Ohio Revised Code Search
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Section 126.141 | Contingency reserve for capital appropriations.
..., for payment of unanticipated project expenses. Any amount deducted from the encumbrance for a contractor's contract as an assessment for liquidated damages shall be added to the encumbrance for the contingency reserve. Contingency reserve funds shall be used to pay costs resulting from unanticipated job conditions, to comply with rulings regarding building and other codes, to pay costs related to errors, omi... |
Section 127.15 | Hearing on transfers.
...cy for use by such agency for operating expenses, except as otherwise provided by the general assembly. |
Section 1315.27 | Rules.
...sets, liabilities, capital, income, and expenses; (b) Is posted monthly from the original entry records; (c) Facilitates the preparation of an accurate trial balance of accounts in accordance with generally accepted accounting practices; (d) May consolidate activity at two or more locations, provided that books of original entries are maintained separately for each location. (3) Provide a receipt to each customer... |
Section 149.309 | Ohio commission for the United States semiquincentennial.
... the infrastructure of the state or for capital projects necessary for the successful delivery of the commission's plan and overall program; (b) Legislation needed to effectuate the plan and overall program. (3) The report shall be available on the commission's official web site. (4) The commission may, from time to time, expand upon or revise its initial report as events warrant. (J) The commission may s... |
Section 150.02 | Ohio venture capital authority.
... receive their reasonable and necessary expenses incurred in the conduct of authority business. The governor shall designate a member of the authority to serve as chairperson. A majority of the members of the authority constitutes a quorum, and the affirmative vote of a majority of the members present is necessary for any action taken by the authority. A vacancy in the membership of the authority does not impair t... |
Section 151.03 | Common schools capital facilities bond service fund.
... includes related direct administrative expenses and allocable portions of direct costs of the using school district and the Ohio facilities construction commission. (2) "Net state lottery proceeds" means the amount determined by the director of budget and management to be an excess amount to the credit of the state lottery fund and to be transferred to the lottery profits education fund, and moneys from time to tim... |
Section 151.05 | Natural resources projects bond service fund.
..." include related direct administrative expenses and allocable portions of direct costs of the Ohio department of natural resources. (3) "Obligations" means obligations as defined in section 151.01 of the Revised Code issued to pay costs of capital facilities. (B) The issuing authority shall issue obligations to pay costs of capital facilities pursuant to Section 2l of Article VIII, Ohio Constitution, section 151.0... |
Section 151.06 | Highway capital improvement bond service fund.
..." include related direct administrative expenses and allocable portions of direct costs of the Ohio department of transportation. (3) "Obligations" means obligations as defined in section 151.01 of the Revised Code issued to pay costs of capital facilities. (B) The issuing authority shall issue obligations to pay costs of capital facilities and projects pursuant to Section 2m of Article VIII, Ohio Constitution, sec... |
Section 151.08 | State capital improvements bond service fund.
..." include related direct administrative expenses and allocable portions of direct costs of the Ohio public works commission and the local subdivision. (3) "Local subdivision" means any county, municipal corporation, township, sanitary district, or regional water and sewer district. (4) "Obligations" means obligations as defined in section 151.01 of the Revised Code issued to pay costs of capital facilities. (B)(1)... |
Section 151.10 | Issuing obligations to pay costs of research and development projects.
...irect costs of those projects, costs of capital facilities, and working capital, all for the following: (a) Attracting researchers and research teams by endowing research chairs or otherwise; (b) Activities to develop and commercialize products and processes; (c) Intellectual property matters such as copyrights and patents; (d) Property interests including timesharing arrangements, capital formation, direct opera... |
Section 154.11 | Issuing obligations for refunding or retirement of prior obligations.
...redemption of such obligations, and any expenses incurred or to be incurred in connection with such issuance and such refunding, funding, and retirement. Subject to the bond proceedings therefor, the portion of proceeds of the sale of obligations issued under this section to be applied to bond service charges on the prior obligations shall be credited to the bond service fund for those prior obligations. Obligations ... |
Section 1707.01 | Securities definitions.
...ll, promotion and organization fees and expenses, trademarks, trade brands, trade names, licenses, franchises, any other assets treated as intangible according to generally accepted accounting principles, and securities, accounts receivable, or contract rights having no readily determinable value. (2) "Tangible property" means all property other than intangible property and includes securities, accounts receivable,... |
Section 1715.30 | Fiscal trustees - powers.
