Effective: October 20, 1994
Latest Legislation: House Bill 250 - 120th General Assembly
(A) The Ohio rail development commission, in accordance with Chapter 119. of the Revised Code, shall adopt, and may amend and rescind, rules governing the process whereby a private corporation or organization may apply to the commission for a franchise for all or part of a rail system. The rules also shall establish the financial and technical criteria upon which a franchise is awarded. The criteria may include all of the following:
(1) The qualifications of each applicant, including the familiarity of the applicant with the transportation needs and resources of the state and the applicant's prior involvement and experience with respect to the development of rail service in this state;
(2) The level of transport services offered;
(3) The technology proposed;
(4) The timetable for construction;
(5) The construction, operation, and management plans;
(6) The financial plan and the applicant's financial ability to provide reliable service;
(7) Whether the proposed rail system will meet all applicable state and federal safety requirements;
(8) Any legislative changes that may be necessary in order to implement the applicant's proposal;
(9) Any plans and studies prepared for the commission;
(10) The projected ability of each applicant's proposed revenue sources to meet projected capital and operating funding requirements.
(B) The commission may solicit letters of intent from private corporations or organizations interested in applying for a franchise, and may require that a nonrefundable fee be submitted with the letter of intent. Any such fee may be applied against costs the commission incurs in evaluating applications and for subsequent administration of a franchise.
(C) The commission may request proposals to be delivered for a franchise to construct, operate, and maintain the rail system or a portion thereof.
(D) All applications for a franchise shall address the items contained in divisions (A)(1) to (11) of section 4981.04 of the Revised Code.
(E) The commission shall notify all prospective bidders for a franchise that any private corporation or organization that is awarded a franchise with respect to the 3-C corridor shall be obligated to reimburse the commission for amounts payable by the commission, up to a maximum of one million five hundred thousand dollars, arising out of commitments of the commission in connection with the preparation of the plan under section 4981.04 of the Revised Code, and out of other pre-existing contractual arrangements of the commission with respect to the 3-C corridor.
(F) The commission may award a franchise for the rail system or a portion of the system to the applicant the commission determines is best qualified, in accordance with standards for evaluation of applicants established by rule and previously announced.
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.