Effective: August 5, 2016
Latest Legislation: House Bill 233 - 131st General Assembly
The board of directors of a special improvement district in which all or part of a downtown redevelopment district is located may accept contributions from the municipal corporation that created the downtown redevelopment district pursuant to division (E)(2) of section 5709.45 of the Revised Code. The board shall use all such contributions to promote the downtown redevelopment district to potential business patrons, to recruit businesses to relocate or expand to the downtown redevelopment district, and to attract and promote events and activities that generate revenue or enhance public welfare within the downtown redevelopment district. The board shall periodically report to the legislative authority of the municipal corporation on the expenditure of the contributions and plans for the utilization of future contributions. If any contributions received by a special improvement district under this section remain after the dissolution or expiration of the downtown redevelopment district, the board shall pay the remaining amount to the contributing municipal corporation, which shall credit the money to its general fund.
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.