Section 3377.17 | Chancellor to Provide Analyses and Information on Project.
Effective: November 15, 1981 Latest Legislation: House Bill 694 – 114th General Assembly Before the higher education facilities commission acts upon a proposed project, the commission shall request of the chancellor of the Ohio board of regents: (A) A fiscal analysis of the college or university submitting the request, including the projected impact of a […]
Section 3377.07 | Provisions of Contract With Bondholders.
Effective: March 7, 1968 Latest Legislation: Senate Bill 453 – 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 3377.08 | Bonds May Be Secured by Pledge, Trust Agreement or Indenture of Mortgage.
Effective: July 1, 1985 Latest Legislation: House Bill 238 – 116th General Assembly In the discretion of the Ohio higher educational facility commission, the bonds may be secured by a trust agreement or indenture of mortgage between the commission and a corporate trustee which may be any trust company or bank having the powers of […]
Section 3377.09 | Protection and Enforcement of Rights of Bondholder and Trustees.
Effective: March 7, 1968 Latest Legislation: Senate Bill 453 – 107th General Assembly Any holder of bonds issued pursuant to Chapter 3377. of the Revised Code or a trustee under a trust agreement or indenture of mortgage entered into pursuant to section 3377.08 of the Revised Code, except to the extent that their rights are […]
Section 3377.10 | Issuance of Refunding Bonds.
Effective: March 7, 1968 Latest Legislation: Senate Bill 453 – 107th General Assembly The Ohio higher educational facility commission may issue refunding bonds to refund any bonds previously issued under Chapter 3377. of the Revised Code for any of the following purposes: (A) Refunding bonds which have matured or are about to mature when the […]
Section 3377.11 | 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 3377.12 | Tax Exemption.
Effective: March 7, 1968 Latest Legislation: Senate Bill 453 – 107th General Assembly Any real or personal property, or both, of the Ohio higher educational facility commission which is acquired, constructed, reconstructed, enlarged, improved, furnished, or equipped, or any combination thereof, and leased under authority of Chapter 3377. of the Revised Code is subject to […]
Section 3377.13 | Special Assessments – Installments.
Effective: March 7, 1968 Latest Legislation: Senate Bill 453 – 107th General Assembly When a special assessment is made on real property owned by the Ohio higher educational facility commission and leased under authority of Chapter 3377. of the Revised Code, the installments of the assessment shall be paid by the lessee of such real […]
Section 3377.14 | Property May Be Conveyed or Exchanged.
Effective: October 26, 1999 Latest Legislation: House Bill 19 – 123rd 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 the Ohio higher educational facility commission, for use in connection with a project, any or all of its interests […]
Section 3377.15 | Bonds Not Debt of State.
Effective: March 7, 1968 Latest Legislation: Senate Bill 453 – 107th General Assembly Bonds issued under authority of Chapter 3377. of the Revised Code do not, and shall state that they do not, represent or constitute a debt or pledge of the faith and credit of the state, grant to the owners or holders thereof […]