...estments, after deducting the necessary expenses of the trust. No charge or allowance for the services of such fiscal trustees shall be made. For such purposes, such fiscal trustees may, in the name of the association, contract and be contracted with, prosecute and defend suits, and receive, hold, and dispose of all money and property which the association may have, acquire, or be entitled to, by gift, purchase, or ... |
Section 1745.40 | Distributions prohibited; compensation and other permitted payments.
...(3) Repurchase a membership and repay a capital contribution made by a member to the extent authorized by its governing principles; (4) Make distributions of property to members upon winding up and termination to the extent permitted by section 1745.52 of the Revised Code. |
Section 1751.03 | Verification of application.
...penses, income, and sources of working capital; (12) The enrollee complaint procedure to be utilized as required under section 1751.19 of the Revised Code; (13) A description of the procedures and programs to be implemented on an ongoing basis to assure the quality of health care services delivered to enrollees, including, if applicable, a description of a quality assurance program complying with the requirem... |
Section 1751.32 | Annual report.
...port shall include the amount of wages, expense reimbursements, and other payments to these persons for services to the health insuring corporation, and shall include a full disclosure of the financial interests related to the operations of the health insuring corporation acquired by these persons during the preceding year. (G) An actuarial opinion in the form prescribed by the superintendent by rule; (H) Any oth... |
Section 1753.33 | Company action level event.
...tely identify each significant income, expense, and benefit component of the projection. (4) Identify the key assumptions impacting the health insuring corporation's projections made pursuant to division (B)(3) of this section, and describe the sensitivity of the projections to the assumptions; (5) Identify the quality of, and problems associated with, the health insuring corporation's business, including, bu... |
Section 1753.34 | Regulatory action level event.
...uring corporation. The fees, costs, and expenses relating to these consultants shall be borne by the affected health insuring corporation. |
Section 1761.02 | Establishment, licensing and operation.
...ection 5725.18 of the Revised Code, the capital deposits or contributions by participating credit unions shall not be included in the value of capital and surplus subject to the annual franchise tax payable by a credit union share guaranty corporation organized under this chapter nor shall any capital contributions, assessments, or fees received from participating credit unions for primary coverage by such credit uni... |
Section 1761.16 | Reports of audited financial statements.
...nt, the liability for the assessment of expenses incurred in conducting the examination, and the remittance of the assessment to the department of insurance operating fund. (H) All of the provisions of this section are in addition to those chapters of Title XXXIX of the Revised Code specified in division (A) of section 1761.04 of the Revised Code. |
Section 2930.19 | Victim standing to assert rights or challenge denial of rights; right to appeal.
...ing the procedure in a case involving a capital offense, the specific statute supersedes the provision in this chapter. (F) A defendant or juvenile offender may not raise the failure to afford a right to a victim as error in any legal argument to provide an advantage to that defendant or juvenile offender in any motion, including a dispositive motion, motion for a mistrial, motion for new trial, or motion to have a... |
Section 307.041 | Contracts to analyze reducing energy consumption in buildings owned by county.
... or for defraying the current operating expenses of the county may be pledged and applied to the payment of interest and the retirement of the notes. The notes may be sold at private sale or given to the contractor under an installment payment contract authorized by division (D) of this section. (F) Debt incurred under this section shall not be included in the calculation of the net indebtedness of a county under s... |
Section 307.676 | Tax on retail sale of food and beverages consumed on premises - general fund revenue.
...ly for the direct and indirect costs of capital improvements in accordance with the agreement, including the financing of capital improvements. Immediately following the execution of the agreement, the county shall cause the agreement to be published once using at least one of the following methods: (i) In the print or digital edition of a newspaper of general circulation in that county; (ii) On the official pub... |
Section 307.696 | Agreement for sales tax levy and bond issuance to construct and operate a sports facility.
...y, carrying and redemption charges, and expenses on bonds issued by either the county or the corporation to: (a) Construct a sports facility or provide for related redevelopment or economic development as provided in this section; (b) Acquire real and personal property, property rights, easements, or interests that may be appropriate for, or used in connection with, the operation of the facility; and (c) Make ... |
Section 307.697 | Voting on question of levying liquor tax to support facility.
... for the purpose of paying the costs of capital repairs of and improvements to a sports facility, or both. The tax shall be levied and approved in one of the manners prescribed by division (D)(1) or (2) of this section. (1) The tax may be levied pursuant to a resolution adopted by a majority of the members of the board of county commissioners not later than forty-five days after July 19, 1995. A board of county com... |
Section 3313.372 | Installment payment contract for purchase and installation of energy conservation measures.
