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 […]
Section 4981.21 | Special Assessment Installments.
Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly When a special assessment is made on real property owned by the Ohio rail development commission and leased under authority of sections 4981.11 to 4981.26 of the Revised Code, the installments of the assessment shall be paid by the lessee of such […]
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 […]