Ohio Revised Code Chapter 133 - Uniform Public Securities Law

• Section 133.01 - Uniform Public Securities Law Definitions.
  As used in this chapter, in sections 9.95, 9.96, and 2151.655 of the Revised Code, in other sections of the Revised Code that make...
• Section 133.02 - Public Securities Are Negotiable Instruments.
  (A) Securities lawfully authorized and issued by an issuer, and fractionalized interests in public obligations, subject to applicable provisions for registration or of the...
• Section 133.021 - Unified Volume Ceiling On The Aggregate Amount Of Private Activity Bonds.
  The general assembly hereby finds and declares that the "Tax Reform Act of 1986" (the "Act") establishes a unified volume ceiling on the aggregate...
• Section 133.022 - Issuance Of School Construction Bonds; Allocations Of State Portions; Factors To Be Considered.
  (A) As used in this section: (1) "Large local educational agency" and "qualified school construction bond" have the same meaning as in section 54F...
• Section 133.03 - Public Securities Are Lawful Investments.
  (A) Chapter 133. securities are: (1) Lawful investments for banks, savings and loan associations, credit union share guaranty corporations, trust companies, trustees, fiduciaries, insurance...
• Section 133.031, 133.032 - [Repealed].
  Effective Date: 10-30-1989
• Section 133.04 - Net Indebtedness Of Subdivision - Certain Securities Not Considered In Calculation.
  (A) As used in this chapter, "net indebtedness" means, as determined pursuant to this section, the principal amount of the outstanding securities of a...
• Section 133.041, 133.042 - [Repealed].
  Effective Date: 10-30-1989
• Section 133.05 - Net Indebtedness Of Municipal Corporation - Certain Securities Not Considered In Calculation.
  (A) A municipal corporation shall not incur net indebtedness that exceeds an amount equal to ten and one-half per cent of its tax valuation,...
• Section 133.06 - Net Indebtedness Of School District - Certain Securities Not Considered In Calculation.
  (A) A school district shall not incur, without a vote of the electors, net indebtedness that exceeds an amount equal to one-tenth of one...
• Section 133.061 - Net Securities Indebtedness Of School District.
  (A) This section applies only to a school district that satisfies all of the following conditions: (1) The district, prior to the effective date...
• Section 133.062 - [Repealed].
  Effective Date: 10-30-1989
• Section 133.07 - Net Indebtedness Of County - Certain Securities Not Considered In Calculation.
  (A) A county shall not incur, without a vote of the electors, either of the following: (1) Net indebtedness for all purposes that exceeds...
• Section 133.08 - County Revenue Securities.
  (A) In addition to any power to issue securities under other provisions of the Revised Code for the purposes, a county may issue revenue...
• Section 133.081 - Issuing Sales Tax Supported Bonds Of County.
  (A) As used in this section: (1) "Anticipation notes" means notes issued in anticipation of the sales tax supported bonds authorized by this section;...
• Section 133.082 - Securities Issued In Anticipation Of Taxes Collected.
  (A) A board of county commissioners of a county in which a county land reutilization corporation is organized under Chapter 1724. of the Revised...
• Section 133.083 - Tourism Development District Revenue Supported Bonds.
  (A) As used in this section: (1) "Anticipation notes" means notes issued in anticipation of the tourism development district revenue supported bonds authorized by...
• Section 133.09 - Net Indebtedness Of Township - Certain Securities Not Considered In Calculation.
  (A) Unless it is a township that has adopted a limited home rule government under Chapter 504. of the Revised Code, a township shall...
• Section 133.10 - Anticipation Securities.
  (A) In anticipation of the collection of current property tax revenues in and for any fiscal year, the taxing authority of any subdivision may...
• Section 133.11 - Issuing General Obligation Securities Of County.
  If the taxing authority of a county determines that the funds allocated for current expenses of the county are insufficient to pay those current...
• Section 133.12 - Issuing General Obligation Securities To Meet Emergencies.
  (A) If the tax commissioner determines that funds are not otherwise available for the purpose, the taxing authority of a subdivision having general property...
• Section 133.13 - Issuing Securities In Anticipation Of Levy Or Collection Of Special Assessments To Pay Costs Of Lighting, Sprinkling, Sweeping, Cleaning, Providing Related Or Similar Services.
  If the special assessments are to be paid in one annual installment, the taxing authority of a subdivision may issue securities in anticipation of...
• Section 133.14 - Issuance Of Securities To Pay Final Judgment.
  (A) The taxing authority of a subdivision may issue securities for the purpose of providing funds with which to pay one or more final...
• Section 133.15 - Issuance Of Securities To Pay For Permanent Improvements.
  (A) The taxing authority of any subdivision may issue securities of the subdivision for the purpose of paying all or any portion of the...
• Section 133.151 - Issuing Self-supporting Securities.
  (A) A county or township may issue, for itself or on behalf of any other county or township or in a joint exercise of...
