Ohio Revised Code Chapter 353 - Lake Facilities Authorities

• Section 353.01 - Definitions.
  For purposes of this chapter: (A) "Lake facilities authority" means a body corporate and politic created pursuant to section 353.02 of the Revised Code....
• Section 353.02 - Creation Of Lake Facilities Authority.
  A lake facilities authority may be created by the board of county commissioners of a county that contains all of the territory of an...
• Section 353.03 - Powers Of Authority.
  A lake facilities authority may do all of the following: (A) Acquire by purchase, lease, gift, or otherwise, on such terms and in such...
• Section 353.04 - Board Of Directors.
  (A) Upon the creation of a lake facilities authority under section 353.02 of the Revised Code, a board of directors consisting of the county...
• Section 353.05 - Power To Propose Tax Levy.
  The board of directors of a lake facilities authority, by resolution, may propose the levy of a tax upon the taxable property in the...
• Section 353.06 - Tax On Lodging.
  As used in this section, "hotel" and "transient guests" have the same meanings as in section 5739.01 of the Revised Code. A resolution creating...
• Section 353.07 - Transfer Of Property For Benefit Of Wetlands, Wildlife, Or Sporting Activities.
  The director of natural resources may transfer real property owned by the state to a lake facilities authority for the purpose of promoting wetland...
• Section 353.08 - Lake Facilities Authority Anticipation Bonds.
  A lake facilities authority that levies a tax authorized by sections 353.05 and 5705.55 or section 353.06 of the Revised Code may, by resolution,...
• Section 353.09 - Lake Facilities Authority Revenue Bonds.
  A lake facilities authority at any time may issue lake facilities authority revenue bonds in such principal amounts as, in the opinion of the...
• Section 353.10 - Additional Powers With Respect To Facilities.
  (A) With respect to facilities, and their financing, for an authorized purpose, under agreements whereby the person to whom the facility is to be...
• Section 353.11 - Security For Bons.
  In the discretion of the lake facilities authority, any lake facilities authority revenue bonds issued under this chapter may be secured by a trust...
• Section 353.12 - Enforcement Of Rights.
  Any holder of lake facilities authority revenue bonds issued under sections 353.09 to 353.15 of the Revised Code, or any of the coupons pertaining...
• Section 353.13 - Nature Of Revenue Bonds.
  Lake facilities authority revenue bonds issued under sections 353.09 to 353.15 of the Revised Code do not constitute a debt, or a pledge of...
• Section 353.14 - Authority Moneys, Funds, Property And Assets.
  All moneys, funds, properties, and assets acquired by the lake facilities authority under this chapter, whether as proceeds from the sale of lake facilities...
• Section 353.15 - Investments.
  Except as otherwise provided in any resolution authorizing the issuance of its lake facilities authority revenue bonds or in any trust agreement securing the...
• Section 353.16 - Bonds As Lawful Investments.
  Bonds of a lake facilities authority and lake facilities authority revenue bonds are lawful investments of banks, societies for savings, trust companies, savings and...

Last modified: October 10, 2016