3315.171 Sources of revenue for textbook and instructional materials fund. - Ohio Statutes

3315.171 Sources of revenue for textbook and instructional materials fund.

As used in this section, “securities” has the same meaning as in section 133.01 of the Revised Code. The board of education of a city, exempted village, local, or joint vocational school district may replace revenues received for operating expenses with money received from any of the following sources in meeting the amount required by division (A) of section 3315.17 of the Revised Code to be deposited in the district’s textbook and instructional materials fund:

(A) A permanent improvement levy authorized by section 5705.21 of the Revised Code to the extent the proceeds are restricted by the district board to expenditures for textbooks, instructional software, and instructional materials, supplies, and equipment;

(B) The proceeds of securities whose use is restricted to expenditures for textbooks, instructional software, and instructional materials, supplies, and equipment;

(C) The proceeds of any school district income tax levied under Chapter 5748. of the Revised Code for permanent improvements, to the extent the proceeds are restricted to expenditures for textbooks, instructional software, and instructional materials, supplies, and equipment;

(D) Any other revenue source identified by the auditor of state, in consultation with the department of education, in rules adopted by the auditor of state.

Effective Date: 09-16-1998