Effective: March 27, 2013 Latest Legislation: House Bill 510 – 129th General Assembly (A) As used in this chapter: (1) “Authority” means the Ohio venture capital authority created under section 150.02 of the Revised Code. (2) “Issuer” means a port authority organized and existing under applicable provisions of Chapter 4582. of the Revised Code that, […]
Effective: October 16, 2009 Latest Legislation: House Bill 1 – 128th General Assembly (A) There is hereby created the Ohio venture capital authority, which shall exercise the powers and perform the duties prescribed by this chapter. The exercise by the authority of its powers and duties is hereby declared to be an essential state governmental […]
Effective: October 16, 2009 Latest Legislation: House Bill 1 – 128th General Assembly Within ninety days after April 9, 2003, the authority shall establish, and subsequently may modify as it considers necessary, a written investment policy governing the investment of money from the program fund, which is hereby created. The program fund shall consist of […]
Effective: October 16, 2009 Latest Legislation: House Bill 1 – 128th General Assembly (A) The investment policy established or modified under section 150.03 of the Revised Code shall specify the terms and conditions under which the authority may grant tax credits under section 150.07 of the Revised Code, subject to that section and division (B) […]
Effective: April 12, 2021 Latest Legislation: Senate Bill 276 – 133rd General Assembly (A) The authority shall select, as program administrators, not more than two private, for-profit investment funds to acquire loans for the program fund and to invest money in the program fund as prescribed in the investment policy established or modified by the […]
Effective: October 16, 2009 Latest Legislation: House Bill 1 – 128th General Assembly (A) As used in this section: (1) “Minority business enterprise” has the meaning defined in section 122.71 of the Revised Code. (2) “Women’s business enterprise” means a business, or a partnership, corporation, limited liability company, or joint venture of any kind, that […]
Effective: April 12, 2021 Latest Legislation: Senate Bill 331 – 133rd General Assembly (A) The authority is exempt from the requirements of sections 101.82 to 101.87 of the Revised Code. (B) The selection of a program administrator and the entering into an agreement under section 150.05 of the Revised Code do not constitute a purchase […]
Effective: March 27, 2013 Latest Legislation: House Bill 510 – 129th General Assembly (A) For the purpose stated in section 150.01 of the Revised Code, the authority may authorize a lender to claim one of the refundable tax credits allowed under section 5707.031, 5725.19, 5726.53, 5727.241, 5729.08, 5733.49, or 5747.80 of the Revised Code. The […]
Effective: April 9, 2003 Latest Legislation: Senate Bill 180 – 124th General Assembly (A) There is hereby created in the state treasury the Ohio venture capital fund, to which shall be credited all payments received by the authority pursuant to division (B)(5) of section 150.05 of the Revised Code and all interest earned on moneys […]
Effective: April 9, 2003 Latest Legislation: Senate Bill 180 – 124th General Assembly The state, the governor, or a member of the authority is not liable in damages to any person in a civil action for any loss incurred as a result of any investment made by a program administrator or fund manager employed by […]
Effective: September 16, 2014 Latest Legislation: House Bill 486 – 130th General Assembly (A) On the first day of January of the second year after the date of entering into an agreement under section 150.05 of the Revised Code and on the first day of August of each ensuing year, the authority shall file with […]
