Effective: July 1, 2005
Latest Legislation: House Bill 431 - 125th General Assembly
(A) All bonds issued under this chapter are lawful investments of banks, societies for savings, savings and loan associations, deposit guarantee associations, trust companies, trustees, fiduciaries, insurance companies, including domestic for life and domestic not for life, trustees or other officers having charge of sinking and bond retirement or other special funds of political subdivisions and taxing districts of this state, the treasurer of state, the administrator of workers' compensation, the state teachers retirement system, the public employees retirement system, the school employees retirement system, and the Ohio police and fire pension fund, notwithstanding any other provision of the Revised Code or rules adopted by any governmental agency of this state with respect to investments, and are acceptable as security for the deposit of public moneys.
(B) The exercise of the powers this chapter grants is in all respects for the benefit of the people of the state, for the improvement of their health, safety, convenience, and economic welfare, and for the enhancement of the opportunities for safe and sanitary housing and is a public purpose.
(C) The programs undertaken by the Ohio housing finance agency constitute the performance of essential public functions, and the bonds issued under this chapter, their transfer, and income from those bonds, including any profit made on their sale, is at all times free from taxation within this state.
Structure Ohio Revised Code
Chapter 175 | Housing Finance Agency
Section 175.02 | Housing Finance Agency Created - Mission.
Section 175.03 | Members - Appointment - Terms - Compensation.
Section 175.04 | Officers - Quorum - Records - Annual Reports.
Section 175.05 | General Duties and Powers - Attorney General as Legal Representative.
Section 175.051 | Housing Finance Agency Personal Services Fund.
Section 175.053 | Duties of Executive Director.
Section 175.06 | Program Duties and Powers - Bonds and Financial Assistance.
Section 175.07 | Notice by Applicant for Funding for Multifamily Rental Housing Construction.
Section 175.08 | Housing Finance Agency Bonds - Proceeds - Sale - Liability - Negotiability.
Section 175.09 | Securing Bonds.
Section 175.10 | Bonds Are Lawful Investments.
Section 175.11 | Housing Development Fund.
Section 175.12 | Liberal Construction of Chapter - Public Records Law - Interagency Cooperation.
Section 175.13 | Enforcement of Agreement With Bondholders - Tax-Exempt Status of Bonds.
Section 175.14 | Inclusion of Reduction of Infant Mortality as Priority Housing Need in Annual Plan.