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 4582.42 | Limitations on County and Municipal Powers as to Harbor or Waterfront Improvements.
Effective: July 9, 1982 Latest Legislation: House Bill 439 – 114th General Assembly No municipal corporation or county creating or participating in the creation of a port authority in accordance with section 4582.22 of the Revised Code may, during the time the port authority is in existence, exercise the rights and powers provided in sections […]
Section 4582.33 | Modification of Port Authority Development Plan.
Effective: October 16, 2009 Latest Legislation: House Bill 1 – 128th General Assembly The board of directors, from time to time after the adoption of an official plan for the maritime facilities of the port authority, shall have the power to modify, amend, or extend the plan, provided that prior to the making of any […]