Effective: September 29, 2013
Latest Legislation: House Bill 59 - 130th General Assembly
(A) Prior to entering into each agreement to provide assistance under sections 166.02, 166.06, and 166.07 of the Revised Code, the director of development services shall determine whether the assistance will conform to the requirements of sections 166.01 to 166.11 of the Revised Code. Such determination, and the facts upon which it is based, shall be set forth, where required, by the director in submissions made to the controlling board when the director seeks a release of moneys under section 166.02 of the Revised Code. An agreement to provide assistance under sections 166.02, 166.06, and 166.07 of the Revised Code shall set forth such determination, which shall be conclusive for purposes of the validity and enforceability of such agreement and any loan guarantees, loans, or other agreements entered into pursuant to such agreement to provide assistance.
(B) Whenever a person applies for financial assistance under sections 166.02, 166.06, and 166.07 of the Revised Code and the project for which assistance is requested is to relocate facilities that are currently being operated by the person and that are located in another county, municipal corporation, or township, the person shall provide written notification of the relocation to the appropriate local governmental bodies. Prior to entering into an agreement to provide the assistance, the director shall verify that such notification has been provided.
(C) As used in division (B) of this section, "appropriate local governmental bodies" means:
(1) The board of county commissioners or legislative authority of the county in which the facility to be replaced is located;
(2) The legislative authority of the municipal corporation or the board of township trustees of the township in which the facility to be replaced is located.
Structure Ohio Revised Code
Chapter 166 | Economic Development Program
Section 166.01 | Economic Development Program Definitions.
Section 166.02 | Public Policy Declaration.
Section 166.03 | Facilities Establishment Fund.
Section 166.04 | Determining Whether Assistance Will Conform to Chapter.
Section 166.05 | Selection Criteria.
Section 166.06 | Contracts to Guarantee Repayment of Loans From Loan Guarantee Fund.
Section 166.07 | Lending Money From Facilities Establishment Fund.
Section 166.08 | Issuing Obligations.
Section 166.09 | Crediting Loan Repayments.
Section 166.10 | Authority Under Chapter Is in Addition to Powers Conferred by Other Laws.
Section 166.11 | Limits on Aggregate Amounts of Obligations and Guarantees.
Section 166.13 | Determining Whether Assistance Will Conform to Chapter Requirements.
Section 166.14 | Determining Eligible Innovation Projects - Confidential Information.
Section 166.15 | Contracts to Guarantee Repayment or Payment of Unpaid Principal Amount of Loans.
Section 166.16 | Innovation Ohio Loan Fund.
Section 166.17 | Establishment or Development of Eligible Research and Development Projects.
Section 166.18 | Applications for Research and Development Financial Assistance.
Section 166.20 | Research and Development Loan Fund.
Section 166.21 | Lending Moneys in Research and Development Loan Fund.
Section 166.25 | Loans From Logistics and Distribution Infrastructure Fund.
Section 166.26 | Logistics and Distribution Infrastructure Fund.
Section 166.27 | Minority Outreach for Rc 166.25 Loans.