... or for defraying the current operating expenses of the district, may be applied to the payment of interest and the retirement of such notes. The notes may be sold at private sale or given to the energy services company under the installment payment contract authorized by division (B) of this section. (E) Debt incurred under this section shall not be included in the calculation of the net indebtedness of a school d... |
Section 3315.40 | Board may establish education foundation fund.
...be reimbursed for actual and necessary expenses incurred in the performance of their official duties. |
Section 3333.96 | Strategic square footage reduction fund.
...iling the extent and the status of past capital budget appropriations supporting the project and the existence of any outstanding bonded debt derived from such support. The chancellor and the Ohio facilities construction commission shall consider the information supplied under this division in making final awards. (E) Each state institution of higher education that receives a loan under this section annually shal... |
Section 3345.721 | Fiscal caution status.
...al of any controlling board request for capital projects. (D) The chancellor, the office of budget and management, or the auditor of state may conduct any audit or analysis necessary to assess the fiscal condition of any state university or college. |
Section 3381.02 | Creation of regional arts and cultural district - district is political subdivision.
...nts to support the operating or capital expenses of arts or cultural organizations located within its district, or acquiring, constructing, equipping, furnishing, repairing, remodeling, renovating, enlarging, improving, or administering artistic or cultural facilities. A regional arts and cultural district is a political subdivision of the state and a body corporate, comprised of the territory of a county, or two or ... |
Section 3381.17 | Annual grants to arts or cultural organizations - limitation - suggestions of area arts council.
...nts to support the operating or capital expenses of such of the arts or cultural organizations located within the territory of the district as the board of trustees shall determine; provided, however, that not more than ten per cent of the amount granted in any calendar year shall be granted to arts and cultural organizations that are not qualifying arts or cultural organizations; and further provided that prior to m... |
Section 3734.53 | Contents of county or joint solid waste management district plan.
...n-year increments; (10) An analysis of expenses for which the district is liable under section 3734.35 of the Revised Code; (11) A projection of solid waste transfer facilities that will be needed in conjunction with existing solid waste facilities and those projected under division (A)(7) of this section; (12) Such other projections as the district considers necessary or appropriate to ascertain and meet the so... |
Section 3769.08 | Pari-mutuel system of wagering.
...completion, and set forth the costs and expenses incurred in connection with it. The racing commission shall not approve an application unless the permit holder shows that a contract for the new race track or capital improvement has been let under an unrestricted competitive bidding procedure, unless the contract is exempted by the controlling board because of its unusual nature. In determining whether to approve an ... |
Section 3769.20 | Major capital improvement project tax reduction.
... the track structure. (G) The cost and expenses to which the tax reduction granted under this section applies shall be determined by generally accepted accounting principles and be verified by an audit of the permit holder's records, upon completion of the major capital improvement project, either by the racing commission or by an independent certified public accountant selected by the permit holder and approv... |
Section 3770.06 | State lottery gross revenue fund - state lottery fund - lottery profits education fund - deferred prizes trust fund - audit program.
...ations of the commission and as working capital for its further operations, the director of the state lottery commission shall recommend the amount of the excess to be transferred to the lottery profits education fund, and the director of budget and management may transfer the excess to the lottery profits education fund in connection with the statewide lottery. In addition, whenever, in the judgment of the director ... |
Section 3901.34 | Transactions to which insurer is a party; dividends and distributions to shareholders.
... the insurer as measured by its assets, capital, surplus, reserves, premium writings, insurance in force, and other appropriate criteria; (2) The extent to which the insurer's business is diversified among the several lines of insurance; (3) The number and size of risks insured in each line of business; (4) The extent of the geographical dispersion of the insurer's insured risks; (5) The nature and extent of ... |
Section 3901.62 | Credit for reinsurance ceded as asset or reduction of liability; accreditation as reinsurer.
...of this section; (b) Maintain minimum capital and surplus, or its equivalent, in an amount to be determined by the superintendent in rule or regulation; (c) Maintain financial strength ratings from two or more rating agencies that meet criteria the superintendent sets forth in rule or regulation; (d) Agree to submit to the jurisdiction of this state, appoint the superintendent as its agent for service of proces... |
Section 3903.83 | Duty to submit plan.
