us-oh/stat
Ohio Rev. Code § 5741.031
Deposit and use of funds
# (A)
The funds received by a county levying an additional use tax pursuant to section 5741.021 of the Revised Code shall be deposited in the county general fund to be expended for any purpose for which general fund moneys of the county may be used, including the acquisition or construction of permanent improvements or to make payments in accordance with section 333.06 or 333.07 of the Revised Code, or in the bond retirement fund for the payment of debt service charges on notes or bonds of the county issued for the acquisition or construction of permanent improvements. The amounts to be deposited in each of such funds shall be determined by the board of county commissioners.
# (B)
The moneys received by a county levying an additional use tax pursuant to section 5741.023 of the Revised Code shall be deposited in a separate fund, which shall be allocated, distributed, and used in accordance with the resolution adopted under section 5739.026 of the Revised Code. Moneys allocated for the purpose of division (A)(4) of section 5739.026 of the Revised Code shall be transferred to and disbursed from the community improvements fund in the county treasury. Notwithstanding section 135.351 of the Revised Code, if an allocation of moneys to a convention facilities authority or a transit authority is required pursuant to division (C) of section 5739.026 of the Revised Code, the county shall pay and distribute each authority's share of any such moneys to its fiscal officer within five business days of the date of their receipt by the county. If the moneys allocated under such division are not so paid, the county shall pay to such authority any interest that the county has received or will receive on such moneys that accrues from the date the county received the moneys, together with the principal amount of such moneys.
# (C)
The funds received by a transit authority levying an additional use tax pursuant to section 5741.022 of the Revised Code shall be deposited in such fund or funds of the transit authority as determined by the legislative authority of the transit authority to be expended for any purpose for which a county transit board or the board of county commissioners operating a county transit system, in the case of a county, or the board of trustees of a regional transit authority, in the case of a regional transit authority, may expend moneys under their control, including the purchase, acquisition, construction, replacement, improvement, extension, or enlargement of permanent improvements or in the bond retirement fund for the payment of debt service charges on notes or bonds of the transit authority.
Source: view the official text
In this chapter (32 sections)
- 5741.01 · Definitions
- 5741.02 · Levy of tax - rate - exemptions
- 5741.03 · Use of revenue
- 5741.04 · Collection, reporting and remission of tax by seller
- 5741.05 · Seller to determine jurisdiction for which to collect tax
- 5741.06 · Powers and duties of tax commissioner - prepayment of tax
- 5741.07 · Rights of marketplace facilitator treated as seller
- 5741.08 · Notification of change in county or transit authority…
- 5741.10 · Refunds
- 5741.11 · Liability of seller for failure to collect and remit tax
- 5741.12 · Return required by seller or user - payment of tax
- 5741.13 · Assessment for failure to make return or pay tax
- 5741.14 · Procedures relating to assessments
- 5741.15 · Inspection of records by tax commissioner
- 5741.16 · Four-year limitation for assessment against seller or…
- 5741.17 · Registration of sellers with tax commissioner
- 5741.19 · Prohibition against refusal to pay tax
- 5741.021 · Additional county use tax
- 5741.21 · Seller to collect tax - prohibition against rebates
- 5741.022 · Transit authority levy
- 5741.22 · Failure to file return
- 5741.023 · County use tax for specific purposes
- 5741.23 · Right of county or transit authority to levy additional tax…
- 5741.24 · Commissioner may delegate investigation powers - cooperation…
- 5741.25 · Failure to file or make payment
- 5741.031 · Deposit and use of funds
- 5741.071 · Waiver for facilitator not to be treated as a seller
- 5741.072 · Delivery network company waiver
- 5741.99 · Penalty
- 5741.101 · Refund may be applied in satisfaction of debt due state
- 5741.121 · Tax payments by electronic funds transfer
- 5741.122 · Returns of taxpayers using electronic funds transfer