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 353.02 | 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 […]
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 […]