Effective: February 20, 1986
Latest Legislation: House Bill 583 - 116th General Assembly
As used in this section, "private enterprise" means a person whose ownership and use of the property leased to it or used exclusively by it would not qualify such property for exemption from taxation.
The exercise of the powers granted by this chapter will be for the benefit of the people of the state, for the improvement of their health, safety, convenience, and welfare, and for the enhancement of their convention and recreational opportunities and is a public purpose. As the operation and maintenance of facilities will constitute the performance of essential governmental functions, a convention facilities authority shall not be required to pay any taxes or assessments upon any facility to which it holds title, or upon any property acquired or used by it under this chapter, or upon the income therefrom, provided that any part of such a facility or property leased to, or exclusively used by, a private enterprise, and the income therefrom, shall be subject to appropriate taxes and assessments, and the listing of such a facility or property shall be split as provided in section 5713.04 of the Revised Code. The transfer to or from a convention facilities authority of title or possession of any facility, part thereof, or item included or to be included in any such facility and the receipt or sale by the authority of any services included in division (B)(3) of section 5739.01 of the Revised Code shall not be subject to the taxes levied pursuant to Chapters 5739. and 5741. of the Revised Code. The bonds and notes issued under this chapter, their transfer, and the income therefrom, shall at all times be free from taxation within the state.
Structure Ohio Revised Code
Chapter 351 | Convention Facilities Authorities
Section 351.01 | Convention Facilities Authority Definitions.
Section 351.02 | Creating Convention Facilities Authority.
Section 351.021 | Levying Excise Taxes on Lodging Transactions.
Section 351.03 | No County Financing or Subsidizing Operation of Authority.
Section 351.04 | Organization of Board of Directors.
Section 351.06 | Applicability of Prevailing Wage Law.
Section 351.07 | Employees of Authority.
Section 351.08 | Group Insurance for Employees.
Section 351.09 | Rentals or Other Charges for Use or Services of Any Facility.
Section 351.10 | Cooperating With Governmental Agencies.
Section 351.11 | Lawful Investments.
Section 351.12 | Exemption From Tax.
Section 351.13 | Power to Lease, Sell or Encumber Facility.
Section 351.14 | Issuing Bonds.
Section 351.141 | Issuing Anticipation Bonds.
Section 351.15 | Issuance of Convention Facilities Authority Bonds and Notes Exempt From Bond Laws.
Section 351.16 | Bonds Secured by Trust Agreement.
Section 351.17 | Protection and Enforcement of Rights of Bondholder and Trustees.
Section 351.18 | Bonds Not a Debt of State.
Section 351.19 | Moneys, Funds, Properties, and Assets Held in Trust.
Section 351.20 | Investing Money.
Section 351.22 | Eminent Domain.
Section 351.23 | Relocating Public Road, State Highway, Railroad, or Public Utility Facility.
Section 351.24 | Records of Convention Facilities Authority.