...ately identify each significant income, expense, and benefit component of the projection. (4) Identify the key assumptions impacting the insurer's projections made pursuant to division (B)(3) of this section, and describe the sensitivity of the projections to the assumptions; (5) Identify the quality of, and problems associated with, the insurer's business, including, but not limited to, its assets, anticipate... |
Section 3903.84 | Regulatory action level event duties of superintendent and insurer.
...r for the insurer. The fees, costs, and expenses relating to these consultants shall be borne by the affected insurer. |
Section 3906.03 | Alternative minimum financial security benchmarks.
...remium rates charged; (b) Increases in expenses beyond those contemplated by the premium rates charged; (c) Decreases in the value of assets, or the return on invested assets below those planned on; (d) Changes in economic conditions that would make liquidity more important than contemplated and would force untimely sale of assets or prevent timely investments; (e) Currency devaluation to which the insurer ma... |
Section 3907.05 | Escrowing amount for paid-in capital and contributed surplus.
...ion, printing, promotion, and all other expenses incident to an offer of securities shall be paid from this initial escrow account. The superintendent may waive the requirement of this initial escrow account if registration by qualification or coordination of the securities to be offered is not required under Chapter 1707. of the Revised Code. Upon organization, filing of policies, and evidence that the officers of ... |
Section 3913.01 | Conversion of domestic stock life insurance corporation into a mutual life insurance corporation.
...ed by the superintendent. All necessary expenses incurred by the superintendent shall be paid by the corporation, as certified to by the superintendent. Before such a plan can be carried out, it must be submitted to the superintendent and must be approved by the superintendent in writing; provided that every payment for the acquisition of any shares of the capital stock of such corporation, the purchase price ... |
Section 3913.04 | Appointment of trustees - deposit retained by superintendent of insurance.
...her the retirement of the corporation's capital stock nor the amendment of its articles of incorporation shall affect existing suits, rights, or contracts of such corporation. The deposit of one hundred thousand dollars in securities or mortgages made by such corporation pursuant to section 3907.07 of the Revised Code, shall be retained by the superintendent in trust for the benefit and security of all of the members... |
Section 3925.08 | Investment of accumulated funds or surplus.
...e is adequate provision for payment of expenses of operation and maintenance and the principal and interest on all obligations when due; (D)(1) Bonds or other evidences of indebtedness, bearing or accruing interest, issued, assumed, or guaranteed by any solvent corporation, trust, partnership, or similar business entity organized and existing under the laws of this or any other state, or of the United States,... |
Section 3929.30 | Annual report.
...aid during the year; (3) The amount of expenses paid during the year, including commissions and fees to agents and officers of the company; (4) The amount paid for taxes; (5) The amount of all payments and expenditures; (6) The amount of scrip dividend declared. |
Section 3931.01 | Exchange of reciprocal or interinsurance contracts - execution of contracts.
...he insured and against loss, damage, or expense incident to a claim arising out of the death, disease, or injury of any person as the result of negligence or malpractice in rendering professional service by any licensed physician, podiatrist, or hospital, as those terms are defined in section 2305.113 of the Revised Code. |
Section 3953.14 | Investments.
... shall be determined by considering the expenses incurred in obtaining them, the age thereof, the cost of replacements less depreciation, and all other relevant factors. Once the value of a title plant has been determined, such value may be increased only by the acquisition of another title plant by purchase, consolidation, or merger; in no event shall the value of the title plant be increased by additions made there... |
Section 3955.05 | Nonapplicability to certain kinds of insurance.
...he insured and against loss, damage, or expense incident to a claim arising out of the death, disease, or injury of any person as the result of negligence or malpractice in rendering professional service by any licensed physician, podiatrist, or hospital, as those terms are defined in section 2305.113 of the Revised Code. (L) Any political subdivision self-insurance program or joint political subdivision self-insura... |
Section 3964.19 | Contracts of assumption of risk or indemnification; permissible commercial activities.
...ing of upfront, or ongoing, transaction expenses, or managing asset, credit, prepayment, or interest rate risk of the investments of the special purpose financial captive insurance company. (b) The purpose of the transactions described in division (E)(1)(a) of this section shall be any of the following: (i) To ensure that the investments are sufficient to assure payment or repayment of the securities, and related... |
Section 4301.10 | Division of liquor control powers and duties.
...e division and also an adequate working capital reserve for the division. The gross profit shall not exceed forty per cent of the retail selling price based on costs of the division, and in addition the sum required by section 4301.12 of the Revised Code to be paid into the state treasury. An amount equal to one and one-half per cent of that gross profit shall be paid into the statewide treatment and prevention fund ... |
Section 4301.12 | Custody, safekeeping, and deposit of funds.
