Ohio § 761.12
Full text of Ohio Ohio Revised Code § 761.12, with citation guidance and answers to common questions.
§ 761.12.
Moneys in the funds established under sections 761.10 and 761.11 of the Revised Code , except as otherwise provided in any ordinance authorizing such revenue bonds or
in any trust agreement securing such bonds, in excess of current needs, may be invested
in notes, bonds, or other obligations of the United States. If the law or the instrument creating a trust pursuant to section 761.09 of the Revised Code expressly permits investment in direct obligations of the United States or an agency
thereof, unless expressly prohibited by the instrument, such moneys also may be invested
in no front end load money market mutual funds consisting exclusively of obligations
of the United States or an agency thereof and in repurchase agreements, including
those issued by the fiduciary itself, secured by obligations of the United States
or an agency thereof; and in collective investment funds established in accordance
with section 1111.14 of the Revised Code and consisting exclusively of any such securities, notwithstanding division (A)(1)(c)
of that section. Income from all such investments of money in any fund shall be credited to such funds
as the municipal corporation determines subject to the provisions of any such ordinance
or trust agreement, and such investments may be sold at such time as the municipal
corporation shall determine.
Frequently Asked Questions About Ohio § 761.12
What does Ohio Revised Code § 761.12 cover?
Section 761.12 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 § 761.12?
A common citation format is "Ohio Revised Code § 761.12" (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 § 761.12 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.