Section 4981.33 | Review and Monitoring of Franchisee.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) The Ohio rail development commission shall review all plans and specifications of a franchisee for its portion of a rail system to ensure that the plans and specifications conform to commission standards, and shall inspect and approve the construction of all […]
Section 4981.34 | Issuing Bonds.
Effective: June 30, 1997 Latest Legislation: House Bill 210 – 122nd General Assembly (A) On behalf of a franchisee and pursuant to section 4981.15 of the Revised Code, the Ohio rail development commission may issue bonds for loans to finance development and construction of a franchisee’s portion of a rail system. Any bonds issued pursuant […]
Section 4981.35 | Interstate High Speed Intercity Rail Passenger Network Compact – Interstate Rail Passenger Advisory Council.
Effective: June 24, 1986 Latest Legislation: Senate Bill 289 – 116th General Assembly The “Interstate High Speed Intercity Rail Passenger Network Compact” is hereby ratified, enacted into law and entered into by the state of Ohio with all other states legally joining therein the form substantially as follows: “INTERSTATE HIGH SPEED INTERCITY RAIL PASSENGERNETWORK COMPACT […]
Section 4981.40 | Including All Federally Designated High-Speed Rail Corridors in Ohio and All Passenger Rail Corridors in Ohio Hub Study.
Effective: July 1, 2009 Latest Legislation: House Bill 2 – 128th General Assembly In any overall programmatic environmental impact study or other comprehensive high-speed rail project development study, the department of transportation and the rail development commission shall include all federally designated high-speed rail corridors in Ohio and all passenger rail corridors in the Ohio […]
Section 4981.22 | Issuing Refunding Bonds.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly The Ohio rail development commission may issue refunding bonds to refund any bonds it previously issued under sections 4981.11 to 4981.26 of the Revised Code, for any of the following purposes: (A) Refunding bonds which have matured or are about to mature […]
Section 4981.24 | Conveying Public Property to Rail Development Commission.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly Any political subdivision, taxing district, or other public body of this state, without competitive bidding, may convey or exchange with the Ohio rail development commission, for use in connection with a project, any or all of its interests in real or personal […]
Section 4981.25 | Designation of Corporation as Agent of State.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly In accordance with Section 13 of Article VIII, Ohio Constitution, the state, acting through the Ohio rail development commission, for the purpose of implementing rail service, may by resolution designate a corporation organized under Chapter 1702. or 1724. of the Revised Code […]
Section 4981.15 | Bonds Not a Debt of State.
Effective: November 2, 1999 Latest Legislation: House Bill 222 – 123rd General Assembly (A) The Ohio rail development commission, from time to time, may issue bonds in such principal amounts as the commission finds necessary to finance one or more rail service projects. Sections 9.98 to 9.983 of the Revised Code are hereby made applicable […]
Section 4981.16 | Determinations in Connection With Issuance of Bonds.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly The Ohio rail development commission may make the following determinations in connection with any issuance of its bonds: (A) The number, location, and other characteristics of projects, including to the extent reasonably possible, assurance that the projects to be financed by bonds […]
Section 4981.17 | Securing Bonds by Trust Agreement or Indenture of Mortgage.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) In the discretion of the Ohio rail development commission, the bonds may be secured by a trust agreement or indenture of mortgage between the issuer and a corporate trustee, which may be any trust company or bank having the powers of […]