2006 Ohio Revised Code - [3318.02.4] 3318.024.Use of funds remaining from previous biennium or first year of current biennium.
[§ 3318.02.4] § 3318.024. Use of funds remaining from previous biennium or first year of current biennium.
In the first year of a capital biennium, any funds appropriated to the Ohio school facilities commission for classroom facilities projects under this chapter in the previous capital biennium that were not spent or encumbered, or for which an encumbrance has been canceled under
section 3318.05 of the Revised Code, shall be used by the commission only for projects under
sections 3318.01 to
3318.20 of the Revised Code, subject to appropriation by the general assembly.
In the second year of a capital biennium, any funds appropriated to the Ohio school facilities commission for classroom facilities projects under this chapter that were not spent or encumbered in the first year of the biennium and which are in excess of an amount equal to half of the appropriations for the capital biennium, or for which an encumbrance has been canceled under
section 3318.05 of the Revised Code, shall be used by the commission only for projects under
sections 3318.01 to
3318.20 of the Revised Code, subject to appropriation by the general assembly.
HISTORY: 150 v H 95, § 1, eff. 9-26-03.
The effective date is set by section 179 of H.B. 95 (150 v - ).
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