Ohio § 5705.2113

§ 5705.2113.

The fiscal board of a qualifying partnership may declare that it is necessary to issue

general obligation bonds for the purpose of acquiring classroom facilities and necessary

appurtenances and to levy a tax in excess of the ten-mill limitation to pay debt charges

on the bonds as provided in section 133.18 of the Revised Code , subject to the following: (A) The issuance of the bonds and the levy of the tax is subject to approval by a majority

of the electors in the combined territory of all participating school districts, not

necessarily by a majority of electors in each participating school district. (B) Before proposing the question of issuing bonds to the electors, the fiscal board

shall obtain identical resolutions adopted by a majority of the members of the board

of education of each participating school district specifying all of the matters required

by division (B) of section 133.18 of the Revised Code . (C) The maximum maturity of the bonds shall be fifteen years, notwithstanding section 133.20 of the Revised Code . (D) The bonds are Chapter 133. securities for the purposes of Chapter 133. of the Revised

Code and other law applying to Chapter 133. securities, except as otherwise provided

in this section. (E) The combined territory and tax valuation of all participating school districts is

the territory and tax valuation of the subdivision for the purposes of that section. (F) The fiscal board is a “taxing authority” for the purposes of Chapter 133. of the

Revised Code with respect to the tax and bonds authorized under this section, and

the treasurer of the school district serving as the fiscal board is the fiscal officer

for the purposes of that chapter.