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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 6119.16 | Investment in United States notes, bonds, or other obligations.

Ohio Revised Code
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Title 61 Water Supply-Sanitation-Ditches
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Chapter 6119 Regional Water And Sewer Districts
 
Effective:
November 19, 1971
Latest Legislation:
Senate Bill 166 - 109th General Assembly
PDF:
Download Authenticated PDF
 

Moneys in the funds of a regional water and sewer district, except as otherwise provided in any resolution authorizing the issuance of its water resource revenue bonds or in any trust agreement securing the same, in excess of current needs, may be invested in notes, bonds, or other obligations of the United States or of any agency or instrumentality thereof, or in obligations of this state or any political subdivision thereof. Income from all such investments of moneys in any fund shall be credited to such funds as the district determines, subject to the provisions of any such resolution or trust agreement, and such investments may be sold at such times and at such prices as the district determines.

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