Effective: August 25, 1970
Latest Legislation: Senate Bill 125 - 108th General Assembly
Revenue bonds issued by a regional transit authority shall bear interest at the rate or rates approved by the board of trustees, shall mature within forty years following the date of issuance, and in such amount, at such times, and in such number of installments as may be provided in the resolution authorizing their issuance. Such resolution shall also provide for the execution and sealing of the bonds and the use of facsimile signatures and facsimile of the seal, the manner of sale of the bonds, and such other terms and conditions relative to the issuance, sale, and retirement of said bonds as the board of trustees in their discretion believe reasonable and proper.
If such bonds are callable, bonds called may be refunded. If revenues prove insufficient to pay maturing bonds, bonds which have matured or are about to mature may be refunded.
Structure Ohio Revised Code
Chapter 306 | County Transit System; Regional Transit Authority; Regional Transit Commission
Section 306.01 | Establishing County Transit System.
Section 306.02 | Members of Board, Qualifications, Terms.
Section 306.03 | Organization of County Transit Board.
Section 306.04 | Powers and Duties of Board.
Section 306.05 | Advancement of Funds for County Transit System.
Section 306.06 | Agreements to Provide Transportation Service.
Section 306.07 | Exempting Revenue and Income From Taxation.
Section 306.08 | Acquiring Publicly or Privately Owned Transit System.
Section 306.09 | Issuing Bonds.
Section 306.10 | Issuing Refunding Bonds.
Section 306.11 | Control Over County Transit System's Revenue and Funds.
Section 306.12 | Acquiring Publicly or Privately Owned Transit System - Employee Rights.
Section 306.13 | Exempting Real and Personal Property From Taxation.
Section 306.14 | Report on Franchise Agreements.
Section 306.30 | Regional Transit Authority Definitions.
Section 306.301 | Resolution Designating Part of Township Member of Regional Transit Authority.
Section 306.31 | Creating Regional Transit Authority.
Section 306.32 | Resolution for Creation of Regional Transit Authority.
Section 306.33 | Appointment of Board of Trustees.
Section 306.331 | Board of Trustees for Joint County and Municipal Authority.
Section 306.34 | Power and Authority of Board of Trustees.
Section 306.35 | Regional Transit Authority - Powers and Duties.
Section 306.351 | Purchase and Operation of Flexible Joint Bus.
Section 306.352 | Felony Conviction Precludes or Terminates Employment.
Section 306.354 | Scope of Activities for Certain Regional Transit Authorities.
Section 306.36 | Power of Eminent Domain.
Section 306.37 | Issuing Revenue Bonds.
Section 306.38 | Trust Agreement May Secure Revenue Bonds.
Section 306.39 | Interest and Maturity of Revenue Bonds.
Section 306.40 | Issuing General Obligation Bonds.
Section 306.41 | Income and Profit From Bonds Exempt From Taxation.
Section 306.42 | Secretary-Treasurer of Regional Transit Authority Duties.
Section 306.43 | Contracts - Competitive Bidding.
Section 306.44 | Contracts With Other Governmental Entities.
Section 306.45 | Officers and Employees Are Eligible for Public Employees Retirement System.
Section 306.46 | Counties and Municipalities - Powers Not Limited.
Section 306.47 | Appropriation for County Funds for Expenses.
Section 306.48 | Group Insurance for Officers and Employees.
Section 306.49 | Annual Tax Levy.
Section 306.50 | Report on Local Spending on Airports.
Section 306.51 | Conveyance, Lease, or Exchange of Personal or Real Property.
Section 306.52 | Real and Personal Property Exempt From Taxation.
Section 306.53 | Cooperation With Other Governmental Agencies.
Section 306.54 | Dissolution or Modification in Membership.
Section 306.55 | Withdrawal From Regional Transit Authority.
Section 306.551 | Contract for Transit Services After Withdrawal.
Section 306.70 | Resolution Levying Tax for Regional Transit Purposes.
Section 306.71 | Election on Question of Decrease in Tax Rate.
Section 306.73 | Notice of Change in Transit System's Territorial Boundaries.
Section 306.81 | Adjacent States Definitions.
Section 306.82 | Provisions to Include in Agreement.
Section 306.83 | Advancement or Donation of Money.
Section 306.84 | No Property to Be Included in More Than One Regional Commission.
Section 306.85 | Bonds Are Lawful Investments.
Section 306.86 | Conveyance, Lease, or Exchange of Personal or Real Property.
Section 306.87 | Real and Personal Property Exempt From Taxation.
Section 306.88 | Filing Certified Copy of Agreement With County Recorder.
Section 306.89 | Federal and State Approval Necessary.