Ohio Revised Code Chapter 761 - Industrial And Economic Development

• Section 761.01 - Industrial And Economic Development Definitions.
  As used in sections 761.01 to 761.14, inclusive, of the Revised Code: (A) "Municipal corporation" means any municipal corporation, including those which have adopted...
• Section 761.02 - Acquiring Real And Personal Property To Promote Economic And Industrial Development.
  For the purpose of promoting the industrial and economic development of this state, any municipal corporation may acquire real property and personal property in...
• Section 761.03 - Powers In Purchasing Or Constructing A Project.
  A municipal corporation purchasing or constructing a project pursuant to section 761.02 of the Revised Code may: (A) Issue revenue bonds payable solely from...
• Section 761.04 - Term Of Revenue Bonds.
  Revenue bonds issued under section 761.03 of the Revised Code, shall be in such form and shall be sold in such manner and upon...
• Section 761.05 - Distribution Of Revenue Bond Proceeds.
  Moneys derived from the sale of revenue bonds issued pursuant to sections 761.01 to 761.14, inclusive, of the Revised Code, shall be credited to...
• Section 761.06 - Use Of Bond Proceeds.
  The proceeds of each issue of revenue bonds issued pursuant to sections 761.01 to 761.14, inclusive, of the Revised Code, shall be used for...
• Section 761.07 - Bonds Not A Debt Of State.
  Revenue bonds issued under sections 761.01 to 761.14, inclusive, of the Revised Code, do not constitute a debt, or a pledge of the faith...
• Section 761.08 - Bonds Are Lawful Investments.
  Revenue bonds issued under sections 761.01 to 761.14, inclusive, of the Revised Code, are lawful investments of banks, savings banks, building and loan and...
• Section 761.09 - Trust Agreements Securing Bonds.
  Bonds issued under sections 761.04 to 761.14, inclusive, of the Revised Code, may be secured by a trust agreement between the municipal corporation and...
• Section 761.10 - Distributing Income.
  All rentals received under leases of a project made by the municipal corporation, and all proceeds of the sale or other disposition of a...
• Section 761.11 - Purchase Fund.
  Municipal corporations issuing revenue bonds as provided in sections 761.01 to 761.14, inclusive, of the Revised Code, shall establish a purchase fund to consist...
• Section 761.12 - Investment Of Moneys.
  Moneys in the funds established under sections 761.10 and 761.11 of the Revised Code, except as otherwise provided in any ordinance authorizing such revenue...
• Section 761.13 - Action In Event Of Default.
  In the event of a default with respect to any lease, the municipal corporation shall take such action as it deems proper in the...
• Section 761.14 - Issuing Additional Bonds For A Project.
  If the legislative authority of the municipal corporation finds that the bonds authorized will be insufficient to provide the project to be leased or...

Last modified: October 10, 2016