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Home » US Law » 2022 Ohio Revised Code » Title 1 | State Government » Chapter 165 | Industrial Development Bonds

Section 165.01 | Industrial Development Bond Definitions.

Effective: April 12, 2021 Latest Legislation: House Bill 444 – 133rd General Assembly As used in this chapter: “Bonds” means bonds, notes, or other forms of evidences of obligation issued in temporary or definitive form, including notes issued in anticipation of the issuance of bonds and renewal notes. The funding of bond anticipation notes with […]

Section 165.02 | Authority of Bond Issuer.

Effective: October 26, 1999 Latest Legislation: House Bill 19 – 123rd General Assembly Section 13 of Article VIII, Ohio Constitution, is in part implemented by this chapter in furtherance of the public purposes of the state to create or preserve jobs and employment opportunities and to improve the economic welfare of the people of the […]

Section 165.03 | Permitted Purposes for Issuing Bonds.

Effective: April 12, 2021 Latest Legislation: House Bill 444 – 133rd General Assembly (A) An issuer may issue bonds for the purpose of providing moneys to acquire by purchase, construct, reconstruct, enlarge, improve, furnish, or equip one or more projects or parts thereof, or for any combination of such purposes, including providing moneys to make […]

Section 165.04 | Permitted Provisions in Bond Proceedings.

Effective: June 26, 1967 Latest Legislation: Senate Bill 273 – 107th General Assembly The bond proceedings may contain provisions which shall be part of the contract with the bondholders as to: (A) Pledging the rentals, revenues, and other income, charges, and moneys therein designated for the payment of the principal of and interest on the […]

Section 165.05 | Securing Bonds.

Effective: June 26, 1967 Latest Legislation: Senate Bill 273 – 107th General Assembly (A) In the discretion of the issuing authority, the bonds may be secured by a trust agreement or indenture of mortgage between the issuer and a corporate trustee which may be any trust company or bank having the powers of a trust […]

Section 165.06 | Protection and Enforcement of Rights of Bondholder and Trustees.

Effective: June 26, 1967 Latest Legislation: Senate Bill 273 – 107th General Assembly Any holder of bonds issued pursuant to Chapter 165. of the Revised Code or a trustee under a trust agreement or indenture of mortgage entered into pursuant to section 165.05 of the Revised Code, except to the extent that their rights are […]

Section 165.07 | Refunding Bonds.

Effective: December 15, 1977 Latest Legislation: Senate Bill 342 – 112th General Assembly The issuing authority may issue refunding bonds of the issuer to refund any bonds previously issued under Chapter 165. or 761. of the Revised Code, for any of the following purposes: (A) Refunding bonds which have matured or are about to mature […]

Section 165.08 | Bonds Are Lawful Investments.

Effective: November 2, 1999 Latest Legislation: House Bill 222 – 123rd General Assembly Bonds issued under this chapter are lawful investments of banks, societies for savings, savings and loan associations, deposit guarantee associations, trust companies, trustees, fiduciaries, insurance companies, including domestic for life and domestic not for life, trustees or other officers having charge of […]

Section 165.09 | Exemptions From Tax.

Effective: October 21, 2003 Latest Legislation: Senate Bill 37, House Bill 95 – 125th General Assembly Any real or personal property, or both, of an issuer that is acquired, constructed, reconstructed, enlarged, improved, furnished or equipped, or any combination thereof, and leased or subleased under authority of either Chapter 165. or 761. of the Revised […]

Section 165.10 | Paying Installments of Assessment.

Effective: June 26, 1967 Latest Legislation: Senate Bill 273 – 107th General Assembly When a special assessment is made on real property owned by an issuer and leased under authority of Chapter 165. or 761. of the Revised Code, the installments of the assessment shall be paid by the lessee of such real property so […]

Section 165.11 | Conveyance or Exchange of Public Property.

Effective: June 26, 1967 Latest Legislation: Senate Bill 273 – 107th General Assembly The state or any political subdivision, taxing district, or other public body of this state may, without competitive bidding, convey or exchange with an issuer, for use in connection with a project, any or all of its interests in real or personal […]

Section 165.13 | Prohibiting Interest in Public Contract.

Effective: June 13, 1975 Latest Legislation: House Bill 1 – 111th General Assembly Sections 305.27, 705.12, 731.02, 731.12, 733.72 to 733.77, and 2921.42 of the Revised Code apply to an officer of an issuer who is an officer, director, stockholder, employee, or owner of any interest in a proprietorship, corporation, joint enterprise, partnership, or other […]

Section 165.14 | Waiving Project Requirements.

Effective: August 26, 1977 Latest Legislation: House Bill 1 – 112th General Assembly (A) A project shall not be subject to the requirements relating to public buildings, structures, grounds, works, or improvements imposed by section 125.81, 713.02, or 713.25 of the Revised Code or any other similar requirements which may be lawfully waived by this […]

Section 165.20 | Designating Corporation as Agent of State.

Effective: July 14, 1983 Latest Legislation: Senate Bill 227 – 115th General Assembly In accordance with Section 13 of Article VIII, Ohio Constitution, the state, acting through the director of development, or through the board of trustees of any state university or any housing commission created by section 3347.01 of the Revised Code, and its […]