Effective: July 1, 1985
Latest Legislation: House Bill 201 - 116th General Assembly
If the principal of, or interest on, the bonded debt of the state is about to become due and the money in the state treasury to the credit of the sinking fund is insufficient for the payment thereof, the commissioners of the sinking fund shall file with the director of budget and management a written notice of the amount of the deficiency. The director shall obtain sufficient funds to eliminate the deficiency by means of the procedure set forth in section 126.06 of the Revised Code.
Structure Ohio Revised Code
Chapter 129 | Board of Commissioners of Sinking Fund
Section 129.01 | Board of Commissioners of Sinking Fund.
Section 129.03 | Duties of Secretary.
Section 129.04 | Duties of Board of Commissioners.
Section 129.041 | Deficiency in Sinking Fund.
Section 129.05 | Composition of Sinking Fund.
Section 129.06 | Application of Sinking Fund.
Section 129.08 | Surplus to Be Paid on or Invested in Public Debt.
Section 129.09 | Payment of Interest.
Section 129.10 | Bank at Which Interest Shall Be Paid.
Section 129.11 | Accounts of Bonded Debt.
Section 129.12 | Accounts of Irredeemable Debt.
Section 129.13 | Transfers of Certificates of Bonded Debt.
Section 129.14 | Renewal of Certificates Lost or Destroyed.
Section 129.15 | Transfer Books and Payrolls.
Section 129.16 | Expenses of Paying Bonded Debt.
Section 129.17 | Issuance of New Certificates.
Section 129.18 | Certificates of Bonded Debt - Disposal.
Section 129.19 | Disposal of Certificates When Bids Are Rejected.
Section 129.20 | Disposal of Certificates in Certain Cases.
Section 129.21 | Records Subject to Examination.
Section 129.22 | Semiannual Report.
Section 129.72 | Public Improvements Bond Retirement Fund.
Section 129.73 | Certifications of Moneys to and Transfers by State Treasurer.
Section 129.74 | Modification of Tax Levies for Public Improvements and Nonhighway Obligations.
Section 129.75 | Certification to General Assembly and State Treasurer of Payment in Full.