LAW
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Ohio Laws and Rules
(A) Any use of housing trust fund monies by the eligible applicant in a manner which violates any terms or conditions of a grant or loan shall result in the administering body taking appropriate corrective action, including, but not limited to, immediate repayment and civil or criminal legal action.
(B) When repayment of a grant, loan, loan guarantee or loan subsidy funded with housing trust fund monies is directed by the administering body, a repayment plan may be negotiated with the administering body. All monies received by the administering body shall immediately be returned to the housing trust fund.
(C) When repayment of a grant, loan, loan guarantee or loan subsidy funded with housing trust fund monies is a condition of receipt of housing trust fund monies, all repayments received by the administering body shall immediately be returned to the housing trust fund.
Effective: 08/16/2009
R.C.
119.032 review dates: 05/18/2009
and 08/16/2014
Promulgated Under:
119.03
Statutory
Authority: 174.03(D)
Rule Amplifies:
174.01 -
174.07
Prior Effective
Dates: 4/16/92 (Emer), 6/26/92, 12/16/04