Ohio Revised Code Chapter 4981 - Rail Development Commission

• Section 4981.01 - Rail Development Commission Definitions.
  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...
• Section 4981.02 - Ohio Rail Development Commission.
  (A) There is hereby created the Ohio rail development commission, as an independent agency of the state within the department of transportation, consisting of...
• Section 4981.03 - Duties Of Rail Development Commission.
  (A) The Ohio rail development commission shall do all of the following: (1) Develop, promote, and support safe, adequate, and efficient rail service throughout...
• Section 4981.031 - Applying For Federal Loans.
  (A) The Ohio rail development commission or the department of transportation, on behalf of the commission, may apply for and receive from the United...
• Section 4981.032 - Issuing Grants And Loans.
  The Ohio rail development commission may issue grants and loans to any transportation authority or to any person for the purpose of continuing or...
• Section 4981.033 - Indemnification - Liability Insurance Coverage.
  (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...
• Section 4981.04 - Plan For Construction And Operation Of Intercity Conventional Or High Speed Passenger Transportation System.
  (A) The Ohio rail development commission shall prepare a plan for the construction and operation of an intercity conventional or high speed passenger transportation...
• Section 4981.05 - Application For Loans Or Other Assistance.
  (A) Any local or regional transportation authority may apply for a rail service continuation subsidy, acquisition or modernization loan, or any other assistance provided...
• Section 4981.06 - Acquiring Property, Facilities, Or Equipment.
  (A) The Ohio rail development commission may purchase or lease any portion of the rail property of a railroad corporation, and may purchase or...
• Section 4981.07 - Restoration, Repair, Relocation, Or Upgrading Rail Property.
  (A) The Ohio rail development commission may restore, repair, relocate, or upgrade any rail property purchased, leased, or maintained by the commission. The commission...
• Section 4981.08 - Sale, Transfer, Or Lease Of Rail Property.
  (A) The Ohio rail development commission may sell, transfer, or lease any of the rail property that it possesses to any person for the...
• Section 4981.09 - Rail Development Fund.
  There is hereby created in the state treasury the rail development fund. The fund shall consist of such moneys as may be provided by...
• Section 4981.091 - Federal Rail Fund.
  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...
• Section 4981.10 - Conditions For Purchasing Property, Facilities Or Equipment.
  As long as such action does not violate covenants made on behalf of or for the benefit of the holders of bonds, notes, or...
• Section 4981.11 - Bond Proceedings Definitions.
  (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...
• Section 4981.12 - Financing Rail Service.
  (A) The general assembly hereby finds and declares that increasing requirements for rail service for the people of the state and escalating costs of...
• Section 4981.13 - Issuing Loans And Bonds To Finance Rail Projects.
  To accomplish the public policies and purposes and to meet the responsibility of the state as set forth in this chapter, the Ohio rail...
• Section 4981.131 - Borrowing And Bond Power Not Exclusive.
  (A) The power and authority provided by this chapter to qualifying subdivisions and local or regional transportation authorities to borrow for permitted loan purposes...
• Section 4981.14 - Powers Of Rail Development Commission.
  (A) The Ohio rail development commission may exercise all powers necessary or appropriate to carry out its corporate purposes. (B) The commission may do...
• Section 4981.15 - Bonds Not A Debt Of State.
  (A) The Ohio rail development commission, from time to time, may issue bonds in such principal amounts as the commission finds necessary to finance...
• Section 4981.151, 4981.152 - [Repealed].
  Effective Date: 03-31-1997
• Section 4981.16 - Determinations In Connection With Issuance Of Bonds.
  The Ohio rail development commission may make the following determinations in connection with any issuance of its bonds: (A) The number, location, and other...
• Section 4981.17 - Securing Bonds By Trust Agreement Or Indenture Of Mortgage.
  (A) In the discretion of the Ohio rail development commission, the bonds may be secured by a trust agreement or indenture of mortgage between...
• Section 4981.18 - Protection And Enforcement Of Rights Of Bondholder And Trustees.
