Ohio Code 3375.391 – Treasurer to credit earnings on investments
Current as of: 2023 | Check for updates
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The board of library trustees of any free public library district may adopt a resolution requiring the treasurer of the district to credit the earnings made on the investment of the principal of the moneys specified in the resolution to the fund from which the earnings arose or any other fund of the district as the board specifies in its resolution.
Terms Used In Ohio Code 3375.391
- board of library trustees: means the board of library trustees appointed pursuant to sections 3375. See Ohio Code 3375.404
- Bond: includes an undertaking. See Ohio Code 1.02
- Public library: means any of the libraries provided for in sections 3375. See Ohio Code 3375.404
This section does not apply to the earnings made on the investment of any bond retirement fund or any sinking fund.