• Section 133.152 - Issuance Of Securities To Pay For Joint County Juvenile Detention Facility Improvements.
  (A) The taxing authority of a detention facility district, of a district organized under section 2151.65 of the Revised Code, or of a combined...
• Section 133.16 - Capitalized Interest May Be Included In The Principal Amount Of Securities.
  (A) Capitalized interest may be included in the principal amount of Chapter 133. securities to pay the interest that the fiscal officer or taxing...
• Section 133.17 - Anticipation Securities For Special Assessments.
  (A) The taxing authority of a subdivision may issue securities in anticipation of the collection of unpaid special assessments in an amount sufficient to...
• Section 133.18 - Submission Of Question Of Issuance Of General Obligation Bonds To Electors.
  (A) The taxing authority of a subdivision may by legislation submit to the electors of the subdivision the question of issuing any general obligation...
• Section 133.19 - Fiscal Officer Of Subdivision To Certify Estimate Of Maximum Maturity.
  (A) Before the taxing authority passes the initial legislation under section 133.22 or 133.23 of the Revised Code providing for the issuance of Chapter...
• Section 133.20 - Maximum Maturity.
  (A) This section applies to bonds that are general obligation Chapter 133. securities. If the bonds are payable as to principal by provision for...
• Section 133.201 - [Repealed].
  Effective Date: 10-30-1989
• Section 133.21 - Paying Principal Amount Of Securities In Installments.
  (A) Except as provided in divisions (B) and (C) of this section, the principal amount of securities issued by any subdivision shall be payable...
• Section 133.22 - Authorizing Anticipatory Securities.
  (A) The taxing authority of a subdivision having legal authority and desiring to issue anticipatory securities that are Chapter 133. securities may pass legislation,...
• Section 133.23 - Legislation Authorizing Issuance Of Anticipatory Securities.
  (A) If the taxing authority has not determined to issue anticipatory securities in anticipation of bonds under section 133.22 of the Revised Code the...
• Section 133.24 - Tax Anticipation Notes Anticipating Collection Of Proceeds Of Voted Property Tax Levy.
  (A) This section applies to tax anticipation notes authorized by the law applying to the particular levy and issued in anticipation of the collection...
• Section 133.25 - Levying Property Tax To Debt Charges On Securities Payable From Property Taxes.
  (A) After the issuance of general obligation securities or of securities to which section 133.24 of the Revised Code applies, the taxing authority of...
• Section 133.26 - Securities To Contain Statement Of Purposes And Authorization.
  (A) Securities issued by a subdivision shall state on their face the purposes, stated in summary terms, for which, and identify the legislation under...
• Section 133.27 - Signing Securities.
  (A) Chapter 133. securities shall be signed on behalf of the subdivision as follows: (1) In the case of a municipal corporation, by the...
• Section 133.28 - [Repealed].
  Effective Date: 10-30-1989
• Section 133.29 - Offering Of Securities To Officers Of Bond Investment Fund Or Treasury Investment Board.
  (A) Before a taxing authority sells any securities of the subdivision to others, the taxing authority may offer the securities at their purchase price...
• Section 133.30 - Sale Of Securities.
  (A) As determined by the taxing authority, Chapter 133. securities may be sold by competitive bid on the best bid, or at private sale...
• Section 133.301 - [Repealed].
  Effective Date: 06-30-2002
• Section 133.302 - [Repealed].
  Effective Date: 09-17-1991
• Section 133.303 - Amended And Renumbered Rc 133.301.
  Effective Date: 10-30-1989
• Section 133.304 - [Repealed].
  Effective Date: 07-01-1989
• Section 133.31 - Delivering Securities.
  (A) Unless otherwise provided in the proceedings, a subdivision that sells an issue of securities shall deliver the securities for payment within the state...
• Section 133.311 - Amended And Renumbered Rc 133.13.
  Effective Date: 10-30-1989
• Section 133.312 - Amended And Renumbered Rc 307.284.
  Effective Date: 10-30-1989
• Section 133.32 - Depositing Proceeds From Sale.
  Unless otherwise provided by law or in proceedings authorized by law, proceeds from the sale of Chapter 133. securities shall be deposited and credited...
• Section 133.33 - Furnishing Of Transcript Of Proceedings To Purchaser.
  (A) The officer having charge of the minutes of the taxing authority or other public issuer shall prepare and certify, and if requested by...
• Section 133.34 - Refunding Securities.
  (A) Upon the determination of the taxing authority that such funding or refunding will be in the subdivision's best interest, the subdivision may: (1)...
• Section 133.35 - Exchange Of Securities In Depositories.
  If a refunding or plan of refunding of the indebtedness of any subdivision includes securities which are deposited with the treasurer of state or...
• Section 133.36 - Refunding Of Securities Under Bankruptcy Act.
  For the purpose of enabling subdivisions to take advantage of the act of congress entitled "An act to establish a uniform system of bankruptcy...