...urther operations, to pay the operating expenses of the commission, and for the alcohol testing program under section 3701.143 of the Revised Code, the director shall transfer the excess to the credit of the general revenue fund. If the director determines that the amount in the liquor control fund is insufficient, the director may transfer money from the general revenue fund to the liquor control fund. |
Section 4909.172 | Application for approval to collect infrastructure improvement surcharge.
...ture plant may consist of the following capital improvements that the commission determines are prudent and used and useful in rendering public utility service and that are properly classified in the uniform system of accounts adopted by the National Association of Regulatory Utility Commissioners as identified in rule 4901:1-15-32 of the Administrative Code: (1) In the case of a waterworks company, replacement of ... |
Section 4928.01 | Competitive retail electric service definitions.
...at would otherwise have been charged to expense as incurred or would not have been capitalized or otherwise deferred for future regulatory consideration absent commission action. "Regulatory assets" includes, but is not limited to, all deferred demand-side management costs; all deferred percentage of income payment plan arrears; post-in-service capitalized charges and assets recognized in connection with statement of... |
Section 4981.02 | Ohio rail development commission.
...mmission, or any other state agency for capital improvements for the development of passenger rail shall be subject to the approval of the controlling board with an affirmative vote of not fewer than five members, including the affirmative vote of a majority of the controlling board members appointed by the president of the senate and a majority of the controlling board members appointed by the speaker of the house o... |
Section 5139.43 | Felony delinquent care and custody program.
...y delinquent care and custody fund for expenses that are not authorized under division (B) of this section, within forty-five days after the department notifies the county of the unauthorized expenditures, the county either shall repay the amount of the unauthorized expenditures from the county general revenue fund to the state's general revenue fund or shall file a written appeal with the department. If an app... |
Section 5511.03 | Highway facilities for state institutions.
...t of rehabilitation and correction for capital improvements or maintenance in such proportion as may be agreed upon by the directors of transportation, mental health and addiction services, developmental disabilities, and rehabilitation and correction. |
Section 5705.14 | Transfer of funds.
...l be credited to an account for current expenses within that fund. The county board of developmental disabilities may request, by resolution, that the board of county commissioners make the transfer. The county board of developmental disabilities shall transmit a certified copy of the resolution to the board of county commissioners. Upon receiving the resolution, the board of county commissioners may make the transfe... |
Section 5709.081 | Exempting public recreational facility used for athletic events.
...y debt service, and provide for working capital related to the ownership, management, operation, and use of the property, including payments of taxes on the taxable part of the public recreational facility, contractually obligated payments or deposits into reserves or otherwise, and service payments under section 307.699 of the Revised Code. (C) The exemption provided in division (B) of this section also appli... |
Section 5726.01 | Definitions.
... the Revised Code. (S) "Total equity capital" means the sum of the common stock at par value, perpetual preferred stock and related surplus, other surplus not related to perpetual preferred stock, retained earnings, accumulated other comprehensive income, treasury stock, unearned employee stock ownership plan shares, and other equity components of a financial institution. "Total equity capital" shall not include a... |
Section 5726.05 | Apportionment factor.
...der resale agreements exceeds interest expense on federal funds purchased and securities sold under repurchase agreements. (ii) The amount by which interest, dividends, gains, and other income from trading assets and activities, including, but not limited to, assets and activities in the matched book, in the arbitrage book, and foreign currency transactions, exceed amounts paid in lieu of interest, amounts pai... |
Section 5726.98 | Calculating tax due.
...es on loans made under the Ohio venture capital program under sections 150.01 to 150.10 of the Revised Code; The refundable motion picture and broadway theatrical production credit under section 5726.55 of the Revised Code; The refundable credit for film and theater capital improvement projects under section 5726.59 of the Revised Code. (B) For any credit except the refundable credits enumerated in this sect... |
Section 5733.056 | Determining value of issued and outstanding shares of stock.
...der resale agreements exceeds interest expense on federal funds purchased and securities sold under repurchase agreements. (ii) The sales factor shall include the amount by which interest, dividends, gains, and other income from trading assets and activities, including, but not limited to, assets and activities in the matched book, in the arbitrage book, and foreign currency transactions, exceed amounts paid i... |
Section 5739.02 | Levy of sales tax - purpose - rate - exemptions.
