us-oh/stat
Ohio Rev. Code § 5705.312
Increasing minimum levy to pay debt service
The county budget commission shall not increase the minimum levy of a municipal corporation pursuant to division (D) of section 5705.31 of the Revised Code to pay debt service unless moneys available to pay such debt service are insufficient after applying divisions (A) to (C) of this section:
# (A)
The amount of debt service on unvoted general obligations of the municipal corporation, not otherwise provided for, shall be charged against the minimum levy of the municipal corporation pursuant to division (D) of section 5705.31 of the Revised Code to the full extent of such levy that may lawfully be used for such purpose, if necessary, without preserving to the municipal corporation any operating levy within the ten-mill limitation.
# (B)
The amount of debt service on unvoted general obligations of the municipal corporation, not otherwise provided for, after application of division (A) of this section shall be paid from receipts of any income tax levied by the municipal corporation that may lawfully be used for such purpose.
# (C)
The amount of debt service on unvoted general obligations of the municipal corporation, not otherwise provided for, after application of divisions (A) and (B) of this section shall be paid from the receipts of any levy in excess of the ten-mill limitation available for current expenses of the municipal corporation that may lawfully be used for such purpose.
Moneys produced by the application of divisions (A) to (C) of this section shall be placed in the bond retirement fund of the municipal corporation by the county auditor or the officer of the municipal corporation collecting such taxes, as appropriate.
Source: view the official text
In this chapter (40 sections)
- 5705.193 · County anticipation notes for permanent improvement or class…
- 5705.194 · Levy in excess of ten-mill limitation - schools
- 5705.195 · Fixed-sum levy: calculation of millage and term
- 5705.196 · Fixed-sum levy: submission of question to electors
- 5705.197 · Fixed-sum levy: form of ballot
- 5705.198 · Tax levy by joint recreation district
- 5705.199 · School levy in excess of ten-mill limitation
- 5705.212 · School levy of up to five incremental taxes
- 5705.213 · Special school district election on levy for current…
- 5705.214 · Frequency of school district elections
- 5705.215 · County school financing district levy
- 5705.216 · Issuing additional anticipation notes for school purposes
- 5705.217 · Holding special elections on additional tax for school…
- 5705.218 · Holding special elections on general obligation bonds for…
- 5705.219 · Conversion of existing levies imposed for the purpose of…
- 5705.221 · Additional levy for county alcohol, drug addiction, and…
- 5705.222 · Additional levy for county developmental disabilities…
- 5705.233 · General obligation bonds for permanent improvements to…
- 5705.251 · Election on incremental taxes for schools
- 5705.252 · Election on transportation services
- 5705.261 · Election on decrease of an increased rate of levy approved…
- 5705.281 · Waiving requirement of adoption of tax budget
- 5705.311 · Application of levy to annexed territory
- 5705.312 · Increasing minimum levy to pay debt service
- 5705.313 · Permitting property tax rate reduction when county sales tax…
- 5705.314 · Conducting public hearing on proposed school levy
- 5705.315 · Effect of annexation on minimum municipal and township levies
- 5705.316 · Inflation limitation on levies within the ten-mill limitation
- 5705.321 · Alternative method of apportionment
- 5705.322 · Reducing taxing authority of counties in connection with…
- 5705.341 · Right of appeal
- 5705.391 · Board of education revenues and expenditures report
- 5705.392 · County spending plan
- 5705.411 · Anticipated proceeds from levy for permanent improvement are…
- 5705.412 · Certificate of revenue required for school district…
- 5705.2110 · Certification of tax amount
- 5705.2111 · Proposal for levy in excess of limitation
- 5705.2112 · Tax levy to fund acquisition of classroom facilities that…
- 5705.2113 · Levy of tax in excess of ten mill limitation for purpose of…
- 5705.2114 · Career-technical cooperative education district levy