Section 4981.07 | Restoration, Repair, Relocation, or Upgrading Rail Property.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) The Ohio rail development commission may restore, repair, relocate, or upgrade any rail property purchased, leased, or maintained by the commission. The commission may restore, repair, relocate, or upgrade any rail property owned by another person as long as such action […]
Section 4981.08 | Sale, Transfer, or Lease of Rail Property.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) The Ohio rail development commission may sell, transfer, or lease any of the rail property that it possesses to any person for the continuation and operation of any rail service that is provided for pursuant to this chapter. (B) The commission […]
Section 4981.09 | Rail Development Fund.
Effective: September 29, 1999 Latest Legislation: House Bill 283 – 123rd General Assembly There is hereby created in the state treasury the rail development fund. The fund shall consist of such moneys as may be provided by law, including moneys received from the sale, transfer, or lease of any rail property pursuant to section 4981.08 […]
Section 4981.091 | Federal Rail Fund.
Effective: September 16, 1998 Latest Legislation: House Bill 770 – 122nd General Assembly There is hereby created in the state treasury the federal rail fund. The fund shall consist of money received pursuant to section 4981.08 of the Revised Code and such other money as may be provided by law. The fund shall be used […]
Section 4981.10 | Conditions for Purchasing Property, Facilities or Equipment.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly As long as such action does not violate covenants made on behalf of or for the benefit of the holders of bonds, notes, or other obligations of the Ohio rail development commission, the Ohio rail development commission may purchase any portion of […]
Section 4981.11 | Bond Proceedings Definitions.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) “Commission” means the Ohio rail development commission created in section 4981.02 of the Revised Code, the duties, powers, responsibilities, and functions of which are specified in this chapter. (B) “Bond” means revenue bonds, notes, or other obligations including current or advance […]
Section 4981.12 | Financing Rail Service.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) The general assembly hereby finds and declares that increasing requirements for rail service for the people of the state and escalating costs of providing such rail service have created inordinate demands upon the financial resources of the state, qualifying subdivisions, private […]
Section 4981.13 | Issuing Loans and Bonds to Finance Rail Projects.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly To accomplish the public policies and purposes and to meet the responsibility of the state as set forth in this chapter, the Ohio rail development commission may directly undertake and implement and make loans to qualifying subdivisions, local or regional transportation authorities, […]
Section 4981.131 | Borrowing and Bond Power Not Exclusive.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) The power and authority provided by this chapter to qualifying subdivisions and local or regional transportation authorities to borrow for permitted loan purposes is in addition and supplemental to, not in derogation of, any other power or authority provided by law […]
Section 4981.14 | Powers of Rail Development Commission.
Effective: September 23, 2008 Latest Legislation: House Bill 562 – 127th General Assembly (A) The Ohio rail development commission may exercise all powers necessary or appropriate to carry out its corporate purposes. (B) The commission may do all of the following: (1) Adopt, and from time to time, ratify, amend, and repeal bylaws necessary and […]