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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 3377.15 | Bonds not debt of state.

Ohio Revised Code
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Title 33 Education-Libraries
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Chapter 3377 Ohio Higher Educational Facility Commission
 
Effective:
March 7, 1968
Latest Legislation:
Senate Bill 453 - 107th General Assembly
PDF:
Download Authenticated PDF
 

Bonds issued under authority of Chapter 3377. of the Revised Code do not, and shall state that they do not, represent or constitute a debt or pledge of the faith and credit of the state, grant to the owners or holders thereof any right to have the general assembly levy any taxes or appropriate any funds for the payment of the principal thereof or interest thereon. Such bonds are payable and shall state that they are payable solely from the rentals, revenues, and other income, charges, and moneys as are pledged for their payment in accordance with the bond proceedings.

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