... facility in excess of operating costs, capital expenditures, and reserves to be paid to the eligible county at least once per calendar year. (II) Upon dissolution and liquidation of the nonprofit corporation, all of its net assets are distributable to the board of commissioners of the eligible county from which the corporation leases the facility. (ii) "Eligible county" has the same meaning as in section 307.6... |
Section 5751.98 | Order of credits - limitations - excess carried forward.
... refundable credit for film and theater capital improvement projects under section 5751.55 of the Revised Code; The refundable jobs creation credit or job retention credit under division (A) of section 5751.50 of the Revised Code; The refundable credit for calendar year 2030 for unused net operating losses under division (C) of section 5751.53 of the Revised Code. (B) For any credit except the refundable cre... |
Section 5911.10 | Armory improvements fund - lease or sale of vacant armory.
... acquisition, lease, or financing of a capital asset is subject to approval by the controlling board. Investment earnings of the fund shall be credited to the general revenue fund. |
Section 6111.036 | Water pollution control loan fund.
...operation, maintenance, and replacement expenses of the project, and, if appropriate in the director's judgment, an adequate capital improvements fund. (3) The proposed disposal system of which the project is a part is economically and nonmonetarily cost-effective, based upon an evaluation of feasible alternatives that meet the waste water treatment needs of the planning area in which the proposed project is located... |
Section 6121.041 | Waste water facilities service area.
...y of the capital costs and debt service expenses of the authority for waste water facility services in the area, and any debt service on obligations in effect at the time of the order. No portion of the cost of acquisition of a waste water facility by appropriation may be charged against the governmental agency from which the facility was acquired. The authority may recover a portion of such acquisition cost from the... |
Section 717.02 | Installment payment contracts for energy conservation measures.
... or for defraying the current operating expenses of the municipal corporation, may be pledged and applied to the payment of interest and the retirement of the notes. The notes may be sold at private sale or given to the contractor under an installment payment contract authorized by division (D) of this section. (F) Debt incurred under this section shall not be included in the calculation of the net indebtedness of... |
Section 717.11 | Repayment to air and water development authority upon acquisition of construction financing.
...des the cost of preparing the plans and expenses incidental thereto, may include the amount provided from the fund in any bonds issued for the purpose of paying the cost of the proposed improvements, including bonds authorized by the electors and bonds payable only from the revenues of the project, or may repay the fund from any other source of project construction financing. All repayments of advances received by v... |
Section 718.81 | Definitions.
... or are in consideration for the use of capital and treated as payment of interest under section 469 of the Internal Revenue Code or United States treasury regulations. Amounts paid or accrued to a qualified self-employed retirement plan with respect to a partner, former partner, shareholder, former shareholder, member, or former member of the taxpayer, amounts paid or accrued to or for health insurance for a partner... |
Section 1107.03 | Evaluating adequacy of bank's capital.
...ate bank shall operate without adequate capital as determined by the superintendent of financial institutions. In evaluating the adequacy of a state bank's capital, the superintendent may consider any of the following: (A) The nature and volume of the bank's business; (B) The amount, nature, quality, and liquidity of the bank's assets; (C) The amount and nature of the bank's liabilities, including those that are n... |
Section 1107.05 | Issuing debt securities.
...(A) A state bank may issue debt securities at the times, in the amounts, and subject to the terms approved in writing by the superintendent of financial institutions. (B) In the case of a stock state bank, the terms of debt securities may include either of the following: (1) Options to subscribe to or purchase the bank's shares at not less than par value; (2) The right to convert the debt securities to the bank's ... |
Section 1107.07 | Par value of bank shares.
...All stock state bank shares shall have par value, whether they are common shares or preferred shares. |
Section 1107.09 | Stock options.
...(A) A stock state bank may, with the approval of the bank's board of directors, the holders of a majority of the bank's voting shares, and the superintendent of financial institutions, adopt and carry out plans for the offering or sale of, the grant of, or the grant of options on, the bank's shares to any or all employees, officers, or directors of the bank or any of the bank's subsidiaries or affiliates, or to other... |
Section 1107.11 | Pre-emptive rights.
...ed to the shareholders, less reasonable expenses, compensation, or discount paid or allowed for the sale, underwriting, or purchase of the shares. (B) An action arising from the offering or sale of shares under division (A) of this section shall be brought within two years after the date on which written notice or other communication of the transaction is mailed or otherwise given to the person entitled to bring the... |
Section 1107.13 | Bank may purchase its own shares.
