(B) On or before the seventh day of each month, the director | 23 |
of budget and management shall credit to the local government fund | 24 |
an amount equal to the product obtained by multiplying the | 25 |
percentage calculated under division (A)(1) of this section by the | 26 |
total tax revenue credited to the general revenue fund during the | 27 |
preceding month. Money shall be distributed from the local | 28 |
government fund as required under section 5747.50 of the Revised | 29 |
Code during the same month in which it is credited to the fund. | 30 |
(C) On or before the seventh day of each month, the director | 31 |
of budget and management shall credit to the public library fund | 32 |
an amount equal to the product obtained by multiplying the | 33 |
percentage calculated under division (A)(2) of this section by the | 34 |
total tax revenue credited to the general revenue fund during the | 35 |
preceding month. Money shall be distributed from the public | 36 |
library fund as required under section 5747.47 of the Revised Code | 37 |
during the same month in which it is credited to the fund. | 38 |
Section 3. The amendment by this act of section 131.51 of the | 46 |
Revised Code takes effect on June 1, 2013. If this act does not | 47 |
take effect at least 90 days before July 5, 2013, the Tax | 48 |
Commissioner shall make the computation required by division | 49 |
(A)(1) of that section as soon as possible after July 5, 2013, | 50 |
notwithstanding that division to the contrary, and the Director of | 51 |
Budget and Management shall make the credit, and the Tax | 52 |
Commissioner shall make the distribution, required under division | 53 |
(B) of that section as soon as possible thereafter. | 54 |