Effective: September 29, 2011 Latest Legislation: House Bill 153 – 129th General Assembly As used in this chapter: (A) “Transportation improvement district” or “district” means a transportation improvement district designated pursuant to section 5540.02 of the Revised Code. (B) “Governmental agency” means a department, division, or other unit of state government; a county, township, or […]
Effective: September 30, 2021 Latest Legislation: House Bill 110 (GA 134) (A) A transportation improvement district may be created by the board of county commissioners of a county. The board, by resolution, shall determine the structure of the board of trustees of the transportation improvement district it creates by adopting the structure contained either in […]
Effective: October 13, 2020 Latest Legislation: Senate Bill 4 – 133rd General Assembly (A) A transportation improvement district may: (1) Adopt bylaws for the regulation of its affairs and the conduct of its business; (2) Adopt an official seal; (3) Sue and be sued in its own name, plead and be impleaded, provided any actions […]
Effective: September 29, 2011 Latest Legislation: House Bill 153 – 129th General Assembly (A) The board of trustees of a transportation improvement district may provide for the construction, reconstruction, improvement, alteration, or repair of any road, highway, public place, building, or other infrastructure and levy special assessments, if the board determines that the public improvement […]
Effective: June 30, 1993 Latest Legislation: House Bill 154 – 120th General Assembly (A) A transportation improvement district may acquire by purchase, lease, lease-purchase, lease with option to purchase, appropriation, or otherwise and in such manner and for such consideration as it considers proper, any public or private property necessary, convenient, or proper for the […]
Effective: September 29, 2011 Latest Legislation: House Bill 153 – 129th General Assembly The board of trustees of a district may acquire real property in fee simple in the name of the district in connection with, but in excess of that needed for, a project by any method other than appropriation and hold the property […]
Effective: November 2, 1999 Latest Legislation: House Bill 222 – 123rd General Assembly (A) The board of trustees of a transportation improvement district may provide by resolution for the issuance, at one time or from time to time, of bonds of the district for the purpose of paying all or any part of the cost […]
Effective: June 30, 1993 Latest Legislation: House Bill 154 – 120th General Assembly The board of trustees of a transportation improvement district may provide by resolution for the issuance of bonds of the district, payable solely from pledged revenues, for the purpose of refunding any bonds then outstanding, including the payment of related financing expenses […]
Effective: June 30, 1993 Latest Legislation: House Bill 154 – 120th General Assembly This chapter provides an additional and alternative method for doing the things and taking the actions authorized by this chapter. This chapter shall be regarded as supplemental and additional to powers conferred by other laws. The issuance of bonds under this chapter […]
Effective: June 30, 2005 Latest Legislation: House Bill 66 – 126th General Assembly (A) The bonds do not constitute a debt, or a pledge of the faith and credit, of the state or of any political subdivision of the state. Bond service charges on outstanding bonds are payable solely from the pledged revenues pledged for […]
Effective: June 30, 1993 Latest Legislation: House Bill 154 – 120th General Assembly (A) In the discretion of the board of trustees of a transportation improvement district any bonds may be secured by a trust agreement between the board and a corporate trustee, which may be any trust company or bank having the powers of […]
Effective: June 30, 1993 Latest Legislation: House Bill 154 – 120th General Assembly Revenues derived from each project of a transportation improvement district in connection with which any bonds are outstanding shall be first applied to pay the cost of the construction, maintenance, and repair of the project and to provide such reserves therefor as […]
Effective: June 30, 1993 Latest Legislation: House Bill 154 – 120th General Assembly All moneys received by the board of trustees of a transportation improvement district under this chapter, whether as proceeds from the sale of bonds, as revenues, or otherwise are to be held and applied solely as provided in this chapter and in […]
Effective: June 30, 1993 Latest Legislation: House Bill 154 – 120th General Assembly Any holder of bonds issued and outstanding under this chapter, or any of the coupons appertaining thereto, and the trustee under any trust agreement, except to the extent the rights given by this chapter may be restricted or modified by the bond […]
Effective: June 30, 1993 Latest Legislation: House Bill 154 – 120th General Assembly The exercise of the powers granted by this chapter is in all respects for the benefit of the people of the state, for the increase of their commerce and prosperity, and for the improvement of their health and living conditions, and as […]
Effective: June 30, 1993 Latest Legislation: House Bill 154 – 120th General Assembly The department of transportation shall undertake a demonstration project to study, develop, and demonstrate ways to facilitate public-private cooperation and flexibility in financing, constructing, maintaining, or operating transportation projects. In so doing it shall take all steps necessary and appropriate to facilitate […]
Effective: December 2, 1996 Latest Legislation: House Bill 627 – 121st General Assembly It is hereby found and determined that surface transportation projects undertaken pursuant to this chapter are essential and will contribute to the improvement of the prosperity, health, safety, and welfare of the people of a transportation improvement district and to all of […]
Effective: June 30, 1995 Latest Legislation: House Bill 107 – 121st General Assembly Notwithstanding any other section of the Revised Code to the contrary, the approval, consent, or cooperation of a political subdivision is not required for a transportation improvement district project that involves constructing or improving a street or highway that runs through the […]
Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly A board of county commissioners may enter into an agreement with a contiguous transportation improvement district that the board of county commissioners did not create for the district to undertake a project that is located wholly or partially within that county provided […]
