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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 5540.07 | Refunding outstanding bonds.

Ohio Revised Code
/
Title 55 Roads-Highways-Bridges
/
Chapter 5540 Transportation Improvement Districts
 
Effective:
June 30, 1993
Latest Legislation:
House Bill 154 - 120th General Assembly
PDF:
Download Authenticated PDF
 

The board of trustees of a transportation improvement district may provide by resolution for the issuance of bonds of the district, payable solely from pledged revenues, for the purpose of refunding any bonds then outstanding, including the payment of related financing expenses and, if considered advisable by the board, for the additional purpose of paying costs of improvements, extensions, renovations, or enlargements of any project. The issuance of refunding bonds, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties, and obligations of the board in respect to such bonds shall be governed by the provisions of this chapter insofar as they are applicable and by the applicable bond proceedings.

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