Effective: August 27, 1981
Latest Legislation: House Bill 73 - 114th General Assembly
Any municipal corporation or other political subdivision, and all public agencies and commissions of the state notwithstanding any contrary law may lease, lend, grant, or convey to a bridge commission, at its request, upon such terms as the proper authorities of such municipal corporations, other political subdivisions, or public agencies and commissions of the state determines reasonable and fair, and without the necessity for an advertisement, order of court, or other action or formality, other than the regular and formal action of the authorities concerned, any real property which is necessary or convenient to the effectuation of the authorized purposes of the commission, including public roads and other real property already devoted to public use.
On or before the first day of February in each year the commission shall make an annual report of its activities for the preceding calendar year to the governor and the general assembly. Each such report shall set forth a complete operating and financial statement covering the commission's operations during the year.
The commission shall submit a copy of its proposed annual budget for each calendar year to the general assembly, the office of budget and management, and the legislative budget office of the legislative service commission at the same time such budget is submitted to the trustees of the commission's bond holders.
The commission shall cause an audit of its books and accounts to be made at least once each year by certified public accountants and cost thereof may be treated as a part of the cost of construction or of operations of any bridges then in operation or in course of construction, such cost to be apportioned among said bridges in the discretion of the commission, but not in contravention of any existing trust agreement to which the commission is a party.
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.