• Section 133.361 - [Repealed].
  Effective Date: 10-30-1989
• Section 133.362 - Amended And Renumbered Rc 133.31.
  Effective Date: 10-30-1989
• Section 133.363, 133.364 - [Repealed].
  Effective Date: 10-30-1989
• Section 133.37 - Refunding Special Assessment Bonds.
  With the approval of the tax commissioner, the taxing authority of any subdivision at any time may refund any outstanding bonds of the subdivision...
• Section 133.371 - [Repealed].
  Effective Date: 09-17-1991
• Section 133.38 - Proceedings When Anticipatory Securities Remain Unsold.
  (A) If Chapter 133. securities authorized to fund or refund anticipatory securities remain unsold after being offered at public or private sale under section...
• Section 133.39 - Issuance Of Duplicate Security, Check Or Warrant - Alternative.
  (A) The taxing authority of a subdivision may authorize, by specific legislation or by general legislation authorizing the fiscal officer or registrar to act...
• Section 133.40 - Exchange Procedures For Securities.
  (A) A subdivision may, if authorized by the taxing authority and upon the request of and at the expense of the original purchaser, in...
• Section 133.41 - Register Of Fully Registered Securities - Payment Of Debt Charges - Transfers.
  (A) A subdivision shall keep or cause to be kept a register for the purpose of effecting the exchange, transfer, and payment of fully...
• Section 133.42 - Registration Of Coupon Securities - Transfer.
  (A) A subdivision may register any coupon security registrable as to principal upon the request of the owner or holder. The officer in charge...
• Section 133.43, 133.44 - Amended And Renumbered Rc 133.41, 133.42.
  Effective Date: 10-30-1989
• Section 133.45 - Amended And Renumbered Rc 133.25.
  Effective Date: 10-30-1989
• Section 133.46 To 133.48 - [Repealed].
  Effective Date: 10-30-1989
• Section 133.49 - Amended And Renumbered Rc 3.14.
  Effective Date: 10-30-1989
• Section 133.50 - Delivery Of Bonds.
  When any officers, boards, or commissions have consented to any exchange or plan of exchange as provided in section 133.49 of the Revised Code,...
• Section 133.51 - Issuing Public Obligations For Housing Purposes.
  Any county, municipal corporation, or township may issue or incur public obligations, including general obligations, to provide, or assist in providing, housing pursuant to...
• Section 133.52 - Public Obligations For Conservation/revitalization Purposes.
  A county, municipal corporation, or township may issue or incur public obligations, including general obligations, to provide, or assist in providing, grants, loans, loan...
• Section 133.53 - Amended And Renumbered Rc 133.37.
  Effective Date: 10-30-1989
• Section 133.54 - Refunding Serial Bonds - Reassessment - Taxpaying Period - Rate Of Interest.
  Whenever bonds issued in anticipation of the collection of special assessments are refunded, as authorized by section 133.37 of the Revised Code, the taxing...
• Section 133.55 - Notice Of Reassessment - Tax Duplicate - Objections - Hearing.
  Before adopting any reassessment provided for in section 133.54 of the Revised Code, the fiscal officer shall prepare and file for public inspection a...
• Section 133.56 - Levy - Certification - Payment And Collection Of Reassessments - Exception.
  After the taxing authority has approved the assessments provided for in section 133.54 of the Revised Code, like proceedings shall be had for the...
• Section 133.57 - Pending Suits - Lien Of Reassessment To Attach To Land In Hands Of Purchaser At Judicial Sale - Order Of Court.
  Whenever a political subdivision has started proceedings under section 133.54 of the Revised Code to reassess any original assessment installments against any lot or...
• Section 133.58, 133.59 - [Repealed].
  Effective Date: 10-30-1989
• Section 133.60 - Issuing Bonds To Acquire Agricultural Easements.
  (A) As used in this section and in section 133.61 of the Revised Code: (1) "Agricultural easement" has the same meaning as in section...
• Section 133.61 - Issuing General Obligation Bonds To Acquire Agricultural Easements.
  The legislative authority of a municipal corporation, board of county commissioners of a county, or board of township trustees of a township may issue...
• Section 133.62 To 133.65 - [Repealed].
  Effective Date: 10-30-1989
• Section 133.70 - Complaint For Validation Of Authority To Issue Or Enter Into Securities.
  (A) As used in this section, supplementing the definitions of the terms contained in section 133.01 of the Revised Code: (1) "Issuer" also includes...
• Section 133.71 - Amended And Renumbered Rc 133.70.
  Effective Date: 10-30-1989
• Section 133.72 To 133.80 - [Repealed].
  Effective Date: 10-30-1989
• Section 133.99 - Penalty.
  Whoever violates division (C) of section 133.33 of the Revised Code is guilty of a misdemeanor of the first degree. Effective Date: 10-30-1989

Last modified: October 10, 2016