Effective: December 2, 1996
Latest Legislation: House Bill 627 - 121st General Assembly
It is hereby found and determined that surface transportation projects undertaken pursuant to this chapter are essential and will contribute to the improvement of the prosperity, health, safety, and welfare of the people of a transportation improvement district and to all of the state, and that it is in the public interest and a proper public purpose for a transportation improvement district to acquire, construct, enlarge, improve, equip, sell, lease, lease-purchase, exchange, or otherwise dispose of property, structures, and other facilities for such transportation projects. It is further found and determined that exercise of the authority granted by sections 5540.01 to 5540.17 of the Revised Code is consistent with and will promote industry, commerce, distribution, and research activity in the state. Sections 5540.01 to 5540.17 of the Revised Code, being necessary for the prosperity, health, safety, and welfare of the state and its people, shall be liberally construed to effect their purposes.
Structure Ohio Revised Code
Title 55 | Roads-Highways-Bridges
Chapter 5540 | Transportation Improvement Districts
Section 5540.01 | Transportation Improvement District Definitions.
Section 5540.02 | Creation of Transportation Improvement District.
Section 5540.03 | Powers of Transportation Improvement District.
Section 5540.031 | Special Assessments for Improvements.
Section 5540.04 | Acquiring and Disposing of Property.
Section 5540.05 | Acquiring Excess Real Property in Connection With Project.
Section 5540.06 | Issuing Bonds.
Section 5540.07 | Refunding Outstanding Bonds.
Section 5540.08 | Additional Alternative Methods.
Section 5540.09 | Bonds Not a Debt of State.
Section 5540.10 | Securing Bonds by Trust Agreement.
Section 5540.11 | Applying Revenue From Project.
Section 5540.12 | Deposit and Use of Moneys.
Section 5540.13 | Protection and Enforcement of Rights of Bondholder and Trustees.
Section 5540.14 | Enforcing Rights of Bondholder.
Section 5540.16 | Findings as to Surface Transportation Projects Undertaken Under Chapter.
Section 5540.17 | Political Subdivision Need Not Consent or Approve.
Section 5540.18 | Transportation Improvement District Projects Outside District.