Ohio Revised Code Chapter 5540 - Transportation Improvement Districts

• Section 5540.01 - Transportation Improvement District Definitions.
  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...
• Section 5540.02 - Creation Of Transportation Improvement District.
  (A) A transportation improvement district may be created by the board of county commissioners of a county. The board, by resolution, shall determine the...
• Section 5540.021 - [Repealed].
  Effective Date: 06-30-1995
• Section 5540.03 - Powers Of Transportation Improvement District.
  (A) A transportation improvement district may: (1) Adopt bylaws for the regulation of its affairs and the conduct of its business; (2) Adopt an...
• Section 5540.031 - Special Assessments For Improvements.
  (A) The board of trustees of a transportation improvement district may provide for the construction, reconstruction, improvement, alteration, or repair of any road, highway,...
• Section 5540.04 - Acquiring And Disposing Of Property.
  (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...
• Section 5540.05 - Acquiring Excess Real Property In Connection With Project.
  The board of trustees of a district may acquire real property in fee simple in the name of the district in connection with, but...
• Section 5540.06 - Issuing Bonds.
  (A) The board of trustees of a transportation improvement district may provide by resolution for the issuance, at one time or from time to...
• Section 5540.07 - Refunding Outstanding Bonds.
  The board of trustees of a transportation improvement district may provide by resolution for the issuance of bonds of the district, payable solely from...
• Section 5540.08 - Additional Alternative Methods.
  This chapter provides an additional and alternative method for doing the things and taking the actions authorized by this chapter. This chapter shall be...
• Section 5540.09 - Bonds Not A Debt Of State.
  (A) The bonds do not constitute a debt, or a pledge of the faith and credit, of the state or of any political subdivision...
• Section 5540.10 - Securing Bonds By Trust Agreement.
  (A) In the discretion of the board of trustees of a transportation improvement district any bonds may be secured by a trust agreement between...
• Section 5540.11 - Applying Revenue From Project.
  Revenues derived from each project of a transportation improvement district in connection with which any bonds are outstanding shall be first applied to pay...
• Section 5540.12 - Deposit And Use Of Moneys.
  All moneys received by the board of trustees of a transportation improvement district under this chapter, whether as proceeds from the sale of bonds,...
• Section 5540.13 - Protection And Enforcement Of Rights Of Bondholder And Trustees.
  Any holder of bonds issued and outstanding under this chapter, or any of the coupons appertaining thereto, and the trustee under any trust agreement,...
• Section 5540.14 - Enforcing Rights Of Bondholder.
  The exercise of the powers granted by this chapter is in all respects for the benefit of the people of the state, for the...
• Section 5540.15 - Demonstrating Ways To Facilitate Public-private Cooperation And Flexibility In Financing, Constructing, Maintaining, Or Operating Transportation Projects.
  The department of transportation shall undertake a demonstration project to study, develop, and demonstrate ways to facilitate public-private cooperation and flexibility in financing, constructing,...
• Section 5540.151 - [Repealed].
  Repealed by 130th General Assembly File No. 7, HB 51, §101.02, eff. 7/1/2013. Effective Date: 09-29-1995
• Section 5540.16 - Findings As To Surface Transportation Projects Undertaken Under Chapter.
  It is hereby found and determined that surface transportation projects undertaken pursuant to this chapter are essential and will contribute to the improvement of...
• Section 5540.17 - Political Subdivision Need Not Consent Or Approve.
  Notwithstanding any other section of the Revised Code to the contrary, the approval, consent, or cooperation of a political subdivision is not required for...
• Section 5540.18 - Transportation Improvement District Projects Outside District.
  A board of county commissioners may enter into an agreement with a contiguous transportation improvement district that the board of county commissioners did not...

Last modified: October 10, 2016