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Home » US Law » 2022 Ohio Revised Code » Title 49 | Public Utilities » Chapter 4981 | Rail Development Commission

Section 4981.01 | Rail Development Commission Definitions.

Effective: October 25, 1995 Latest Legislation: House Bill 61 – 121st General Assembly As used in sections 4981.01 to 4981.34 of the Revised Code: (A) “Person” means, in addition to the meaning given that term in division (C) of section 1.59 of the Revised Code, any unit of local government, any local or regional transportation […]

Section 4981.02 | Ohio Rail Development Commission.

Effective: July 1, 2009 Latest Legislation: House Bill 2 – 128th General Assembly (A) There is hereby created the Ohio rail development commission, as an independent agency of the state within the department of transportation, consisting of seven members appointed by the governor with the advice and consent of the senate, two members of the […]

Section 4981.03 | Duties of Rail Development Commission.

Effective: June 27, 2005 Latest Legislation: Senate Bill 124 – 126th General Assembly (A) The Ohio rail development commission shall do all of the following: (1) Develop, promote, and support safe, adequate, and efficient rail service throughout the state; (2) Maintain adequate programs of investigation, research, promotion, planning, and development for rail service, which programs […]

Section 4981.031 | Applying for Federal Loans.

Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) The Ohio rail development commission or the department of transportation, on behalf of the commission, may apply for and receive from the United States government loans and grants in accordance with any federal law or program concerning rail transportation. (B) It […]

Section 4981.032 | Issuing Grants and Loans.

Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly The Ohio rail development commission may issue grants and loans to any transportation authority or to any person for the purpose of continuing or instituting rail transportation in the state. The grants and loans may be used for rehabilitation, construction, planning, relocation, […]

Section 4981.033 | Indemnification – Liability Insurance Coverage.

Effective: June 30, 1997 Latest Legislation: House Bill 215 – 122nd General Assembly (A) Notwithstanding section 4961.37 of the Revised Code, a railroad company, public agency, or other person operating passenger rail service on a right-of-way owned by another shall indemnify and hold harmless the owner, user, or other rights holder for liability for any […]

Section 4981.05 | Application for Loans or Other Assistance.

Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) Any local or regional transportation authority may apply for a rail service continuation subsidy, acquisition or modernization loan, or any other assistance provided by the Regional Rail Reorganization Act for the purpose of providing any rail service that is consistent with […]

Section 4981.06 | Acquiring Property, Facilities, or Equipment.

Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) The Ohio rail development commission may purchase or lease any portion of the rail property of a railroad corporation, and may purchase or lease any other property, facilities, or equipment considered necessary by the commission for the operation of rail services, […]

Section 4981.07 | Restoration, Repair, Relocation, or Upgrading Rail Property.

Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) The Ohio rail development commission may restore, repair, relocate, or upgrade any rail property purchased, leased, or maintained by the commission. The commission may restore, repair, relocate, or upgrade any rail property owned by another person as long as such action […]

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 […]

Section 4981.13 | Issuing Loans and Bonds to Finance Rail Projects.

Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly To accomplish the public policies and purposes and to meet the responsibility of the state as set forth in this chapter, the Ohio rail development commission may directly undertake and implement and make loans to qualifying subdivisions, local or regional transportation authorities, […]

Section 4981.131 | Borrowing and Bond Power Not Exclusive.

Effective: October 20, 1994 Latest Legislation: House Bill 250 – 120th General Assembly (A) The power and authority provided by this chapter to qualifying subdivisions and local or regional transportation authorities to borrow for permitted loan purposes is in addition and supplemental to, not in derogation of, any other power or authority provided by law […]

Section 4981.14 | Powers of Rail Development Commission.

Effective: September 23, 2008 Latest Legislation: House Bill 562 – 127th General Assembly (A) The Ohio rail development commission may exercise all powers necessary or appropriate to carry out its corporate purposes. (B) The commission may do all of the following: (1) Adopt, and from time to time, ratify, amend, and repeal bylaws necessary and […]

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 […]