Rule 129:1-1-14 | Certification.
On or before the first day of July in each calendar year the Commissioners shall certify to the Auditor of State the total amount of funds said Commission determines is necessary to provide, together with all other money that will be available in the Vietnam Conflict Compensation Bond Retirement Fund, for the retirement of bonds or notes and the payment of interest in the ensuing calendar year. All sums contained in the Vietnam Conflict Compensation Fund including earnings thereon not needed for the purposes of Section 2j of Article VIII of the Constitution of Ohio, so long as any bonds or notes are outstanding shall be used for the payment of principal of and interest on such bonds or notes.
The Auditor of State shall transfer from the State general revenue fund to the Vietnam Conflict Compensation Bond Retirement Fund, without appropriation, an amount so certified by paragraph one above. Said Vietnam Conflict Compensation Bond Retirement Fund shall be paid out without appropriation by the General Assembly of the State of Ohio, upon the order of the Commission, which standing order is hereby given for so long as any Vietnam Conflict Compensation Bonds are outstanding.
Supplemental Information
Amplifies: –
Five Year Review Date: