6121-2-05 Maintenance of tax exempt status of bonds and notes.

The governing body of the authority shall not approve a loan if the loan, in the opinion of the authority's counsel, would jeopardize the tax-exempt status of bonds or notes issued by the authority.

R.C. 119.032 review dates: 03/28/2014 and 03/28/2019
Promulgated Under: 111.15
Statutory Authority: 6121.04 , 6121.21 , 121.22
Rule Amplifies: 6121.04 , 6123.04
Prior Effective Dates: 4/27/00