Effective: December 13, 2001
Latest Legislation: House Bill 405 - 124th General Assembly
(A) Upon determination by the board of county commissioners that such an issuance will be in the county's best interest, the board may, in the resolution adopted under section 5709.78 of the Revised Code, authorize the issuance of revenue bonds or notes to refund any general obligation bonds or notes, any mortgage revenue bonds or notes, or any revenue bonds issued prior to the effective date of the resolution to finance any public infrastructure improvement designated in, or the housing renovations authorized by, the resolution.
The resolution shall pledge only the funds of the account of the county redevelopment tax equivalent fund established for such public infrastructure improvements and housing renovations, to pay the interest on and principal of the bonds or notes issued pursuant to the resolution. The resolution shall specify the maturity date or dates, the interest payable in accordance with section 9.95 of the Revised Code, and such other terms to be included in the bonds or notes as are necessary for their issuance. The bonds and notes are not subject to Chapter 133. of the Revised Code.
Any bond or note issued under this division shall be deemed to be issued for the same purpose as the bond or note that it is being issued to refund. The proceeds of any bond or note issued under this division shall be used as determined by the board of county commissioners to pay the principal amount of the bond or note being refunded, any redemption premium, and any interest to redemption or maturity, and any expenses related to the outstanding obligations considered necessary by the board of county commissioners for the issuance of the bond or note.
Any bond or note issued to refund any other bond or note under this division may be issued whether or not such refunded bond or note was issued subject to call or redemption prior to maturity.
The authority granted by this division is in addition to and an alternative for, but not a limitation upon, other authorizations granted by or pursuant to law or the constitution for the same or similar purposes.
(B) In lieu of issuing bonds or notes under division (A) of this section, the board of county commissioners may, in a resolution adopted under section 5709.78 of the Revised Code, pledge the service payments collected under section 5709.79 of the Revised Code to secure payment of any obligation of the county issued to finance any public infrastructure improvements designated in the resolution.
Structure Ohio Revised Code
Chapter 5709 | Taxable Property - Exemptions
Section 5709.01 | Taxable Property Entered on General Tax List and Duplicate.
Section 5709.02 | Taxable Property to Be Entered on Classified Tax List and Duplicate.
Section 5709.03 | Fixing Situs of Certain Classes of Property Within or Without This State.
Section 5709.04 | Exemption of Intangible Property.
Section 5709.041 | Exemption of Certain Deposits.
Section 5709.05 | When Former Public Lands Become Taxable.
Section 5709.07 | Exemption of Schools, Churches, and Colleges.
Section 5709.08 | Exemption of Government and Public Property.
Section 5709.081 | Exempting Public Recreational Facility Used for Athletic Events.
Section 5709.083 | Exemption for Eligible County Projects.
Section 5709.084 | Exemption of Convention Centers.
Section 5709.09 | Exemption of Nature Preserves and Environmental Projects.
Section 5709.10 | Exemption of Public Property.
Section 5709.101 | Exemptions for Certain Real Property.
Section 5709.11 | Exemption of Municipal Utility Works.
Section 5709.112 | Exemption of Tangible Personal Property Used in Oil or Gas Recovery.
Section 5709.12 | Exemption of Property Used for Public or Charitable Purposes.
Section 5709.121 | Exclusive Charitable or Public Purposes Defined.
Section 5709.13 | Exemption of Property Used as Children's Homes.
Section 5709.14 | Exemption of Graveyards.
Section 5709.15 | Exemption of Veterans Funds and Monuments.
Section 5709.16 | Exemption of Monuments and Memorials.
Section 5709.18 | Exemption of Prehistoric Earthworks or Historic Buildings.
Section 5709.19 | Deduction for Domestic Animals.
Section 5709.20 | Air Pollution Control Facility - Noise Pollution Control Facility Definitions.
Section 5709.201 | Continuation of Certificates.
Section 5709.21 | Air or Noise Pollution Control Certificate.
Section 5709.211 | Opinion of a Director Required Before Issuance of Exempt Facility Certificate.
Section 5709.212 | Fees for Exempt Facility Certificate.
Section 5709.22 | Tax Commissioner - Powers and Duties.
