Section 9.98 | Bond Financing Definitions.
Effective: May 6, 2005 Latest Legislation: House Bill 16 – 126th General Assembly As used in sections 9.98 to 9.983 of the Revised Code: (A) “Absolute obligor” means the person, other than the issuer, ultimately responsible under a loan agreement, lease, or sale or installment sale agreement, or other contract with the issuer to make […]
Section 9.981 | Applicability.
Effective: July 1, 2014 Latest Legislation: House Bill 497 – 130th General Assembly (A) Sections 9.98 to 9.983 of the Revised Code are applicable to bonds: (1) The payment of the debt service on which is to be provided for directly or indirectly by payments contracted to be made in the bond proceedings by the […]
Section 9.982 | Bond Proceedings.
Effective: July 1, 2005 Latest Legislation: House Bill 431 – 125th General Assembly (A) The bond proceedings for bonds referred to in division (A) or (B) of section 9.981 of the Revised Code may provide for one or more of the following: (1) Floating rate interest structures, which may, but need not be, limited to […]
Section 9.983 | Costs, Expenses and Fees.
Effective: December 22, 1992 Latest Legislation: Senate Bill 359 – 119th General Assembly (A) Provision may be made for costs and expenses of providing credit facilities, put arrangements, and interest rate hedges, and for fees and expenses of agents, and other fees, costs, and expenses in connection with arrangements under sections 9.98 to 9.983 of […]
Section 9.92 | Citizens’ Reward Program.
Effective: July 1, 2007 Latest Legislation: House Bill 241 – 126th General Assembly (A) As used in this section: (1) “Citizens’ reward program” means any organization that satisfies all of the following criteria: (a) It is a nonprofit organization; (b) It is organized and operated exclusively to offer and pay rewards to citizens for volunteering […]
Section 9.94 | Fractionalized Interests in Any One or More Public Obligations.
Effective: September 17, 1996 Latest Legislation: House Bill 748 – 121st General Assembly Third parties shall not issue and sell to others or publicly underwrite fractionalized interests in any one or more public obligations, as defined in division (GG)(2) of section 133.01 of the Revised Code, without the knowledge and express written approval or authorization […]
Section 9.95 | Maximum or Maximum Average Annual Interest Rate on Public Securities.
Effective: October 30, 1989 Latest Legislation: House Bill 230 – 118th General Assembly Securities to which this section applies shall bear interest at not to exceed the maximum or maximum average annual interest rate per annum determined in or pursuant to the proceedings for the securities by the legislative authority, taxing authority, subdivision, governing body, […]
Section 9.96 | Issue Public Securities.
Effective: October 30, 1989 Latest Legislation: House Bill 230 – 118th General Assembly (A) The authority granted by this section is in addition to and not a limitation upon other authorizations granted by or pursuant to law or the Ohio Constitution. (B) An issue of securities lawfully authorized by any public issuer may be issued […]
Section 9.97 | Exemption of Bond Interest From Income Tax.
Effective: November 26, 1982 Latest Legislation: Senate Bill 550 – 114th General Assembly (A) Any one of the governor, the lieutenant governor, the attorney general, the secretary of state, the treasurer of state, or the auditor of state, shall act as the applicable elected representative of the state for purposes of any federal law or […]
Section 9.88 | Immunity of Federal Law Enforcement Officers.
Effective: June 13, 1990 Latest Legislation: Senate Bill 266 – 118th General Assembly (A) As used in this section, “federal law enforcement officer” means any officer of the United States who is authorized by federal law to conduct any investigation of, and make any arrest for, any offense against the United States in violation of […]