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: 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