Effective: September 29, 1999
Latest Legislation: House Bill 283 - 123rd General Assembly
There is hereby created in the state treasury the rail development fund. The fund shall consist of such moneys as may be provided by law, including moneys received from the sale, transfer, or lease of any rail property pursuant to section 4981.08 of the Revised Code. Moneys in the fund shall be used for the purpose of acquiring, rehabilitating, or developing rail property or service, or for participation in the acquisition of rail property with the federal government, municipal corporations, townships, counties, or other governmental agencies. For the purpose of acquiring such rail property, the Ohio rail development commission may obtain acquisition loans from the federal government or from any other source.
The fund shall also be used to promote, plan, design, construct, operate, and maintain passenger and freight rail transportation systems, and may be used to pay the administrative costs of the Ohio rail development commission associated with conducting any authorized rail program, and for any purpose authorized by sections 4981.03 and 5501.56 of the Revised Code. The fund shall not be used to provide loan guarantees.
Structure Ohio Revised Code
Chapter 4981 | Rail Development Commission
Section 4981.01 | Rail Development Commission Definitions.
Section 4981.02 | Ohio Rail Development Commission.
Section 4981.03 | Duties of Rail Development Commission.
Section 4981.031 | Applying for Federal Loans.
Section 4981.032 | Issuing Grants and Loans.
Section 4981.033 | Indemnification - Liability Insurance Coverage.
Section 4981.05 | Application for Loans or Other Assistance.
Section 4981.06 | Acquiring Property, Facilities, or Equipment.
Section 4981.07 | Restoration, Repair, Relocation, or Upgrading Rail Property.
Section 4981.08 | Sale, Transfer, or Lease of Rail Property.
Section 4981.09 | Rail Development Fund.
Section 4981.091 | Federal Rail Fund.
Section 4981.10 | Conditions for Purchasing Property, Facilities or Equipment.
Section 4981.11 | Bond Proceedings Definitions.
Section 4981.12 | Financing Rail Service.
Section 4981.13 | Issuing Loans and Bonds to Finance Rail Projects.
Section 4981.131 | Borrowing and Bond Power Not Exclusive.
Section 4981.14 | Powers of Rail Development Commission.
Section 4981.15 | Bonds Not a Debt of State.
Section 4981.16 | Determinations in Connection With Issuance of Bonds.
Section 4981.17 | Securing Bonds by Trust Agreement or Indenture of Mortgage.
Section 4981.18 | Protection and Enforcement of Rights of Bondholder and Trustees.
Section 4981.19 | Bonds Are Lawful Investments.
Section 4981.21 | Special Assessment Installments.
Section 4981.22 | Issuing Refunding Bonds.
Section 4981.24 | Conveying Public Property to Rail Development Commission.
Section 4981.25 | Designation of Corporation as Agent of State.
Section 4981.26 | Waiver of Other Laws.
Section 4981.28 | Development of Rail Service by Private Corporations.
Section 4981.29 | Encouraging Private Participation.
Section 4981.30 | Applying for and Award of Franchises.
Section 4981.31 | Franchise for Rail System.
Section 4981.32 | Authority Granted by Franchise Agreement.
Section 4981.33 | Review and Monitoring of Franchisee.