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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 4582.41 | Secretary's bond - care of funds.

Ohio Revised Code
/
Title 45 Motor Vehicles-Aeronautics-Watercraft
/
Chapter 4582 Port Authorities
 
Effective:
July 9, 1982
Latest Legislation:
House Bill 439 - 114th General Assembly
PDF:
Download Authenticated PDF
 

Before receiving any moneys, the secretary of a port authority created in accordance with section 4582.22 of the Revised Code shall furnish bond in such amount as shall be determined by the port authority, with sureties satisfactory to it, and all funds coming into the hands of said secretary shall be deposited by him to the account of the port authority in one or more such depositories as shall be qualified to receive deposits of county funds, which deposits shall be secured in the same manner as county funds are required to be secured. No disbursements shall be made from such funds except in accordance with rules adopted by the port authority.

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