SENATOR Padgett

To amend section 3357.112 of the Revised Code to

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permit any technical college that is not

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co-located with another institution of higher

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education to acquire housing and dining

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facilities.

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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:

Section 1. That section 3357.112 of the Revised Code be	6
amended to read as follows:	7

Sec. 3357.112.  (A)(1) Each technical college district may	8
acquire, by purchase, lease, lease-purchase, lease with option to	9
purchase, or otherwise, construct, equip, furnish, reconstruct,	10
alter, enlarge, remodel, renovate, rehabilitate, improve,	11
maintain, repair, and operate, and lease to or from others,	12
auxiliary facilities or education facilities, except housing and	13
dining facilities, and may pay for the facilities out of available	14
receipts of such district. To pay all or part of the costs of	15
auxiliary facilities or education facilities, except housing and	16
dining facilities, and any combination of them, and to refund	17
obligations previously issued for such purpose, each technical	18
college district may issue obligations in the manner provided by	19
and subject to the applicable provisions of section 3345.12 of the	20
Revised Code.	21

(2) Notwithstanding division (A)(1) of this section, a	22
technical college that is not co-located with another institution	23
of higher education also may acquire, by purchase, lease,	24
lease-purchase, lease with option to purchase, or otherwise,	25
construct, equip, furnish, reconstruct, alter, enlarge, remodel,	26
renovate, rehabilitate, improve, maintain, repair, and operate,	27
and lease to or from others, housing and dining facilities, and	28
may pay for the facilities out of available receipts of the	29
district. To pay all or part of the costs of housing and dining	30
facilities, and to refund obligations previously issued for such	31
purpose, the technical college district may issue obligations in	32
the manner provided by and subject to the applicable provisions of	33
section 3345.12 of the Revised Code.	34

(B) Except as otherwise provided in this section, the	35
definitions set forth in section 3345.12 of the Revised Code apply	36
to this section.	37

(C) Fee variations provided for in division (G) of section	38
3357.09 of the Revised Code need not be applied to fees pledged to	39
secure obligations.	40

(D) The obligations authorized by this section are not bonded	41
indebtedness of the technical college district, shall not	42
constitute general obligations or the pledge of the full faith and	43
credit of such district, and the holders or owners thereof shall	44
have no right to require the board to levy or collect any taxes	45
for the payment of bond service charges, but they shall have the	46
right to payment thereof solely from the available receipts and	47
funds pledged for such payment as authorized by section 3345.12 of	48
the Revised Code and this section.	49

The bond proceedings may provide the method whereby the	50
general administrative overhead expense of the district shall be	51
allocated among the several operations and facilities of the	52
district for purposes of determining any operating and maintenance	53
expenses payable from the pledged available receipts prior to the	54
provision for payment of bond service charges, and for other	55
purposes of the bond proceedings.	56

(E) The powers granted in this section are in addition to any	57
other powers at any time granted by the Constitution and laws of	58
the state, and not in derogation thereof or restrictions thereon.	59

Section 2. That existing section 3357.112 of the Revised Code	60
is hereby repealed.	61