Effective: September 21, 1982
Latest Legislation: House Bill 379 - 114th General Assembly
The Ohio air quality development authority may charge, alter, and collect rentals or other charges for the use or services of any air quality project and contract in the manner provided by this section with one or more persons, one or more governmental agencies, or any combination thereof, desiring the use or services of such project, and fix the terms, conditions, rentals, or other charges for such use or services. Such rentals or other charges shall not be subject to supervision or regulation by any other authority, commission, board, bureau, or agency of the state and such contract may provide for acquisition by such person or governmental agency of all or any part of such air quality project for such consideration payable over the period of the contract or otherwise as the authority in its sole discretion determines to be appropriate, but subject to the provisions of any resolution authorizing the issuance of air quality revenue bonds or notes or air quality revenue refunding bonds of the authority or any trust agreement securing the same. Any governmental agency that has power to construct, operate, and maintain air quality facilities may enter into a contract or lease with the authority whereby the use or services of any air quality project of the authority will be made available to such governmental agency and may pay for such use or services such rentals or other charges as may be agreed to by the authority and such governmental agency.
Any governmental agency or combination of governmental agencies may cooperate with the authority in the acquisition or construction of an air quality project and shall enter into such agreements with the authority as may be necessary, with a view to effective cooperative action and safeguarding of the respective interests of the parties thereto, which agreements shall provide for such contributions by the parties thereto in such proportion as may be agreed upon and such other terms as may be mutually satisfactory to the parties including without limitation the authorization of the construction of the project by one of the parties acting as agent for all of the parties and the ownership and control of the project by the authority to the extent necessary or appropriate for purposes of the issuance of air quality revenue bonds by the authority. Any governmental agency may provide the funds for the payment of such contribution as is required under such agreements by the levy of taxes, assessments or rentals and other charges for the use of the utility system of which the air quality project is a part or to which it is connected, if otherwise authorized by the laws governing such governmental agency in the construction of the type of air quality project provided for in the agreements, and may pay the proceeds from the collection of such taxes, assessments, utility rentals, or other charges to the authority pursuant to such agreements; or the governmental agency may issue bonds or notes, if authorized by such laws, in anticipation of the collection of such taxes, assessments, utility rentals, or other charges and may pay the proceeds of such bonds or notes to the authority pursuant to such agreements. In addition any governmental agency may provide the funds for the payment of such contribution by the appropriation of money or, if otherwise authorized by law, by the issuance of bonds or notes and may pay such appropriated money or the proceeds of such bonds or notes to the authority pursuant to such agreements. The agreement by the governmental agency to provide such contribution, whether from appropriated money or from the proceeds of such taxes, assessments, utility rentals, or other charges, or such bonds or notes, or any combination thereof, shall not be subject to Chapter 133. of the Revised Code or any regulations or limitations contained therein. The proceeds from the collection of such taxes or assessments, and any interest earned thereon, shall be paid into a special fund immediately upon the collection thereof by the governmental agency for the purpose of providing such contribution at the times required under such agreements.
When the contribution of any governmental agency is to be made over a period of time from the proceeds of the collection of special assessments, the interest accrued and to accrue before the first installment of such assessments shall be collected which is payable by such governmental agency on such contribution under the terms and provisions of such agreements shall be treated as part of the cost of the improvement for which such assessments are levied, and that portion of such assessments as are collected in installments shall bear interest at the same rate as such governmental agency is obligated to pay on such contribution under the terms and provisions of such agreements and for the same period of time as the contribution is to be made under such agreements. If the assessment or any installment thereof is not paid when due, it shall bear interest until the payment thereof at the same rate as such contribution and the county auditor shall annually place on the tax list and duplicate the interest applicable to such assessment and the penalty and additional interest thereon as otherwise authorized by law.
Any governmental agency, pursuant to a favorable vote of the electors in an election held before or after June 1, 1970, for the purpose of issuing bonds to provide funds to acquire, construct, or equip, or provide real estate and interests in real estate for, an air quality facility, whether or not such governmental agency, at the time of such election, had the authority to pay the proceeds from such bonds or notes issued in anticipation thereof to the authority as provided in this section, may issue such bonds or notes in anticipation of the issuance thereof and pay the proceeds thereof to the authority in accordance with its agreement with the authority; provided, that the legislative authority of the governmental agency find and determine that the air quality project to be acquired or constructed by the authority in cooperation with such governmental agency will serve the same public purpose and meet substantially the same public need as the facility otherwise proposed to be acquired or constructed by the governmental agency with the proceeds of such bonds or notes.
Structure Ohio Revised Code
Title 37 | Health-Safety-Morals
Chapter 3706 | Air Quality Development Authority
Section 3706.01 | Air Quality Development Authority Definitions.
Section 3706.02 | Air Quality Development Authority - Appointment of Members - Vacancies, Bond.
Section 3706.03 | Purposes of Air Authority.
Section 3706.04 | Development Authority - Powers and Duties.
Section 3706.041 | Financing Projects for Industry, Commerce, Distribution, or Research.
Section 3706.05 | Authority May Issue Revenue Bonds and Notes.
Section 3706.06 | Other State Laws Not Applicable.
Section 3706.07 | Bonds or Notes Secured by Trust Agreement.
Section 3706.08 | Protection and Enforcement of Rights of Bondholder and Trustees.
Section 3706.09 | Bonds Not a Debt of State.
Section 3706.10 | All Funds Acquired Shall Be Held in Trust.
Section 3706.101 | Futuregen Initiative Fund.
Section 3706.11 | Monies in Excess of Current Needs May Be Invested in Notes and Bonds.
Section 3706.13 | Projects to Be Maintained and Repaired - Reports.
Section 3706.14 | Bonds Are Lawful Investments.
Section 3706.15 | Exemption From Taxes and Assessments.
Section 3706.16 | Authority to Acquire Land as Necessary for Projects.
Section 3706.17 | Authority to Appropriate Land as Necessary for Projects.
Section 3706.20 | Public Meetings and Records.
Section 3706.21 | Liberal Construction of Chapter.
Section 3706.25 | Advanced Energy Projects Definitions.
Section 3706.28 | Advanced Energy Project Determinations Conclusive.
Section 3706.29 | Advanced Energy Projects Implementing Rules.
Section 3706.40 | Definitions for Sections 3706.40 to 3706.65.
Section 3706.41 | Application for Solar Energy Credits.
Section 3706.43 | Review and Approval.
Section 3706.431 | Confidentiality.
Section 3706.45 | Report to Ohio Air Quality Development Authority; Issuance of Credit.
Section 3706.46 | Revenue Requirements.
Section 3706.49 | Solar Generation Fund.
Section 3706.491 | Use of Solar Generation Fund for Administrative Costs.
Section 3706.55 | Remittance of Funds.
Section 3706.551 | Rereview of Solar Energy Credit Applications.
Section 3706.59 | Insufficient Funds.