Effective: April 19, 1954 Latest Legislation: Senate Bill 362 – 100th General Assembly The board of commissioners of the sinking fund shall be composed of the governor, treasurer of state, auditor of state, secretary of state, and the attorney general. The auditor of state shall be president, and the secretary of state shall be secretary […]
Effective: November 17, 1969 Latest Legislation: Senate Bill 438 – 108th General Assembly The board of commissioners of the sinking fund shall have an office in Columbus provided with such fireproof vaults and safes as the board deems necessary. The books, records, correspondence, and other papers relating to the business of the board shall be […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The secretary of the board of commissioners of the sinking fund shall keep a journal of the proceedings, orders, and requisitions of the board, a register of the certificates of the bonded debt of the state, and transfers of such certificates, and […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly When due, the board of commissioners of the sinking fund shall pay the interest on the bonded debt of the state, the certificates of bonded debt, and at all times preserve the good faith and credit of the state.
Effective: July 1, 1985 Latest Legislation: House Bill 201 – 116th General Assembly If the principal of, or interest on, the bonded debt of the state is about to become due and the money in the state treasury to the credit of the sinking fund is insufficient for the payment thereof, the commissioners of the […]
Effective: July 1, 1989 Latest Legislation: House Bill 111 – 118th General Assembly The sinking fund of the state shall consist of the proceeds of sales of lands appropriated by congress for the support of schools or for ministerial purposes, except as otherwise provided by law, the proceeds of any sale of public works or […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Funds belonging to the sinking fund shall be applied to the payment of the principal and interest of the bonded debt of the state, and to the expenses of such payment. When paid, bonds or certificates of the bonded debt of the […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly If there is money in the state treasury to the credit of the sinking fund not required for the payment of the interest on the bonded debt of the state, the board of commissioners of the sinking fund shall apply it to […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Interest on the bonded debt of the state shall be paid to the owner of bonds or certificates evidencing such debt, or to such owner’s agent, attorney, or legal representative. Written proof of the authority of such agent, attorney, or legal representative […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Previous to the first day of January and July of each year, the board of commissioners of the sinking fund shall arrange with a reliable banking house as the place where the annual interest on the bonded debt of the state shall […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Separate accounts of every issue of bonded debt of the state shall be kept by the board of commissioners of the sinking fund in general stock ledgers showing the date, rate of interest, time of payment of such debt, and the law […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The board of commissioners of the sinking fund shall keep accounts in the general ledgers of the amount to the credit of each class or portion of the irredeemable debt of the state, on the principal of which interest is paid by […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Transfers of the certificates of the bonded debt of the state shall be made in the office of the board of commissioners of the sinking fund by the owner thereof, his agent, or attorney in fact. A power of attorney for that […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Upon satisfactory proof in writing that a certificate of the bonded debt of the state has been lost or destroyed, which proof shall show the amount and kind of debt represented thereby and the legal and equitable ownership thereof, the board of […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The transfer books shall be closed for thirty days from the fifteenth day of June and December of each year, and payrolls made showing the name of each creditor of the bonded debt in alphabetical order, and the amount of semiannual interest […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The expenses of paying the principal and interest of the bonded debt of the state, and of the sale or exchange of bonds, shall be paid by the board of commissioners of the sinking fund out of the sinking fund, and a […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The board of commissioners of the sinking fund, at periods, previous to and near the time when any portion of the bonded debt of the state becomes payable, according to the terms expressed upon the face of the certificates thereof and in […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly When it becomes necessary to issue certificates of the bonded debt of the state, they shall be offered for sale by the board of commissioners of the sinking fund. The board shall advertise for bids or proposals for the taking of such […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly In case any or all bids under section 129.18 of the Revised Code for the certificates are rejected, the proposals shall remain open for any further bids, and the board of commissioners of the sinking fund may enter into arrangements with any […]
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly In case there is more than one bid or proposal to take all or any portion of the certificates to be issued at a rate equal to each other, and equally advantageous to the state, the board of commissioners of the sinking […]
