3306.08 Operations and maintenance support component. - Ohio Statutes

3306.08 Operations and maintenance support component.

(A) The operations and maintenance support component of the adequacy amount for each city, local, and exempted village school district shall be calculated by multiplying the district’s formula ADM times $884.

(B) The operations and maintenance support for each city, local, and exempted village school district shall be adjusted by multiplying the calculated amount by 0.45 in fiscal years 2010 and 2011, and by 0.75 in fiscal years 2012 and 2013.

(C)Each school district shall account separately for expenditures of the amounts received for operations and maintenance support under this section and report that information to the department of education.

Added by 128th General Assembly File No. 9, HB 1, § 101.01, eff. 7/17/2009.