Section 353.11 | Security for Bonds.
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly In the discretion of the lake facilities authority, any lake facilities authority revenue bonds issued under this chapter may be secured by a trust agreement between the lake facilities authority and a corporate trustee that may be any trust company or bank […]
Section 353.12 | Enforcement of Rights.
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly Any holder of lake facilities authority revenue bonds issued under sections 353.09 to 353.15 of the Revised Code, or any of the coupons pertaining to those bonds, and the trustee under any trust agreement, except to the extent the rights given by […]
Section 353.13 | Nature of Revenue Bonds.
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly Lake facilities authority revenue bonds issued under sections 353.09 to 353.15 of the Revised Code do not constitute a debt, or a pledge of the faith and credit, of the state or any political subdivision of the state. The holders or owners […]
Section 353.14 | Authority Moneys, Funds, Property and Assets.
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly All moneys, funds, properties, and assets acquired by the lake facilities authority under this chapter, whether as proceeds from the sale of lake facilities authority revenue bonds or as revenues, or otherwise, shall be held by it in trust for the purposes […]
Section 351.26 | Election on Convention Facility Authority Tax for Construction or Renovation of Sports Facility.
Effective: July 2, 2010 Latest Legislation: House Bill 48 – 128th General Assembly (A) The board of directors of a convention facilities authority may adopt a resolution requesting the board of county commissioners of the county in which the convention facilities authority has its territory to propose the question of a tax to be levied […]
Section 351.99 | Penalty.
Effective: February 20, 1986 Latest Legislation: House Bill 583 – 116th General Assembly Whoever violates division (J)(2) of section 351.06 of the Revised Code is guilty of a misdemeanor of the fourth degree.
Section 353.01 | Definitions.
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly For purposes of this chapter: (A) “Lake facilities authority” means a body corporate and politic created pursuant to section 353.02 of the Revised Code. (B) “Watershed” means a watershed as determined by the United States geological survey. (C) “Impacted watershed” means a […]
Section 353.02 | Creation of Lake Facilities Authority.
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly A lake facilities authority may be created by the board of county commissioners of a county that contains all of the territory of an impacted watershed. If the territory of an impacted watershed is contained within more than one county, a joint […]
Section 353.03 | Powers of Authority.
Effective: December 22, 2015 Latest Legislation: House Bill 340 – 131st General Assembly A lake facilities authority may do all of the following: (A) Acquire by purchase, lease, gift, or otherwise, on such terms and in such manner as it considers proper, real and personal property necessary for an authorized purpose or any estate, interest, […]
Section 353.04 | Board of Directors.
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly (A) Upon the creation of a lake facilities authority under section 353.02 of the Revised Code, a board of directors consisting of the county commissioners of each county with territory in the impacted lake district shall be created. Membership on the board […]