Ohio Revised Code Search

...stments of moneys in any fund shall be credited to such funds as the director of development determines subject to the provisions of any bond issuance proceedings or trust agreement, and such investments may be sold at such time as the director shall determine, provided certificates of deposit or other withdrawable accounts may be sold only in accordance with division (B) of section 169.05 or divisions (E) and...

...f a default with respect to any loan or lease, the director of development shall take such action as the director deems proper in the circumstances to enforce and protect the rights of the director, and such action as may be required by the provisions of any proceedings authorizing the revenue bonds or of any trust agreement securing such bonds, which may include any appropriate action at law or in equity, enforcemen...

...e business" means a for-profit business entity, or a nonprofit entity, that had total annual sales in its most recently completed fiscal year of less than ten million dollars and that has a principal place of for-profit business or nonprofit entity activity within the state, the operation of which, alone or in conjunction with other facilities, will create new jobs or preserve existing jobs and employment opportuniti...

...ited into it from the minority business enterprise loan fund pursuant to section 122.80 of the Revised Code and the facilities establishment fund pursuant to section 166.03 of the Revised Code and all money deposited into it pursuant to section 122.602 of the Revised Code. The total amount of money deposited into the fund from the minority business enterprise loan fund or the facilities establishment fund shall not e...

...oject or development related to the on-site construction or purchase of residential housing. (5) It will not be used to finance passive real estate ownership. (6) It conforms to the requirements of divisions (E), (F), (G), (H), and (I) of this section, and to the rules adopted by the director under division (A)(3) of this section. (E) The director shall not approve a deposit amount from the fund for a capita...

...under the program and the interest payable on the moneys in the account. (2) All interest payable on the moneys in the program reserve account shall be added to the moneys and held as an additional loss reserve. The director may require that a portion or all of the accrued interest so held in the account be released to the department. If the director causes a release of accrued interest, the director shall deposit ...

...le, it may submit a claim to the department of development for approval of the release of moneys from its program reserve account. (B) The claim may include the amount of principal plus accrued interest owed. The amount of principal included in the claim may not exceed the principal amount covered by the program. The amount of accrued interest included in the claim may not exceed the accrued interest attributable to...

...riate; (B) A statement of the total amount of the participating financial institution's capital access loans for which the department has made disbursements from the fund under the program; (C) A copy of the participating financial institution's most recent financial statement.

... performance of essential governmental functions; therefore the director of development services shall not be required to pay any taxes upon any property or assets held by the director, or upon any property acquired or used by the director under sections 122.39 and 122.41 to 122.62 of the Revised Code, or upon the income therefrom, provided, such exemption shall not apply to any property held by the director while it...

... securing such bonds or except when deposited with the treasurer of state, or except as they may be invested pursuant to section 122.58 of the Revised Code, shall be kept in depositories as selected by the director of development services in the manner provided in sections 135.01 to 135.21 of the Revised Code, insofar as such sections are applicable, and the deposits shall be secured as provided in sections 135.01 to...

...ties for housing needs, taking into account the availability of and need for conserving land and other natural resources; (3) Be coordinated with other housing and related planning of the state and of regional planning agencies. (C) Carry out the provisions of Chapter 3735. of the Revised Code relating to metropolitan housing authorities; (D) Carry out the provisions of sections 174.01 to 174.07 of the Revised Co...

...122.632 of the Revised Code and the tax credits authorized by section 122.633 of the Revised Code. The department shall create and maintain a list of qualifying residential property to which the deed restriction described in division (D)(4) of this section, division (B)(4) of section 122.632, or division (C)(4) of section 122.633 of the Revised Code applies. That list is not a public record for purposes of section 14...

...the subject of an application for a tax credit under section 122.633 of the Revised Code. (C) The director of development is granted authority and standing to sue for the enforcement of a deed restriction described in division (B)(4) of this section. (D)(1) The director may adopt rules in accordance with Chapter 119. of the Revised Code as necessary to administer the grant program. Such rules may include the fo...

... against the tax levied under section 5726.02 or 5747.02 of the Revised Code, provided the rehabilitation or construction and the sale comply with division (C) of this section. The credit application shall be made on forms prescribed by the director. The credit shall equal ninety thousand dollars or ninety per cent of the cost to rehabilitate or construct the property, whichever is less. (C) An application for a c...

...ect is reasonably expected to create at least seven hundred new permanent jobs. (b) At least seven hundred million dollars in private investments are committed to establish, expand, renovate, or occupy a facility as part of a single project at a designated project site, including investment in new buildings, additions or improvements to existing buildings, machinery, equipment, furniture, fixtures, and inventory. ...

...endents, managers, construction and accounting experts, attorneys, and other agents for the assistance programs authorized pursuant to sections 122.17 and 122.18, sections 122.39 and 122.41 to 122.62, and Chapter 166. of the Revised Code as are necessary; (4) Supervise the administrative operations of the division; (5) On or before the first day of October in each year, make an annual report of the activities and...

...an area under economic distress based solely on environmental or safety issues, including the closure of a dam for safety reasons. (b) Subsequently declare a lake as an area no longer under economic distress when the environmental or safety issues, as applicable, have been resolved. (B) There is hereby created in the state treasury the lakes in economic distress revolving loan fund. The fund shall consist of mone...

... (D) The Director may establish a schedule of fees and charges payable by loan recipients to the Director for the administration of this section.

...ing, or transmitting electricity at the site of a brownfield or former coal mine located in a priority investment area designated under section 122.161 of the Revised Code: (a) Environmental or cultural resource site assessments; (b) The monitoring, remediation, cleanup, or containment of land to remove any condition or substance regulated by state or federal environmental laws or regulations, including hazardous...

...elopment pursuant to this section and rules adopted pursuant to division (A)(2) of this section. (2) The director shall adopt rules, under Chapter 119. of the Revised Code, for the administration of the program. The rules shall include provisions for determining project and project sponsor eligibility, program administration, and any other provisions the director finds necessary. (3) The director shall ensure t...

...a corporation organized under Chapter 1726. of the Revised Code. (H) "Minority contractors business assistance organization" means an entity engaged in the provision of management and technical business assistance to minority business enterprise entrepreneurs. (I) "Minority business supplier development council" means a nonprofit organization established as an affiliate of the national minority supplier development...

...Code. (9) Notwithstanding section 101.26 of the Revised Code, members shall receive their necessary and actual expenses while engaged in the business of the board and shall be paid at the per diem rate of step 1 of pay range 31 of section 124.15 of the Revised Code. (10) Six members of the board constitute a quorum and the affirmative vote of six members is necessary for any action taken by the board. (11) In t...

...e or preserve jobs and employment opportunities, or improve the economic welfare of the people of the state. It is hereby determined that the accomplishment of those purposes is essential so that the people of the state may maintain their present high standards of living in comparison with the people of other states and so that opportunities for employment and for favorable markets for the products of the state's nat...

...e assistance to the controlling board unless such assistance falls under section 122.90 of the Revised Code and has been previously approved by the controlling board, together with any information the controlling board requires for its review and decision as to whether to approve the assistance. (2) The director is not required to submit any determination, data, terms, or any other application materials or informat...

...his state or the United States, and may credit the income or sell the investments at the director's discretion; (F) Acquire any property of any kind or character in accordance with sections 122.71 to 122.83 of the Revised Code, by purchase, purchase at foreclosure, or exchange on terms and in a manner the director considers proper; (G)(1) Maintain, protect, repair, improve, and insure any property the director has ...