Ohio § 5705.312
Full text of Ohio Ohio Revised Code § 5705.312, with citation guidance and answers to common questions.
§ 5705.312.
The county budget commission shall not increase the minimum levy of a municipal corporation
pursuant to division (D) of section 5705.31 of the Revised Code to pay debt service unless moneys available to pay such debt service are insufficient
after applying divisions (A) to (C) of this section: (A) The amount of debt service on unvoted general obligations of the municipal corporation,
not otherwise provided for, shall be charged against the minimum levy of the municipal
corporation pursuant to division (D) of section 5705.31 of the Revised Code to the full extent of such levy that may lawfully be used for such purpose, if necessary,
without preserving to the municipal corporation any operating levy within the ten-mill
limitation. (B) The amount of debt service on unvoted general obligations of the municipal corporation,
not otherwise provided for, after application of division (A) of this section shall
be paid from receipts of any income tax levied by the municipal corporation that may
lawfully be used for such purpose. (C) The amount of debt service on unvoted general obligations of the municipal corporation,
not otherwise provided for, after application of divisions (A) and (B) of this section
shall be paid from the receipts of any levy in excess of the ten-mill limitation available
for current expenses of the municipal corporation that may lawfully be used for such
purpose. Moneys produced by the application of divisions (A) to (C) of this section shall be
placed in the bond retirement fund of the municipal corporation by the county auditor
or the officer of the municipal corporation collecting such taxes, as appropriate.
Frequently Asked Questions About Ohio § 5705.312
What does Ohio Revised Code § 5705.312 cover?
Section 5705.312 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 § 5705.312?
A common citation format is "Ohio Revised Code § 5705.312" (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 § 5705.312 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.