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| To enact sections 3318.75 and 3318.751 of the Revised | 1 |
| Code to permit a school district resulting from | 2 |
| the consolidation of two or more school districts | 3 |
| that meet specified conditions to receive a loan | 4 |
| from the Ohio school facilities commission for the | 5 |
| construction of a new facility to support the | 6 |
| consolidated district. | 7 |
| Section 1. That sections 3318.75 and 3318.751 of the Revised | 8 |
| Code be enacted to read as follows: | 9 |
| Sec. 3318.75. (A) For purposes of this section, an "eligible | 10 |
| school district" is a city, local, or exempted village school | 11 |
| district that results from the consolidation of two or more school | 12 |
| districts under section 3311.37 of the Revised Code, provided all | 13 |
| of the following conditions are satisfied: | 14 |
| (1) The consolidating districts are located in the same | 15 |
| county; | 16 |
| (2) The county in which the consolidating districts are | 17 |
| located has a population of less than one hundred thousand as of | 18 |
| the most recent federal decennial census; | 19 |
| (3) Each of the consolidating districts has a student | 20 |
| enrollment of less than one thousand seven hundred students on the | 21 |
| effective date of the consolidation; | 22 |
| (4) Neither of the consolidating districts has previously | 23 |
| received state assistance under this chapter; | 24 |
| (5) Prior to the consolidation, the Ohio school facilities | 25 |
| commission determined in a study conducted under section 3318.751 | 26 |
| of the Revised Code that the school district resulting from the | 27 |
| consolidation would be able to repay a loan made under this | 28 |
| section within fifteen years after receiving the loan by using up | 29 |
| to eighty per cent of the projected savings from consolidation. | 30 |
| (B) In addition to receiving state assistance under any other | 31 |
| section of this chapter, an eligible school district may apply for | 32 |
| a loan of up to ten million dollars from the commission for the | 33 |
| purpose of constructing a new classroom facility to meet the | 34 |
| district's needs. The application shall be submitted in a form and | 35 |
| manner specified by the commission. | 36 |
| (C) The commission shall adopt rules regarding the making and | 37 |
| repayment of loans under this section, including the interest rate | 38 |
| for loans. | 39 |
| Sec. 3318.751. Upon the request of two or more school | 40 |
| districts that are seeking to consolidate into a single district | 41 |
| that may be eligible for a loan under section 3318.75 of the | 42 |
| Revised Code, the Ohio school facilities commission shall conduct | 43 |
| a study in order to identify any savings that could result from | 44 |
| the proposed consolidation. | 45 |
| Section 2. All items in this section are hereby appropriated | 46 |
| as designated out of any moneys in the state treasury to the | 47 |
| credit of the designated fund. For all appropriations made in this | 48 |
| act, those in the first column are for fiscal year 2014 and those | 49 |
| in the second column are for fiscal year 2015. The appropriations | 50 |
| made in this act are in addition to any other appropriations made | 51 |
| for the FY 2014-FY 2015 biennium. | 52 |
| 53 | |
| General Revenue Fund | 54 |
| GRF | 230501 | Consolidated District Loan Program | $ | 0 | $ | 10,000,000 | 55 | ||||
| TOTAL GRF General Revenue Fund | $ | 0 | $ | 10,000,000 | 56 | ||||||
| TOTAL ALL BUDGET FUND GROUPS | $ | 0 | $ | 10,000,000 | 57 | ||||||
| CONSOLIDATED DISTRICT LOAN PROGRAM | 58 |
| The foregoing appropriation item 230501, Consolidated | 59 |
| District Loan Program, shall be used to award loans to school | 60 |
| districts under section 3318.75 of the Revised Code. | 61 |
| Section 3. Within the limits set forth in this act, the | 62 |
| Director of Budget and Management shall establish accounts | 63 |
| indicating the source and amount of funds for each appropriation | 64 |
| made in this act, and shall determine the form and manner in which | 65 |
| appropriation accounts shall be maintained. Expenditures from | 66 |
| appropriations contained in this act shall be accounted for as | 67 |
| though made in Am. Sub. H.B. 59 of the 130th General Assembly. | 68 |
| The appropriations made in this act are subject to all | 69 |
| provisions of Am. Sub. H.B. 59 of the 130th General Assembly that | 70 |
| are generally applicable to such appropriations. | 71 |