Ohio Code § 501.04
Ohio Code § 501.04. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 501.04.
The board of education of each school district, with regard to lands appropriated
by congress for the support of schools and ministerial purposes that have been allocated
for the benefit of that district, may sell or dispose of such lands as provided in
this section. Moneys received from their sale or disposition, or from annual rentals from leases
that have not yet expired, shall belong to the school district for which such lands
have been allocated. All funds held by the state from the sale or disposition of these lands and interest
thereon before the effective date of this amendment shall be paid from the school
district deposit fund in the custody of the treasurer of state to the school districts
for whose benefit the lands have been allocated, on a pro rata basis. A school board may use moneys from the sale, disposition, or annual rentals of the
lands to pay expenses it incurs in the operation and maintenance of these lands. If the total value of the lands credited to a school district under the terms of
the original grant exceeds fifty thousand dollars, as determined by an appraisal conducted
by at least two disinterested appraisers, the lands or any part thereof shall be sold
upon specific authorization of the general assembly. In the event the sale of such lands has not been authorized and the lease or leases
thereon expire, the school board may renew or lease anew such land. Lands and funds to the credit of any school district under the terms of the original
grant shall be administered by the board of education of the school district, by an
education foundation fund designated by the board, or by another person or entity
designated by the board.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 501.04
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 501.04?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 501.04 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 501.04 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.