Ohio Revised Code Chapter 3316 - Fiscal Watches, Emergencies

• Section 3316.01 - Fiscal Watch - Fiscal Emergency Definitions.
  As used in this chapter: (A) "Fiscal watch" means the existence of a fiscal watch declared under division (A) of section 3316.03 of the...
• Section 3316.02 - Solvency Assistance Fund - Shared Resource Account - Catastrophic Expenditures Account.
  (A) Pursuant to the authority of the general assembly to provide for the public health, safety, and welfare, it is hereby declared to be...
• Section 3316.03 - Auditor Of State To Declare Fiscal Watch Or Fiscal Emergency.
  (A) The existence of a fiscal watch shall be declared by the auditor of state. The auditor of state may make a determination on...
• Section 3316.031 - Identifying Unsafe Fiscal Practices And Budgetary Conditions.
  (A) The state superintendent of public instruction, in consultation with the auditor of state, shall develop guidelines for identifying fiscal practices and budgetary conditions...
• Section 3316.04 - Submitting Financial Plan After Declaration Of Watch.
  (A) Within sixty days of the auditor's declaration under division (A) of section 3316.03 of the Revised Code, the board of education of the...
• Section 3316.041 - Restructuring Or Refinancing Loans.
  (A) Notwithstanding any provision of Chapter 133. or sections 3313.483 to 3313.4810 of the Revised Code, and subject to the approval of the superintendent...
• Section 3316.042 - Performance Audits Of School District.
  The auditor of state, on the auditor of state's initiative, may conduct a performance audit of a school district that is under a fiscal...
• Section 3316.043 - Revision Of Five-year Projection To Conform To Financial Plan.
  Upon the approval by the superintendent of public instruction of an initial financial plan under section 3316.04 of the Revised Code or a financial...
• Section 3316.05 - Financial Planning And Supervision Commission.
  (A) Pursuant to the powers of the general assembly and for the purposes of this chapter, upon the declaration of a fiscal emergency in...
• Section 3316.06 - Commission To Adopt Financial Recovery Plan.
  (A) Within one hundred twenty days after the first meeting of a school district financial planning and supervision commission, the commission shall adopt a...
• Section 3316.061 - Dissolution Of Commission For Failure To Comply And Appointment Of Fiscal Arbitrator.
  If any school district financial planning and supervision commission fails to submit to the state superintendent of public instruction under section 3316.06 of the...
• Section 3316.07 - Commission - Powers, Duties And Functions.
  (A) A school district financial planning and supervision commission has the following powers, duties, and functions: (1) To review or to assume responsibility for...
• Section 3316.08 - Annual Determination Of Operating Deficit - Tax Levy Proposal.
  During a school district's fiscal emergency period, the auditor of state shall determine annually, or at any other time upon request of the financial...
• Section 3316.09 - Expenses Of Commission And Members Of Commission To Be Paid.
  (A) The members of a school district financial planning and supervision commission shall serve without compensation, but shall be paid by the commission their...
• Section 3316.10 - School District Board To Develop Financial Accounting And Reporting System.
  A school district board that is instructed to do so by the school district financial planning and supervision commission for that district shall develop...
• Section 3316.11 - Board, Officers And Employees To Provide Commission With Fiscal Information.
  A school district board and all its officers and employees having possession of fiscal information or having the responsibility for developing that information, shall...
• Section 3316.12 - Effect Of Financial Recovery Plan.
  (A) No appropriation measure may be adopted nor any expenditure made contrary to the financial recovery plan adopted by a school district financial planning...
• Section 3316.13 - Duty To Act Pursuant To Certification, Notification, Order Or Request Of Commission.
  A school district financial planning and supervision commission may direct its certifications, notifications, orders, or requests to particular officers of the county, school district,...
• Section 3316.14 - Prior Approval Of Commission Required For Debt Obligation.
  (A) No debt obligation, including any debt incurred pursuant to section 3313.483 of the Revised Code, may be issued or incurred by the school...
• Section 3316.16 - Criteria For Termination Of Commission.
  (A) A school district financial planning and supervision commission, with respect to its functions under this chapter, shall continue in existence until such time...
• Section 3316.17 - Commission May Remove Superintendent Or Treasurer Of School District.
  A financial planning and supervision commission may remove the superintendent or the treasurer of a school district for failing to comply with the commission's...
• Section 3316.18 - Severability.
  (A) Subject to division (B) of this section, if any section or provision of this chapter, including any condition or prerequisite to any action...
• Section 3316.19 - Prohibited Acts During Fiscal Emergency.
  (A) During a fiscal emergency period for a school district, no school board member, officer, or employee of the school district shall do any...
• Section 3316.20 - School District Solvency Assistance Fund - Shared Resource Account - Catastrophic Expenditures Account.
  (A) (1) The school district solvency assistance fund is hereby created in the state treasury, to consist of such amounts designated for the purposes...

Last modified: October 10, 2016