  (A) Any holder of bonds issued pursuant to sections 4981.11 to 4981.26 of the Revised Code or a trustee under a trust agreement or...
• Section 4981.19 - Bonds Are Lawful Investments.
  All bonds issued under sections 4981.11 to 4981.26 of the Revised Code are lawful investments of banks, societies for savings, savings and loan associations,...
• Section 4981.20 - Rail Development Commission Property Subject To Taxation And Zoning, Planning, And Building Regulations And Fees.
  (A) Any real or personal property, or both, of the Ohio rail development commission that is acquired, constructed, reconstructed, enlarged, improved, furnished, or equipped,...
• Section 4981.21 - Special Assessment Installments.
  When a special assessment is made on real property owned by the Ohio rail development commission and leased under authority of sections 4981.11 to...
• Section 4981.22 - Issuing Refunding Bonds.
  The Ohio rail development commission may issue refunding bonds to refund any bonds it previously issued under sections 4981.11 to 4981.26 of the Revised...
• Section 4981.23 - [Repealed].
  Repealed by 129th General AssemblyFile No.28, HB 153, §105.01, eff. 9/29/2011.
• Section 4981.24 - Conveying Public Property To Rail Development Commission.
  Any political subdivision, taxing district, or other public body of this state, without competitive bidding, may convey or exchange with the Ohio rail development...
• Section 4981.25 - Designation Of Corporation As Agent Of State.
  In accordance with Section 13 of Article VIII, Ohio Constitution, the state, acting through the Ohio rail development commission, for the purpose of implementing...
• Section 4981.26 - Waiver Of Other Laws.
  (A) A project of the Ohio rail development commission shall not be subject to the requirements relating to public buildings, structures, grounds, works, or...
• Section 4981.28 - Development Of Rail Service By Private Corporations.
  (A) The general assembly hereby finds and declares that it is in the public interest for private corporations or organizations to participate in the...
• Section 4981.29 - Encouraging Private Participation.
  (A) In addition to the powers contained in section 4981.14 of the Revised Code, the Ohio rail development commission may do all of the...
• Section 4981.30 - Applying For And Award Of Franchises.
  (A) The Ohio rail development commission, in accordance with Chapter 119. of the Revised Code, shall adopt, and may amend and rescind, rules governing...
• Section 4981.31 - Franchise For Rail System.
  (A) The award by the Ohio rail development commission of a franchise for all or part of a rail system shall be the sole...
• Section 4981.32 - Authority Granted By Franchise Agreement.
  (A) A franchise agreement shall authorize the franchisee to do all of the following: (1) Acquire and dispose of real and personal property and...
• Section 4981.33 - Review And Monitoring Of Franchisee.
  (A) The Ohio rail development commission shall review all plans and specifications of a franchisee for its portion of a rail system to ensure...
• Section 4981.34 - Issuing Bonds.
  (A) On behalf of a franchisee and pursuant to section 4981.15 of the Revised Code, the Ohio rail development commission may issue bonds for...
• Section 4981.35 - Interstate High Speed Intercity Rail Passenger Network Compact - Interstate Rail Passenger Advisory Council.
  The "Interstate High Speed Intercity Rail Passenger Network Compact" is hereby ratified, enacted into law and entered into by the state of Ohio with...
• Section 4981.36 - [Repealed].
  Repealed by 130th General Assembly File No. 7, HB 51, §101.02, eff. 7/1/2013. Effective Date: 10-01-2002
• Section 4981.361 - [Repealed].
  Repealed by 130th General Assembly File No. 7, HB 51, §101.02, eff. 7/1/2013. Effective Date: 10-01-2002 Related Legislative Provision: See 129th General AssemblyFile No.39,...
• Section 4981.40 - Including All Federally Designated High-speed Rail Corridors In Ohio And All Passenger Rail Corridors In Ohio Hub Study.
  In any overall programmatic environmental impact study or other comprehensive high-speed rail project development study, the department of transportation and the rail development commission...

Last modified: October 10, 2016