Effective: September 29, 2013
Latest Legislation: House Bill 59 - 130th General Assembly
(A) Except as otherwise provided in this division, if a person fails to meet or comply with any provision of an agreement entered into under section 333.02 of the Revised Code, the board of county commissioners may amend the agreement to reduce the percentage or term, or both, of the payments the person is entitled to receive under the agreement. The reduction shall commence in the calendar quarter immediately following the calendar quarter in which the board amends the agreement. If a person fails to comply with the provision described in division (B)(7) of section 333.04 of the Revised Code, no payments may be made under this chapter to that person after the person is found to be in violation.
(B) A board of county commissioners shall submit to the department of development and to the tax commissioner a copy of each agreement entered into under section 333.02 of the Revised Code and any modifications to an agreement within thirty days after finalization or modification of the agreement.
Structure Ohio Revised Code
Chapter 333 | Impact Facilities
Section 333.01 | Impact Facilities Definitions.
Section 333.02 | Agreement With Proposed Builder for Tax Revenue Sharing.
Section 333.03 | Application to Build Facility - Certification of Compliance.
Section 333.04 | Review of Application - Agreement With Builder.
Section 333.05 | Reduction of Payments for Noncompliance With Agreement.
Section 333.06 | Application of Builder for Payment.
Section 333.07 | Appeal of Reduced Payment by Builder to Tax Commissioner.