Effective: September 29, 2013
Latest Legislation: House Bill 59 - 130th General Assembly
Except as otherwise provided in any resolution authorizing the issuance of its lake facilities authority revenue bonds or in any trust agreement securing the bonds, moneys in the funds of the lake facilities authority in excess of current needs may be invested as permitted by sections 135.01 to 135.21 of the Revised Code or invested in linked deposit programs established by resolution of the board of directors in accordance with section 135.80 of the Revised Code. Income from all investments of moneys in any fund shall be credited to funds as the lake facilities authority determines, subject to the provisions of any such resolution or trust agreement, and the investments may be sold at any time the lake facilities authority determines.
Structure Ohio Revised Code
Chapter 353 | Lake Facilities Authorities
Section 353.02 | Creation of Lake Facilities Authority.
Section 353.03 | Powers of Authority.
Section 353.04 | Board of Directors.
Section 353.05 | Power to Propose Tax Levy.
Section 353.06 | Tax on Lodging.
Section 353.07 | Transfer of Property for Benefit of Wetlands, Wildlife, or Sporting Activities.
Section 353.08 | Lake Facilities Authority Anticipation Bonds.
Section 353.09 | Lake Facilities Authority Revenue Bonds.
Section 353.10 | Additional Powers With Respect to Facilities.
Section 353.11 | Security for Bonds.
Section 353.12 | Enforcement of Rights.
Section 353.13 | Nature of Revenue Bonds.
Section 353.14 | Authority Moneys, Funds, Property and Assets.