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 353.15 | Investments.
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly Except as otherwise provided in any resolution authorizing the issuance of its lake facilities authority revenue bonds or in any trust agreement securing the bonds, moneys in the funds of the lake facilities authority in excess of current needs may be invested […]
Section 353.16 | Bonds as Lawful Investments.
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly Bonds of a lake facilities authority and lake facilities authority revenue bonds are lawful investments of banks, societies for savings, trust companies, savings and loan associations, deposit guaranty associations, trustees, fiduciaries, trustees or other officers having charge of the bond retirement funds […]
Section 353.05 | Power to Propose Tax Levy.
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly The board of directors of a lake facilities authority, by resolution, may propose the levy of a tax upon the taxable property in the impacted lake district pursuant to section 5705.55 of the Revised Code.
Section 353.06 | Tax on Lodging.
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly As used in this section, “hotel” and “transient guests” have the same meanings as in section 5739.01 of the Revised Code. A resolution creating a lake facilities authority under section 353.02 of the Revised Code, or any amendments or supplements thereto, may […]
Section 351.24 | Records of Convention Facilities Authority.
Effective: June 29, 1988 Latest Legislation: House Bill 772 – 117th General Assembly Except as otherwise provided in this section, all final actions of a convention facilities authority shall be journalized and such journal and the records of the authority, including but not limited to records relating to the terms of any lease of all […]
Section 351.25 | Liberal Construction of Chapter.
Effective: February 20, 1986 Latest Legislation: House Bill 583 – 116th General Assembly Sections 351.01 to 351.25 of the Revised Code being necessary for the welfare of the state and its inhabitants shall be liberally construed to effect the purposes thereof.
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.