Effective: March 27, 2020 Latest Legislation: House Bill 197 – 133rd General Assembly As used in this chapter, in sections 9.95, 9.96, and 2151.655 of the Revised Code, in other sections of the Revised Code that make reference to this chapter unless the context does not permit, and in related proceedings, unless otherwise expressly provided: […]
Effective: July 17, 2009 Latest Legislation: House Bill 1 – 128th General Assembly (A) Securities lawfully authorized and issued by an issuer, and fractionalized interests in public obligations, subject to applicable provisions for registration or of the proceedings, are negotiable instruments and securities under Chapters 1303. and 1308. of the Revised Code, notwithstanding that the […]
Effective: September 29, 2017 Latest Legislation: House Bill 49 – 132nd General Assembly (A) As used in this section: (1) “Large local educational agency” and “qualified school construction bond” have the same meaning as in section 54F of the Internal Revenue Code, 26 U.S.C. 54F. (2) “National limit” means, as applicable, the limitation on the […]
Effective: November 2, 1999 Latest Legislation: House Bill 222 – 123rd General Assembly (A) Chapter 133. securities are: (1) Lawful investments for banks, savings and loan associations, credit union share guaranty corporations, trust companies, trustees, fiduciaries, insurance companies, including domestic for life and domestic not for life, trustees or other officers having charge of sinking […]
Effective: August 5, 2016 Latest Legislation: House Bill 233 – 131st General Assembly (A) As used in this chapter, “net indebtedness” means, as determined pursuant to this section, the principal amount of the outstanding securities of a subdivision less the amount held in a bond retirement fund to the extent such amount is not taken […]
Effective: September 29, 2015 Latest Legislation: House Bill 64 – 131st General Assembly (A) A municipal corporation shall not incur net indebtedness that exceeds an amount equal to ten and one-half per cent of its tax valuation, or incur without a vote of the electors net indebtedness that exceeds an amount equal to five and […]
Effective: September 30, 2021 Latest Legislation: House Bill 110 – 134th General Assembly (A) A school district shall not incur, without a vote of the electors, net indebtedness that exceeds an amount equal to one-tenth of one per cent of its tax valuation, except as provided in divisions (G) and (H) of this section and […]
Effective: September 29, 2017 Latest Legislation: House Bill 49 – 132nd General Assembly (A) This section applies only to a school district that satisfies all of the following conditions: (1) The district, prior to June 30, 2007, undertook a classroom facilities project under section 3318.37 of the Revised Code. (2) The district will undertake a […]
Effective: March 27, 2020 Latest Legislation: House Bill 197 – 133rd General Assembly (A) A county shall not incur, without a vote of the electors, either of the following: (1) Net indebtedness for all purposes that exceeds an amount equal to one per cent of its tax valuation; (2) Net indebtedness for the purpose of […]
Effective: September 23, 2008 Latest Legislation: House Bill 562 – 127th General Assembly (A) In addition to any power to issue securities under other provisions of the Revised Code for the purposes, a county may issue revenue securities as authorized in this section. (B) A county may issue revenue securities to fund or refund revenue […]
Effective: September 29, 2007 Latest Legislation: House Bill 119 – 127th General Assembly (A) As used in this section: (1) “Anticipation notes” means notes issued in anticipation of the sales tax supported bonds authorized by this section; (2) “Authorizing proceedings” means the resolution, legislation, trust agreement, certification, and other agreements, instruments, and documents, as amended […]
Effective: April 7, 2009 Latest Legislation: Senate Bill 353 – 127th General Assembly (A) A board of county commissioners of a county in which a county land reutilization corporation is organized under Chapter 1724. of the Revised Code, upon the written request of the county treasurer, may issue securities in anticipation of the collection of […]
Effective: September 29, 2015 Latest Legislation: House Bill 64 – 131st General Assembly (A) As used in this section: (1) “Anticipation notes” means notes issued in anticipation of the tourism development district revenue supported bonds authorized by this section. (2) “Authorizing proceedings” means the resolution, legislation, trust agreement, certification, and other agreements, instruments, and documents, […]
Effective: September 29, 2011 Latest Legislation: House Bill 153 – 129th General Assembly (A) Unless it is a township that has adopted a limited home rule government under Chapter 504. of the Revised Code, a township shall not incur net indebtedness that exceeds an amount equal to five per cent of its tax valuation and, […]
Effective: June 26, 2012 Latest Legislation: Senate Bill 321 – 129th General Assembly (A) In anticipation of the collection of current property tax revenues in and for any fiscal year, the taxing authority of any subdivision may issue securities, but the aggregate principal amount of such securities shall not exceed one-half of the amount that […]
Effective: October 30, 1989 Latest Legislation: House Bill 230 – 118th General Assembly If the taxing authority of a county determines that the funds allocated for current expenses of the county are insufficient to pay those current expenses for the current fiscal year and the cost of the county auditor’s assessment of real estate required […]
Effective: June 30, 2006 Latest Legislation: House Bill 530 – 126th General Assembly (A) If the tax commissioner determines that funds are not otherwise available for the purpose, the taxing authority of a subdivision having general property taxing power may issue general obligation securities in case of any of the following: (1) An epidemic or […]
Effective: May 17, 2021 Latest Legislation: House Bill 2 – 134th General Assembly If the special assessments are to be paid in one annual installment, the taxing authority of a subdivision may issue securities in anticipation of its levy or collection of special assessments to pay the costs of the subdivision’s broadband funding gap portion […]
Effective: October 30, 1989 Latest Legislation: House Bill 230 – 118th General Assembly (A) The taxing authority of a subdivision may issue securities for the purpose of providing funds with which to pay one or more final judgments rendered against the subdivision, including settlements of claims approved by a court, if the fiscal officer of […]
Effective: March 12, 2001 Latest Legislation: House Bill 549 – 123rd General Assembly (A) The taxing authority of any subdivision may issue securities of the subdivision for the purpose of paying all or any portion of the costs of any permanent improvement that the subdivision is authorized, alone or in cooperation with other persons, to […]
