Effective: October 26, 1995
Latest Legislation: Senate Bill 96 - 121st General Assembly
Any participating political subdivision of a special improvement district may issue bonds and notes in anticipation of collection of any special assessments authorized by this chapter. All proceeds of any assessments, bonds, or notes issued to fund any public improvements or public services plan under this chapter shall first be applied by the political subdivision to payment of those bonds or notes and any interest on them, as required by section 133.17 of the Revised Code. Any remaining proceeds shall be turned over to the treasurer of the district and deposited in a district account to be used for the purposes for which the assessment was made or for which the bonds or notes were issued.
Structure Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1710 | Special Improvement Districts
Section 1710.01 | Special Improvement District Definitions.
Section 1710.02 | Creation and Organization.
Section 1710.021 | Time Period for Transfer of Property.
Section 1710.03 | Members of District.
Section 1710.04 | Board of Directors Duties.
Section 1710.05 | Notice for Meetings -Method for Voting.
Section 1710.06 | Plans for Public Improvements or Public Services.
Section 1710.07 | Permitted Costs of Plan.
Section 1710.08 | Improvements or Services in Addition to Subdivision Improvements or Services.
Section 1710.09 | Contracts to Develop, Manage, or Implement Part or All of Any Plan.
Section 1710.10 | Participating Political Subdivision Contracts to Provide Improvements or Services.
Section 1710.11 | Adopting Written Rules Prescribing Competitive Bidding Procedures for Contracts.
Section 1710.12 | Issuing Bonds and Notes in Anticipation of Collection of Any Special Assessments.
Section 1710.13 | Dissolving a Special Improvement District.