Effective: July 1, 2013
Latest Legislation: House Bill 51 - 130th General Assembly
(A) The bonds do not constitute a debt, or a pledge of the faith and credit, of the state or of any political subdivision of the state. Bond service charges on outstanding bonds are payable solely from the pledged revenues pledged for their payment as authorized by this chapter and as provided in the bond proceedings. All turnpike and infrastructure revenue bonds shall contain on their face a statement to that effect.
(B) All expenses incurred in carrying out this chapter shall be payable solely from revenues provided under this chapter and from state taxes. This chapter does not authorize the Ohio turnpike and infrastructure commission to incur indebtedness or liability on behalf of or payable by the state or any political subdivision of the state.
Structure Ohio Revised Code
Title 55 | Roads-Highways-Bridges
Chapter 5537 | Ohio Turnpike and Infrastructure Commission
Section 5537.01 | Turnpike Commission Definitions.
Section 5537.02 | Ohio Turnpike and Infrastructure Commission.
Section 5537.03 | Turnpike and Infrastructure Projects.
Section 5537.04 | Authority and Powers of Turnpike and Infrastructure Commission.
Section 5537.041 | Appeal of Turnpike Invoice.
Section 5537.05 | Construction of Grade Separations at Intersections of Turnpike Projects.
Section 5537.06 | Acquiring and Disposing of Property.
Section 5537.07 | Bidding Process for Contracts Exceeding $50,000.
Section 5537.08 | Issuing Revenue Bonds.
Section 5537.09 | Refunding Bonds.
Section 5537.10 | Turnpike Bonds Need Not Comply With Other Laws Applicable to Issuance of Bonds.
Section 5537.11 | Bonds Not a Debt of State.
Section 5537.12 | Trust Agreement for Security of Bonds.
Section 5537.13 | Contracts - Bids - Tolls - Sinking Fund - Lien of the Pledge.
Section 5537.14 | Holding and Application of Moneys.
Section 5537.15 | Protection and Enforcement of Rights of Bondholder and Trustees.
Section 5537.16 | Bylaws and Rules - Disposal of Fines.
Section 5537.18 | Applications for Infrastructure Project Funding.
Section 5537.19 | Studies of Turnpike or Infrastructure Projects.
Section 5537.21 | Project Continuing to Be Operated and Maintained as Toll Road.
Section 5537.23 | Liberal Construction of Chapter.
Section 5537.24 | Turnpike Legislative Review Committee.
Section 5537.25 | No Expenditures for Lobbyist.
Section 5537.26 | Change in Toll Rate Structure Requires Notice and Hearing.
Section 5537.27 | Application by Political Subdivisions or Government Agencies for Projects.
Section 5537.28 | Payment of Costs for Projects.
Section 5537.29 | Confidentiality of Information.