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OH HJR14
Joint Resolution
Status
Introduced
12/13/2016
Primary Sponsor
Andrew Brenner
Click for details
AI Summary
- Proposes to add Section 12 to Article VIII of Ohio Constitution, to be submitted to voters on November 7, 2017
- Authorizes General Assembly to issue state bonds to refund school district obligations issued on or before November 7, 2017, with principal amount determined by legislature and maturity not exceeding 20 years
- Pledges full faith, credit, revenue, and taxing power of the state for debt service; obligations are tax-exempt within Ohio
- Exempts school districts, county school financing districts, regional student education districts, and multi-district partnerships from requirement to levy property tax for interest payments beginning January 1, 2018
- Requires creation of dedicated state treasury fund for primary and secondary education funded by state property tax, conditioned on voter approval of state education property tax at November 7, 2017 election
Legislative Description
Issue bonds to refund school district bonds
Last Action
Introduced
12/13/2016
Full Bill Text
No bill text available