Effective: September 26, 2003 Latest Legislation: House Bill 95 – 125th General Assembly As used in Chapter 3377. of the Revised Code: (A) “Educational institution” or “institution” means an educational institution organized not for profit and holding an effective certificate of authorization issued under section 1713.02 of the Revised Code. It does not include any […]
Effective: July 1, 1985 Latest Legislation: House Bill 238 – 116th General Assembly There is hereby created the Ohio higher educational facility commission for the purpose of enhancing the educational opportunities of the people of the state and enhancing the availability, efficiency, and economy of educational facilities and institutions, thereby promoting the employment opportunities, economic […]
Effective: July 26, 1991 Latest Legislation: House Bill 298 – 119th General Assembly The Ohio higher educational facility commission shall be comprised of nine members, one of whom shall be the chancellor of the Ohio board of regents or his designee. The remaining members shall be appointed by the governor with the advice and consent […]
Effective: October 26, 1999 Latest Legislation: House Bill 19 – 123rd General Assembly The Ohio higher educational facility commission may: (A) Acquire by gift or purchase and hold and mortgage real estate and interests therein and personal property to be used as a project or a part thereof; (B) Purchase, construct, reconstruct, enlarge, improve, furnish, […]
Effective: March 7, 1968 Latest Legislation: Senate Bill 453 – 107th General Assembly The Ohio higher educational facility commission may issue bonds of the state for the purpose of providing moneys to pay project costs. The commission shall provide by resolution for the issuance of such bonds. The principal of and interest on the bonds […]
Effective: September 26, 2003 Latest Legislation: House Bill 95 – 125th General Assembly In anticipation of the issuance of bonds authorized by section 3377.05 of the Revised Code, the Ohio higher educational facility commission may issue bond anticipation notes of the state and may renew the same from time to time by the issuance of […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Effective: August 26, 1977 Latest Legislation: House Bill 1 – 112th General Assembly A project is not subject to the requirements relating to public buildings, structures, grounds, works, or improvements imposed by section 125.81 of the Revised Code or any other similar requirements which may be lawfully waived by this section. A project shall be […]
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 […]
