Ohio Code 3318.16 – Commission has interest in real property purchased with school district’s project construction fund
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The Ohio facilities construction commission shall have an interest in real property purchased with moneys in the school district’s project construction fund.
Terms Used In Ohio Code 3318.16
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Once obligations issued to finance a project under section 3318.26 of the Revised Code are no longer outstanding, any interest held by the commission shall be transferred to the school district.