...With the prior written approval of the superintendent of financial institutions, a stock state bank may purchase its own shares in accordance with section 1701.35 of the Revised Code. (B) A stock state bank that acquires shares of its stock shall retire or dispose of the shares at the time and in the manner required by the superintendent. |
Section 1107.15 | Declaring dividends and distributions.
...quired transfers to surplus and paid-in capital. (D) The approval of the superintendent is required for the declaration of dividends and distributions if the total of all dividends and distributions declared on the bank's shares in any year, and not paid in shares, exceeds the total of its net income for that year combined with its retained net income of the preceding two years. (E) Prior to the declaration of any ... |
Section 150.01 | Venture capital program definitions.
... (1) "Authority" means the Ohio venture capital authority created under section 150.02 of the Revised Code. (2) "Issuer" means a port authority organized and existing under applicable provisions of Chapter 4582. of the Revised Code that, pursuant to an agreement entered into under division (E) of section 150.02 of the Revised Code, issues or issued obligations to fund one or more loans to the program fund. (3)... |
Section 150.03 | Program fund; Investment policy.
...am fund in private, for-profit venture capital funds, including funds of funds, that invest in enterprises in the seed or early stage of business development or established business enterprises developing new methods or technologies, and that demonstrate potential to generate high levels of successful investment performance. (C) It specifies that a program administrator or fund manager employed by the program ... |
Section 150.04 | Terms and conditions for tax credits; Security against losses.
...ion first of moneys of the Ohio venture capital fund, created under section 150.08 of the Revised Code, that the authority, under the criteria in its investment policy, determines may be expended without adversely affecting the ability of the authority to continue fulfilling the purpose of this chapter as stated in section 150.01 of the Revised Code; and then (2) The granting of tax credits pursuant to section 150.0... |
Section 150.05 | Selection of investment funds as program administrators.
...ess presence in this state, and must be capitalized in accordance with any state and federal laws applicable to the issuance or sale of securities. The authority shall select program administrators only after soliciting and evaluating requests for proposals as prescribed in this section. The authority shall publish a notice of a request for proposals in newspapers of general circulation in this state once each week... |
Section 150.051 | Annual report regarding minority business enterprises.
...ts of this state. (B) The Ohio venture capital authority shall submit annually to the governor and to the general assembly (under section 101.68 of the Revised Code) a report containing the following information: (1) The name of each program administrator that is a minority business enterprise or a women's business enterprise with which the authority contracts; (2) The amount of assets managed by program adm... |
Section 150.06 | Status of authority; Construction of program administrator agreement; Executive session.
...(A) The authority is exempt from the requirements of sections 101.82 to 101.87 of the Revised Code. (B) The selection of a program administrator and the entering into an agreement under section 150.05 of the Revised Code do not constitute a purchase of services under Chapter 125. of the Revised Code. (C) Notwithstanding section 121.22 of the Revised Code, the authority may hold an executive session for either of ... |
Section 150.07 | Authorizing tax credits.
...(A) For the purpose stated in section 150.01 of the Revised Code, the authority may authorize a lender to claim one of the refundable tax credits allowed under section 5707.031, 5725.19, 5726.53, 5727.241, 5729.08, 5733.49, or 5747.80 of the Revised Code. The credits shall be authorized by a written contract with the lender. The contract shall specify the terms under which the lender may claim the credit, inclu... |
Section 150.08 | Ohio venture capital fund.
... in the state treasury the Ohio venture capital fund, to which shall be credited all payments received by the authority pursuant to division (B)(5) of section 150.05 of the Revised Code and all interest earned on moneys of the fund. (B) Except as provided in division (C) of this section, money in the Ohio venture capital fund shall be used exclusively to provide security against losses as authorized under this chap... |
Section 150.09 | Immunity.
...The state, the governor, or a member of the authority is not liable in damages to any person in a civil action for any loss incurred as a result of any investment made by a program administrator or fund manager employed by the program administrator. |
Section 150.10 | Annual report - testimony at committee hearings.
...t a written report on the Ohio venture capital program. The report shall include all the following: (1) A description of the details of the investment policy established or modified in accordance with sections 150.03 and 150.04 of the Revised Code; (2) The authority's assessment of the program's achievement of its purpose stated in section 150.01 of the Revised Code; (3) The value of tax credit certificates ... |
Section 154.02 | Issuing obligations.
