2006 Ohio Revised Code - 5747.61. Local government revenue assistance fund.

§ 5747.61. Local government revenue assistance fund.
 

(A)  As used in this section: 

(1) "Fiscal year" means the calendar year. 

(2) "Year's fund balance" means for any fiscal year, the total of the amount available in the local government revenue assistance fund for distribution under this section during that year. 

(3) "Population" means the more recent of either the latest federal estimated census figures, or the latest decennial census figures, that include population totals for each county in the state as of the first day of June preceding the year for which the computation is made. 

(4) "County's proportionate share" for a fiscal year means the amount obtained by dividing the county's population by the state's population. 

(B)  There is hereby created in the state treasury the local government revenue assistance fund. The fund shall consist of the taxes credited to it under sections 5727.45, 5733.12, 5739.21, 5741.03, and 5747.03 of the Revised Code and shall be distributed among the counties of the state as provided in division (D) of this section. 

(C)  Annually by the twenty-fifth day of July, the tax commissioner shall: 

(1) Determine each county's proportionate share for the ensuing fiscal year; 

(2) Estimate the ensuing year's fund balance; and 

(3) Compute and certify to the county auditor of each county that county's estimated proceeds for the ensuing fiscal year based on the county's proportionate share and the estimated fund balance. 

(D)  On or before the tenth day of each month, the commissioner shall distribute to counties the amount credited to the local government revenue assistance fund from taxes received during the preceding month. The amount payable to each county shall be determined by multiplying the county's proportionate share for the fiscal year in which the distribution is made by the total amount to be distributed from the local government revenue assistance fund in that month. Each county's payment shall be made to the county treasurer. 

(E)  Money paid into the treasury of a county under this section shall be credited to the undivided local government revenue assistance fund, which each county shall create in its treasury. By the twentieth day of each month the county auditor shall issue warrants against the undivided local government revenue assistance fund to distribute the balance in the fund to the county and the municipal corporations, townships, and park districts in the county allowed as provided by the county budget commission pursuant to section 5747.62 of the Revised Code. Except as otherwise expressly provided by the commission, the amount to be distributed to each participating subdivision in each month of a fiscal year shall be the same per cent of that month's distributions that the amount apportioned to the subdivision for the fiscal year is of the total amount apportioned to all subdivisions. 
 

HISTORY: 142 v H 171, § 3.03 (Eff 7-1-89); 143 v H 111. Eff 7-1-89.