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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 133.11 | Issuing general obligation securities of county.

Ohio Revised Code
/
Title 1 State Government
/
Chapter 133 Uniform Public Securities Law
 
Effective:
October 30, 1989
Latest Legislation:
House Bill 230 - 118th General Assembly
PDF:
Download Authenticated PDF
 

If the taxing authority of a county determines that the funds allocated for current expenses of the county are insufficient to pay those current expenses for the current fiscal year and the cost of the county auditor's assessment of real estate required by section 5713.01 of the Revised Code, the taxing authority may issue general obligation securities of the county in an amount necessary to pay the total estimated cost of that assessment. The proceeds of the principal of those securities shall be appropriated only for the cost of the assessment and financing costs. The last maturity of those securities shall not be later than seventy-two months from the date of initial issuance of securities for the purpose.

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