(3) For each month in the period beginning August 1, 2011, | 66 |
and ending June 30, 2012, an amount equal to one-eleventh of | 67 |
forty-nine million two hundred seventy thousand dollars.For each | 68 |
month in the period beginning on the first day of the month that | 69 |
follows the effective date of the amendment of this section by ... | 70 |
B... of the 129th General Assembly and ending June 30, 2012, the | 71 |
amount credited shall equal one hundred three per cent of the | 72 |
amount credited in that respective month in fiscal year 2011. | 73 |
(a) If a county undivided local government fund's total | 132 |
distribution in fiscal year 2011 was equal to or less than seven | 133 |
hundred fifty thousand dollars, the fund shall receive a | 134 |
distribution equal to the difference between the amount | 135 |
distributed to the fund in that respective month in fiscal year | 136 |
2011 and the amount allocated to the fund for the month under | 137 |
divisions (E)(1)(a) and (3) of this section during fiscal year | 138 |
2012, and division (E)(1)(a) of this section during fiscal year | 139 |
2013. | 140 |
(b) For each month in the period beginning August 1, 2011, | 141 |
and ending June 30, 2012, if a county undivided local government | 142 |
fund's total distribution in fiscal year 2011 exceeded seven | 143 |
hundred fifty thousand dollars and if the sum of the amount | 144 |
allocated to the fund in July 2011 and the amounts to be allocated | 145 |
to the fund between August 1, 2011, and June 30, 2012, under | 146 |
divisions (E)(1)(a) and (3) of this section is less than seven | 147 |
hundred fifty thousand dollars, the fund shall receive a | 148 |
distribution equal to one-eleventh of the difference between seven | 149 |
hundred fifty thousand dollars and that sum. | 150 |
(c) For each month in the period beginning July 1, 2012, and | 151 |
ending June 30, 2013, if a county undivided local government | 152 |
fund's total distribution in fiscal year 2011 exceeded seven | 153 |
hundred fifty thousand dollars and if the total amount to be | 154 |
allocated to the fund in fiscal year 2013 under division (E)(1)(a) | 155 |
of this section is less than seven hundred fifty thousand dollars, | 156 |
the fund shall receive a distribution equal to one-twelfth of the | 157 |
difference between seven hundred fifty thousand dollars and the | 158 |
total amount to be allocated to the fund in fiscal year 2013 under | 159 |
division (E)(1)(a) of this section. | 160 |
(3) The total amount credited to the Local Government Fund in | 161 |
each month for the period beginning August 1, 2011, and ending | 162 |
June 30, 2012, pursuant to division (C)(3) of this section shall | 163 |
be distributed to each county undivided local government fund | 164 |
based on each fund's proportionate share of the total amount | 165 |
received from the Local Government Fund in that respective month | 166 |
in fiscal year 2011. As used in this section, "total amount | 167 |
received" does not include payments received in fiscal year 2011 | 168 |
under division (C) of section 5725.24 of the Revised Code. | 169 |
(F) Notwithstanding any other provision of the Revised Code | 170 |
to the contrary, by the tenth day of each month of the period | 171 |
beginning July 1, 2011, and ending December 31, 2011, each county | 172 |
undivided public library fund shall receive a distribution from | 173 |
the Public Library Fund equal to the product derived by | 174 |
multiplying the following amounts: | 175 |
(G) Notwithstanding any other provision of the Revised Code | 183 |
to the contrary, by the tenth day of each month of the period | 184 |
beginning January 1, 2012, and ending June 30, 2013, each county | 185 |
undivided public library fund shall receive a distribution from | 186 |
the Public Library Fund equal to the product derived by | 187 |
multiplying the following amounts: | 188 |
(H) For the 2012 and 2013 distribution years, the Tax | 196 |
Commissioner is not required to issue the certifications otherwise | 197 |
required by sections 5747.47, 5747.501, and 5747.51 of the Revised | 198 |
Code, but shall provide to each county auditor by July 20, 2011, | 199 |
and July 20, 2012, an estimate of the amounts to be received by | 200 |
the county in the ensuing year from the Public Library Fund and | 201 |
the Local Government Fund pursuant to this section and any other | 202 |
section of the Revised Code. The Tax Commissioner may report to | 203 |
each county auditor additional revised estimates of the 2011, | 204 |
2012, or 2013 distributions at any time during fiscal years 2012 | 205 |
and 2013. | 206 |