.
- 3316.04. District board to submit financial plan after declaration of watch; assistance to board; annual updated plan; effect of restructuring or refinancing loan.
- · · · [3316.04.1] 3316.041.Requirements for restructuring or refinancing loan; issuance of securities.
- · · · [3316.04.2] 3316.042.Performance audits.
- · · · [3316.04.3] 3316.043.Updated five-year projections for fiscal watch and emergency districts.
- 3316.05. Financial planning and supervision commission established after declaration of fiscal emergency.
- 3316.06. Commission to adopt financial recovery plan.
- · · · [3316.06.1] 3316.061.Dissolution of commission and appointment of fiscal arbitrator.
- 3316.07. Powers, duties and functions of commission.
- 3316.08. Determination and certification of operating deficit; submission of tax levy.
- 3316.09. Payment of expenses of commission and members.
- 3316.10. Instruction to board to develop effective financial accounting and reporting system.
- 3316.11. Duty of board, officers and employees to cooperate with commission.
- 3316.12. Effect of recovery plan on appropriations, expenditures, certificates of estimated resources and tax budget.
- 3316.13. Duty to comply with commission certification, notification, order or request.
- 3316.14. Prior approval required for debt obligation.
- 3316.16. Termination of commission.
- 3316.17. Removal of superintendent or treasurer.
- 3316.18. Severability of provisions; intent of authority granted to commission; presumed validity of acts; docket priority of challenges.
- 3316.19. Prohibitions during fiscal emergency.
- 3316.20. Solvency assistance fund; shared resource and catastrophic expenditures accounts.
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