Ohio § 5705.16
Full text of Ohio Ohio Revised Code § 5705.16, with citation guidance and answers to common questions.
§ 5705.16.
A resolution of the taxing authority of any political subdivision shall be passed
by a majority of all the members thereof, declaring the necessity for the transfer
of funds authorized by section 5705.15 of the Revised Code , and such taxing authority shall submit to the tax commissioner a petition that includes
the name and amount of the fund, the fund to which it is desired to be transferred,
a copy of such resolution with a full statement of the proceedings pertaining to its
passage, and the reason or necessity for the transfer. The commissioner shall approve the transfer of such funds upon determining each
of the following: (A) The petition states sufficient facts; (B) That there are good reasons, or that a necessity exists, for the transfer; (C) No injury will result from the transfer of such funds. If the petition is disapproved by the commissioner, it shall be returned within thirty
days of its receipt to the officers who submitted it, with a memorandum of the commissioner's
objections, and the taxing authority shall not transfer the funds as requested by
the petition. This disapproval shall not prejudice a later application for approval. If the petition is approved by the commissioner, it shall be returned within thirty
days of its receipt to the officers who submitted it, and the taxing authority may
transfer the funds as requested by the petition.
Frequently Asked Questions About Ohio § 5705.16
What does Ohio Revised Code § 5705.16 cover?
Section 5705.16 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5705.16?
A common citation format is "Ohio Revised Code § 5705.16" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5705.16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.