Effective: April 7, 2009 Latest Legislation: Senate Bill 353 – 127th General Assembly (A) As used in this chapter: (1) “Community improvement corporation” means an economic development corporation or a county land reutilization corporation. (2) “Economic development corporation” means a corporation organized for the purposes described in division (B)(1) of this section. (3) “County land […]
Effective: March 31, 2021 Latest Legislation: House Bill 312 – 133rd General Assembly (A) In furtherance of the purposes set forth in section 1724.01 of the Revised Code, a community improvement corporation shall have the following powers: (1)(a) To borrow money for any of the purposes of the community improvement corporation by means of loans, […]
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly (A) After the articles of incorporation have been filed, and at the first meeting of the board of directors of a county land reutilization corporation, the board shall adopt regulations for the government of the corporation, the conduct of its affairs, and […]
Effective: September 29, 2015 Latest Legislation: House Bill 64 – 131st General Assembly A county that elects under section 5722.02 of the Revised Code to adopt and implement the procedures set forth in sections 5722.02 to 5722.15 of the Revised Code may organize a county land reutilization corporation under this chapter and Chapter 1702. of […]
Effective: October 17, 2019 Latest Legislation: House Bill 166 – 133rd General Assembly Each community improvement corporation shall prepare an annual financial report that conforms to rules prescribed by the auditor of state pursuant to section 117.20 of the Revised Code, that is prepared according to generally accepted accounting principles, and that is certified by […]
Effective: March 12, 2001 Latest Legislation: Senate Bill 265 – 123rd General Assembly If any community improvement corporation fails to prepare an annual financial report as required by section 1724.05 of the Revised Code and to file that report with the auditor of state within ninety days of the time prescribed for that filing by […]
Effective: April 7, 2009 Latest Legislation: Senate Bill 353 – 127th General Assembly In the event of any voluntary or involuntary dissolution, liquidation, or failure to reinstate the articles after cancellation of the community improvement corporation, any remaining assets shall be applied as follows: (A) In the case of an economic development corporation, to such […]
Effective: August 17, 1961 Latest Legislation: Senate Bill 299 – 104th General Assembly The provisions of Chapter 1702. of the Revised Code are applicable to corporations organized under Chapter 1724. of the Revised Code to the extent they are not inconsistent herewith.
Effective: January 23, 1963 Latest Legislation: House Bill 1 – 105th General Assembly Any corporation organized prior to August 17, 1961 and having similar purposes may be brought under Chapter 1724. of the Revised Code by the required vote of its members or shareholders adopting amended articles of incorporation. Said amended articles of incorporation shall […]
Effective: September 15, 2014 Latest Legislation: House Bill 483, Senate Bill 172 – 130th General Assembly (A) A community improvement corporation may be designated: (1) By a county, one or more townships, one or more municipal corporations, two or more adjoining counties, or any combination of the foregoing as the agency of each such political […]
Effective: April 7, 2009 Latest Legislation: Senate Bill 353 – 127th General Assembly (A) When a community improvement corporation is acting as an agent of a political subdivision designated pursuant to section 1724.10 of the Revised Code and at all times as a county land reutilization corporation, both of the following apply: (1) Any financial […]
Effective: August 5, 2016 Latest Legislation: House Bill 233 – 131st General Assembly The board of directors of a community improvement corporation in which all or a part of a downtown redevelopment district is located may accept contributions from the municipal corporation that created the district pursuant to division (E)(2) of section 5709.45 of the […]