Section 5709.24 | Tax Commissioner to Adopt Rules.
Section 5709.25 | Exemption of Pollution Control Facilities.
Section 5709.26 | Revocation of Certificate Due to Fraud or Misrepresentation - Penalties.
Section 5709.27 | Transfer of Exemption Certificate.
Section 5709.28 | Percentage of Taxable Value of Agricultural Security Area Land May Be Exempt.
Section 5709.40 | Declaration That Improvements Constitute Public Purpose - Blighted Areas.
Section 5709.41 | Declaration That Improvements Constitute Public Purpose.
Section 5709.411 | Declaration That Improvements Constitute Public Purpose - Detached Areas.
Section 5709.42 | Annual Service Payments in Lieu of Taxes.
Section 5709.44 | Foreign Trade Zone Exemption.
Section 5709.45 | Downtown Redevelopment Districts.
Section 5709.46 | Annual Service Payments in Lieu of Taxes.
Section 5709.47 | Municipal Downtown Redevelopment District Fund.
Section 5709.48 | Transportation Financing Districts; Creation.
Section 5709.481 | Voluntary Assessments.
Section 5709.49 | Service Payments.
Section 5709.50 | Regional Transportation Improvement Project Fund.
Section 5709.51 | Extension of Exemption From Taxation of Improvements.
Section 5709.55 | Grape Products - Personal Property Exemption.
Section 5709.57 | Agreements With Qualifying Athletic Complexes.
Section 5709.61 | Enterprise Zone Definitions.
Section 5709.62 | Designation of Enterprise Zones by Municipal Corporations.
Section 5709.63 | Designation of Enterprise Zones by Counties.
Section 5709.631 | Requirements for Agreements.
Section 5709.632 | Designation of Enterprise Zones by Central City of Metropolitan Statistical Area.
Section 5709.633 | Enterprise Relocating From Another Ohio Location.
Section 5709.634 | Waiver of Retail Facilities Exclusion.
Section 5709.64 | Applying for Tax Incentive Qualification Certificate.
Section 5709.65 | Entitlement to Tax Incentives.
Section 5709.66 | Applying for Employee Tax Credit Certificate.
Section 5709.67 | Duties of Director of Development and Tax Commissioner.
Section 5709.671 | Policy of Retaining Existing or Creating New Employment Opportunities.
Section 5709.68 | Report on All Agreements in Effect.
Section 5709.69 | Notice of Intent to Relocate.
Section 5709.71 | Exemption of Port Authority Property Leased to Railroad - Annual Payments.
Section 5709.72 | Exemption for Library Technology Development.
Section 5709.73 | Exemption for Increase in Property Value Due to Public Infrastructure Improvement.
Section 5709.74 | Annual Service Payments in Lieu of Taxes.
Section 5709.75 | Township Public Improvement Tax Increment Equivalent Fund.
Section 5709.76 | Exempting Public Obligations and Purchase Obligations.
Section 5709.77 | County Public Infrastructure Improvement Definitions.
Section 5709.79 | Annual Service Payments in Lieu of Taxes.
Section 5709.80 | Redevelopment Tax Equivalent Fund.
Section 5709.81 | County Bonds or Notes to Finance Public Infrastructure Improvement.
Section 5709.82 | Compensating School District for Revenues Lost Due to Tax Exemptions.
Section 5709.83 | Notifying School District of Proposed Tax Exemption.
Section 5709.831 | Reimbursing Local Taxing Authorities.
Section 5709.84 | Exemption for Local Railroad Operation.
Section 5709.85 | Tax Incentive Review Council.
Section 5709.86 | Exemption for Abandoned School Property.
Section 5709.87 | Exempting Increase in Assessed Value of Realty Cleaned of Contamination.
Section 5709.88 | Tax Incentives to Promote Employment and Improve Economic Climate.
Section 5709.881 | Local Agreements.
Section 5709.882 | Report of Local Agreements.
Section 5709.883 | Tax Incentive Review Council - Cleanup of Contamination.
Section 5709.91 | Service Payments in Lieu of Taxes.
Section 5709.911 | Exemptions.
Section 5709.912 | Administrative Rules.
Section 5709.916 | Concurrent Municipal Tax Increment Financing Exemptions.