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 4582.50 | Securing Bonds by Trust Agreements.
Effective: May 17, 2000 Latest Legislation: Senate Bill 137 – 123rd General Assembly In the discretion of the port authority, any port authority revenue bonds issued under sections 4582.22 to 4582.59 of the Revised Code may be secured by a trust agreement between the port authority and a corporate trustee that may be any trust […]
Section 4582.51 | Protection and Enforcement of Rights of Bondholder and Trustees.
Effective: July 9, 1982 Latest Legislation: House Bill 439 – 114th General Assembly Any holder of port authority revenue bonds issued under sections 4582.22 to 4582.59 of the Revised Code, or any of the coupons appertaining thereto, and the trustee under any trust agreement, except to the extent the rights given by such sections may […]
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 4582.401 | Levying Taxes by Municipal Port Authority.
Effective: July 18, 1990 Latest Legislation: Senate Bill 330 – 118th General Assembly A port authority that is created by the exclusive action of a municipal corporation and located within an existing port authority created by a county may levy a tax under section 4582.40 of the Revised Code only if the existing port authority […]
Section 4582.41 | Secretary’s Bond – Care of Funds.
Effective: July 9, 1982 Latest Legislation: House Bill 439 – 114th General Assembly Before receiving any moneys, the secretary of a port authority created in accordance with section 4582.22 of the Revised Code shall furnish bond in such amount as shall be determined by the port authority, with sureties satisfactory to it, and all funds […]