Effective: September 4, 1982
Latest Legislation: House Bill 98 - 114th General Assembly
All moneys received under Chapter 5593. of the Revised Code, whether as proceeds from the sale of bonds or as revenues, are trust funds, to be held and applied solely as provided in such sections. Such funds shall be kept in depositories as selected by the bridge commission of any county or city in the manner provided in sections 135.01 to 135.21 of the Revised Code, insofar as such sections are applicable, and the deposits shall be secured as provided in sections 135.01 to 135.21 of the Revised Code. The resolution authorizing the issuance of bonds of any issue or the trust agreement securing such bonds shall provide that any officer to whom, or any bank or trust company to which, such moneys are paid shall act as trustee of such moneys and hold and apply them for the purposes hereof, subject to such regulations as sections 5593.01 to 5593.24 of the Revised Code, and such resolution or trust agreement provide.
Structure Ohio Revised Code
Title 55 | Roads-Highways-Bridges
Chapter 5593 | Bridge Commissions
Section 5593.01 | Bridge Commissions Definitions.
Section 5593.03 | Construction and Acquisition of Bridges.
Section 5593.05 | Bridge Commission of County or City Appointed.
Section 5593.06 | Organization of Commission - Inspection of Bridges.
Section 5593.07 | Restrictions as to Members or Employees of Bridge Commissions.
Section 5593.08 | Bridge Commissions - Powers and Duties.
Section 5593.10 | Issuance of Bridge Revenue Bonds.
Section 5593.11 | Bonds Not a Debt of State.
Section 5593.12 | Trust Indenture.
Section 5593.13 | Bridge Commission to Fix and Collect Tolls - Use.
Section 5593.14 | Bond Proceeds and Revenues to Be Held in Trust.
Section 5593.16 | Bridge Revenue Refunding Bonds.
Section 5593.161 | Protection and Enforcement of Rights of Bondholder and Trustees.
Section 5593.19 | Chapter Supplementary and Additional.
Section 5593.20 | Bylaws and Rules.
Section 5593.21 | Conveying Property to Bridge Commission.
Section 5593.22 | Operation and Maintenance of Bridges by Bridge Commission Exempt From Taxation.
Section 5593.23 | Bridges Become Part of Highway System Upon Bridge Bond Payment.