Section 5540.10 | Securing Bonds by Trust Agreement.
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 […]
Section 5540.11 | Applying Revenue From Project.
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 […]
Section 5540.01 | Transportation Improvement District Definitions.
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 […]
Section 5540.02 | Creation of Transportation Improvement District.
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 […]
Section 5540.03 | Powers of Transportation Improvement District.
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 […]
Section 5540.031 | Special Assessments for Improvements.
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 […]
Section 5540.04 | Acquiring and Disposing of Property.
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 […]
Section 5540.05 | Acquiring Excess Real Property in Connection With Project.
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 […]
Section 5540.06 | Issuing Bonds.
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 […]