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OH HB134
Bill
Status
4/17/2013
Primary Sponsor
Jack Cera
Click for details
AI Summary
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Amends section 743.05 of the Revised Code to allow municipalities to transfer surplus water works funds to their general fund when those funds are received from selling water for well stimulation purposes.
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Limits annual transfers to the amount collected under water sale contracts for well stimulation during the preceding calendar year.
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Requires transfers to follow procedures established in sections 5705.15 and 5705.16 of the Revised Code.
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Applies only to municipal corporations that contract to sell water from their water works for well stimulation as defined in section 1509.01 of the Revised Code.
Legislative Description
To allow a municipal corporation to transfer funds received under contracts for the sale of water for use in well stimulation to the general fund of the municipal corporation.
Municipality-well stimulation contract funds-transfer to general fund
Last Action
To State and Local Government
4/17/2013