Section 4582.52 | Bonds Not a Debt of State.
Effective: May 17, 2000 Latest Legislation: Senate Bill 137 – 123rd General Assembly Port authority revenue bonds issued under sections 4582.22 to 4582.59 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, and the holders or owners […]
Section 4582.43 | Rentals or Charges – Cooperation for Construction of Facilities.
Effective: May 17, 2000 Latest Legislation: Senate Bill 137 – 123rd General Assembly A port authority may charge, alter, and collect rentals or other charges for the use or services of any port authority facility and contract in the manner provided by this section with one or more persons, one or more governmental agencies, or […]
Section 4582.431 | Contract Powers – Acquiring Property.
Effective: May 17, 2000 Latest Legislation: Senate Bill 137 – 123rd General Assembly (A) A port authority may enter into any contracts or other arrangements with the United States government, or any department thereof, with persons, railroads, or other corporations, with public corporations, with public utilities, and with the state government of this or any […]
Section 4582.44 | Bonds Are Lawful Investments.
Effective: November 2, 1999 Latest Legislation: House Bill 222 – 123rd General Assembly Bonds of a port authority and port authority revenue bonds issued pursuant to sections 4582.22 to 4582.59 of the Revised Code are lawful investments of banks, societies for savings, trust companies, savings and loan associations, deposit guaranty associations, trustees, fiduciaries, trustees or […]
Section 4582.46 | Port Authority Property Exempted From Taxes.
Effective: March 14, 2003 Latest Legislation: House Bill 675 – 124th General Assembly A port authority shall be exempt from and shall not be required to pay any taxes on property, both real and personal, or any combination thereof, belonging to any port authority that is used exclusively for any authorized purpose. This exemption shall […]
Section 4582.47 | Loans for Acquisition and Construction of Facilities.
Effective: May 17, 2000 Latest Legislation: Senate Bill 137 – 123rd General Assembly (A) With respect to facilities, and their financing, for authorized purposes, under agreements whereby the person to whom the facility is to be leased, subleased, or sold, or to whom a loan is to be made for the facility, is to make […]
Section 4582.48 | Issuing Revenue and Refunding Bonds.
Effective: March 31, 2010 Latest Legislation: Senate Bill 155 – 128th General Assembly A port authority at any time may issue port authority revenue bonds in such principal amounts as, in the opinion of the port authority, are necessary for the purpose of paying the cost of one or more port authority facilities or parts […]
Section 4582.49 | Bond Laws Not Applicable to Port Authority Revenue Bonds.
Effective: July 9, 1982 Latest Legislation: House Bill 439 – 114th General Assembly The issuance of port authority revenue bonds under sections 4582.22 to 4582.59 of the Revised Code need not comply with any other law applicable to the issuance of bonds or notes.
Section 4582.34 | Port Authority Development Plan Final.
Effective: April 7, 2009 Latest Legislation: Senate Bill 353 – 127th General Assembly A plan and any modification, amendment or extension of the plan, when adopted by the board of directors after notice and hearing under section 4582.32 or 4582.33 of the Revised Code shall be final and conclusive and its validity shall be conclusively […]
Section 4582.35 | Private Enterprise Participation.
Effective: May 17, 2000 Latest Legislation: Senate Bill 137 – 123rd General Assembly The port authority shall foster and encourage the participation of private enterprise in the development of the port facilities to the fullest extent it considers practicable in the interest of limiting the necessity of construction and operation of the facilities by the […]