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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 5126.52 | Shortage of suitable residential facilities.

Ohio Revised Code
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Title 51 Public Welfare
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Chapter 5126 County Boards Of Developmental Disabilities
 
You are viewing a past version of this section that is no longer in effect View Current Version
Effective:
July 17, 1990
Legislation:
House Bill 697 - 118th General Assembly
PDF:
Download Authenticated PDF
 

The general assembly finds that individuals with mental retardation or developmental disabilities residing in the state face a shortage of suitable residential facilities; that loans to finance the development of suitable residential facilities are subject to high interest rates; that eligible organizations, otherwise willing and able to develop suitable residential facilities, are unable to do so because of the high interest rates; and, consequently, that the shortage of suitable residential facilities is likely to continue and worsen.

The residential facility linked deposit program, when implemented in a county, is intended to provide low-cost funds for lending purposes that will effectively reduce high interest rates and materially contribute to remedying the shortage of suitable residential facilities for individuals with mental retardation or developmental disabilities who reside in the county.

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