Ohio § 746.05
Full text of Ohio Ohio Revised Code § 746.05, with citation guidance and answers to common questions.
§ 746.05.
(A) Not later than the thirtieth day of September of each year, the railway board of
trustees shall certify to the municipal corporation the principal amount remaining
in the trust fund, and the amount of funds that the railway board of trustees will
disburse to the municipal corporation over the course of the municipal corporation's
immediately following fiscal year. During the municipal corporation's immediately following fiscal year, and with such
frequency and in such installments as may be determined by the railway board of trustees
after consultation with the fiscal officer of the municipal corporation, the railway
board of trustees shall transmit to the municipal corporation the certified amount. (B) The railway board of trustees shall determine the amount transferred pursuant to
this section, which, except as provided in division (C) of this section, shall be
not less than the amount approved by the electors as provided in section 746.02 of the Revised Code , increased each year in the manner set forth in the methodology approved pursuant
to that section. Amounts transferred pursuant to this section shall be paid from investment earnings
of the trust fund after payments of expenses incurred under section 746.04 of the Revised Code . If there are not sufficient investment earnings in a year to pay the amount certified
pursuant to this section, the railway board of trustees shall remit the remainder
of the certified amount to the municipal corporation from the principal amount of
the trust fund, except as provided in division (C) of this section. (C) If the principal amount in the trust fund, as certified by the railway board of trustees
under division (A) of this section, is at an amount seventy-five per cent or less
than the principal amount in the trust fund certified by the railway board of trustees
in the previous fiscal year under division (A) of this section, the railway board
of trustees shall cease making disbursements from the trust fund to the municipal
corporation. The railway board of trustees shall resume making disbursements under this section
when the railway board of trustees has certified to the municipal corporation, under
division (A) of this section, that the principal amount in the trust fund is equal
to or greater than the principal amount in the trust fund as certified by the railway
board of trustees in the fiscal year before the fiscal year in which disbursements
ceased.
Frequently Asked Questions About Ohio § 746.05
What does Ohio Revised Code § 746.05 cover?
Section 746.05 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 § 746.05?
A common citation format is "Ohio Revised Code § 746.05" (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 § 746.05 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.