Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
If there is money in the state treasury to the credit of the sinking fund not required for the payment of the interest on the bonded debt of the state, the board of commissioners of the sinking fund shall apply it to the payment of any part of such debt, on such terms as the board deems for the best interests of the state. If no such debt can be paid, the board shall invest such money in certificates of the bonded debt, not due. After such investment, if such moneys or any part thereof are required for the payment of any part of the bonded debt, maturing thereafter, the board may sell and transfer such certificates and apply the proceeds thereof to such payment.
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.