Ohio Code § 5705.312
Ohio Code § 5705.312. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5705.312.
The county budget commission shall not increase the minimum levy of a municipal corporation
pursuant to division (D) of section 5705.31 of the Revised Code to pay debt service unless moneys available to pay such debt service are insufficient
after applying divisions (A) to (C) of this section: (A) The amount of debt service on unvoted general obligations of the municipal corporation,
not otherwise provided for, shall be charged against the minimum levy of the municipal
corporation pursuant to division (D) of section 5705.31 of the Revised Code to the full extent of such levy that may lawfully be used for such purpose, if necessary,
without preserving to the municipal corporation any operating levy within the ten-mill
limitation. (B) The amount of debt service on unvoted general obligations of the municipal corporation,
not otherwise provided for, after application of division (A) of this section shall
be paid from receipts of any income tax levied by the municipal corporation that may
lawfully be used for such purpose. (C) The amount of debt service on unvoted general obligations of the municipal corporation,
not otherwise provided for, after application of divisions (A) and (B) of this section
shall be paid from the receipts of any levy in excess of the ten-mill limitation available
for current expenses of the municipal corporation that may lawfully be used for such
purpose. Moneys produced by the application of divisions (A) to (C) of this section shall be
placed in the bond retirement fund of the municipal corporation by the county auditor
or the officer of the municipal corporation collecting such taxes, as appropriate.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5705.312
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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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
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What subject does Ohio Revised Code § 5705.312 address?
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Is Ohio Revised Code § 5705.312 still in force?
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