...proceeds thereof to be applied to those capital facilities designated by or pursuant to act of the general assembly for any of the following: (1) Mental hygiene and retardation, including housing for mental hygiene and retardation patients under Section 16 of Article VIII, Ohio Constitution; (2) State supported and assisted institutions of higher education, including community or technical colleges; (3) Park... |
Section 154.05 | Annual report.
...(A) The issuing authority shall annually make a full and detailed report of its proceedings to the governor and to the general assembly, to include the following: (1) The principal amount of obligations issued and sold during the annual period under authority of Chapter 154. of the Revised Code, the purposes for which they were issued, their dates, the dates and amounts of payment of principal and interest, and the ... |
Section 154.06 | Public facilities commission powers.
...In connection with capital facilities financed pursuant to this chapter and authorization by the general assembly, the commission may: (A) Acquire by appropriation, subject to Chapter 163. of the Revised Code, or by gift, grant, lease, or purchase, or combination thereof, and hold, lease, and dispose of real estate and interests therein and personal property for the purposes of this chapter; (B) Acquire, pur... |
Section 154.07 | Contents of obligations.
...bligations other than those issued for capital facilities for mental hygiene and retardation, or a pledge of any receipts of or on behalf of state supported or state assisted institutions of higher education to bond service charges on obligations other than those issued for capital facilities for state supported or state assisted institutions of higher education, or a pledge of receipts with respect to parks an... |
Section 154.09 | Trust agreements.
...In the discretion of the issuing authority, obligations may be secured additionally by a trust agreement or indenture between the state and a corporate trustee which may be any trust company or bank having the powers of a trust company within or without this state but authorized to exercise trust powers within this state. Any such agreement or indenture may contain the resolution or order authorizing the issuance of ... |
Section 154.10 | Protecting and enforcing rights of holders of obligations.
...se the sale or otherwise dispose of any capital facilities. Each duty of the commission and issuing authority and their members, officers, and employees, and of each governmental agency and its officers, members, or employees, undertaken pursuant to the bond proceedings or any agreement or lease made under authority of Chapter 154. of the Revised Code, and in every agreement by or with the commission or authority, i... |
Section 154.12 | Issuing bond anticipation notes.
...The authority to issue obligations under Chapter 154. of the Revised Code includes authority to issue obligations in the form of bond anticipation notes and to renew the same from time to time by the issuance of new notes, but the maximum maturity of notes, including renewals thereof, unless otherwise authorized by the general assembly, shall not exceed five years from the date of the issuance of the original notes. ... |
Section 154.13 | Lawful investments.
...Obligations issued under this chapter are lawful investments for banks, societies for savings, savings and loan associations, deposit guarantee associations, trust companies, trustees, fiduciaries, insurance companies, including domestic for life and domestic not for life, trustees or other officers having charge of sinking and bond retirement or other special funds of political subdivisions and taxing districts of t... |
Section 154.14 | Exemption from tax.
...All property, real or personal, purchased, acquired, constructed, or owned by the commission under this chapter, or financed in whole or in part by obligations issued under this chapter, and used by the commission or any governmental agency for the exercise of its powers and duties, is public property used exclusively for a public purpose, and such property and the income of the commission or issuing authority or any... |
Section 154.15 | Contents of agreements with other governmental agencies.
...54. of the Revised Code to pay costs of capital facilities on the land referred to in that agreement are outstanding. Such agreement may provide that the plans and specifications for the capital facilities to be constructed on any property to which the permission relates are subject to approval by the governmental agency granting that permission, or by such officer, board, or other body designated by it in or pursua... |
Section 154.16 | Leases, grants and conveyances to commission by governmental agencies.
...Any governmental agency may lease, grant, or convey to the commission, at its request, any real property or interests therein including improvements thereto or personal property of or under the control of such governmental agency which is necessary or convenient to the effectuation of the authorized purposes of the commission, including public roads and other real property or interests therein, including improvements... |
Section 154.17 | Cooperation with commission - contract approval.
...of the commission. In the management of capital facilities or performance of other functions with respect thereto, a governmental agency may exercise all powers which it has under law with respect to other similar facilities under its jurisdiction. Contracts relating to capital facilities shall be made in accordance with the law pertaining to the governmental agency designated under authority of this section ... |
Section 154.18 | Investing funds.
...Unless otherwise provided in any applicable bond proceedings, moneys to the credit of or in the several bond service funds or other special funds established under this chapter may be invested by or on behalf of the issuing authority only in investments referred to in division (R) of section 151.01 of the Revised Code. |