Ohio Code § 746.05
Ohio Code § 746.05. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 746.05.
(A) Not later than the thirtieth day of September of each year, the railway board of
trustees shall certify to the municipal corporation the principal amount remaining
in the trust fund, and the amount of funds that the railway board of trustees will
disburse to the municipal corporation over the course of the municipal corporation's
immediately following fiscal year. During the municipal corporation's immediately following fiscal year, and with such
frequency and in such installments as may be determined by the railway board of trustees
after consultation with the fiscal officer of the municipal corporation, the railway
board of trustees shall transmit to the municipal corporation the certified amount. (B) The railway board of trustees shall determine the amount transferred pursuant to
this section, which, except as provided in division (C) of this section, shall be
not less than the amount approved by the electors as provided in section 746.02 of the Revised Code , increased each year in the manner set forth in the methodology approved pursuant
to that section. Amounts transferred pursuant to this section shall be paid from investment earnings
of the trust fund after payments of expenses incurred under section 746.04 of the Revised Code . If there are not sufficient investment earnings in a year to pay the amount certified
pursuant to this section, the railway board of trustees shall remit the remainder
of the certified amount to the municipal corporation from the principal amount of
the trust fund, except as provided in division (C) of this section. (C) If the principal amount in the trust fund, as certified by the railway board of trustees
under division (A) of this section, is at an amount seventy-five per cent or less
than the principal amount in the trust fund certified by the railway board of trustees
in the previous fiscal year under division (A) of this section, the railway board
of trustees shall cease making disbursements from the trust fund to the municipal
corporation. The railway board of trustees shall resume making disbursements under this section
when the railway board of trustees has certified to the municipal corporation, under
division (A) of this section, that the principal amount in the trust fund is equal
to or greater than the principal amount in the trust fund as certified by the railway
board of trustees in the fiscal year before the fiscal year in which disbursements
ceased.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 746.05
- 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 § 746.05?
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 § 746.05 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 § 746.05 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?
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