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 4981.26 | Waiver of Other Laws.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) A project of the Ohio rail development commission shall not be subject to the requirements relating to public buildings, structures, grounds, works, or improvements imposed by section 125.81, 713.02, or 713.25 of the Revised Code or any other similar requirements that […]
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 […]
Section 4981.18 | Protection and Enforcement of Rights of Bondholder and Trustees.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) Any holder of bonds issued pursuant to sections 4981.11 to 4981.26 of the Revised Code or a trustee under a trust agreement or indenture of mortgage entered into pursuant to section 4981.17 of the Revised Code, except to the extent that […]
Section 4981.19 | Bonds Are Lawful Investments.
Effective: November 2, 1999 Latest Legislation: House Bill 222 – 123rd General Assembly All bonds issued under sections 4981.11 to 4981.26 of the Revised Code are lawful investments of banks, societies for savings, savings and loan associations, deposit guarantee associations, trust companies, trustees, fiduciaries, insurance companies, including domestic for life and domestic not for life, […]
Section 4981.20 | Rail Development Commission Property Subject to Taxation and Zoning, Planning, and Building Regulations and Fees.
Effective: October 21, 2003 Latest Legislation: Senate Bill 37, House Bill 95 – 125th General Assembly (A) Any real or personal property, or both, of the Ohio rail development commission that is acquired, constructed, reconstructed, enlarged, improved, furnished, or equipped, or any combination thereof, and leased or subleased under authority of sections 4981.11 to 4981.26 […]