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: 07/07/2009 and 07/07/2014
Promulgated Under: 111.15
Statutory Authority: 6121.04, 6123.04
Rule Amplifies: 6121.04, 6123.04
Prior Effective Dates: 4/27/00