§ 3316.01 Fiscal watch – fiscal emergency definitions
§ 3316.02 Solvency assistance fund – shared resource account – catastrophic expenditures account
§ 3316.03 Auditor of state to declare fiscal watch or fiscal emergency
§ 3316.031 Identifying unsafe fiscal practices and budgetary conditions
§ 3316.04 Submitting financial plan after declaration of watch
§ 3316.041 Restructuring or refinancing loans
§ 3316.042 Performance audits of school district
§ 3316.043 Revision of five-year projection to conform to financial plan
§ 3316.05 Financial planning and supervision commission
§ 3316.06 Commission to adopt financial recovery plan
§ 3316.061 Dissolution of commission for failure to comply and appointment of fiscal arbitrator
§ 3316.07 Commission – powers, duties and functions
§ 3316.08 Annual determination of operating deficit – tax levy proposal
§ 3316.09 Expenses of commission and members of commission to be paid
§ 3316.10 School district board to develop financial accounting and reporting system
§ 3316.11 Board, officers and employees to provide commission with fiscal information
§ 3316.12 Effect of financial recovery plan
§ 3316.13 Duty to act pursuant to certification, notification, order or request of commission
§ 3316.14 Prior approval of commission required for debt obligation
§ 3316.16 Criteria for termination of commission
§ 3316.17 Commission may remove superintendent or treasurer of school district
§ 3316.18 Severability
§ 3316.19 Prohibited acts during fiscal emergency
§ 3316.20 School district solvency assistance fund; shared resource account; catastrophic expenditures account

Terms Used In Ohio Code > Chapter 3316 - Fiscal Watches, Emergencies

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Another: when used to designate the owner of property which is the subject of an offense, includes not only natural persons but also every other owner of property. See Ohio Code 1.02
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Balanced budget: A budget in which receipts equal outlays.
  • Bond: includes an undertaking. See Ohio Code 1.02
  • Child: includes child by adoption. See Ohio Code 1.59
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Docket: A log containing brief entries of court proceedings.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • Fiscal emergency: means the existence of a fiscal emergency declared under division (B) of section 3316. See Ohio Code 3316.01
  • Fiscal emergency period: means the period of time commencing on the day when the auditor of state declares that a school district is in a state of fiscal emergency under division (B) of section 3316. See Ohio Code 3316.01
  • Fiscal watch: means the existence of a fiscal watch declared under division (A) of section 3316. See Ohio Code 3316.01
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • in writing: includes any representation of words, letters, symbols, or figures; this provision does not affect any law relating to signatures. See Ohio Code 1.59
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
  • Population: means that shown by the most recent regular federal census. See Ohio Code 1.59
  • Property: means real and personal property. See Ohio Code 1.59
  • Quorum: The number of legislators that must be present to do business.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Rule: includes regulation. See Ohio Code 1.59
  • state: means the state of Ohio. See Ohio Code 1.59
  • Statute: A law passed by a legislature.
  • United States: includes all the states. See Ohio Code 1.59
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.