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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 122.981

Ohio Revised Code
/
Title 1 State Government
/
Chapter 122 Department of Development
 
Section 122.981 is not yet in effect. It takes effect September 30, 2025.
Effective:
September 30, 2025
Latest Legislation:
House Bill 96 - 136th General Assembly
PDF:
Download Authenticated PDF
 

There is hereby created in the state treasury the residential development revolving loan fund. The fund shall consist of appropriations by the general assembly, money received as repayment for loans under section 122.98 of the Revised Code, fees collected in accordance with that section, and any other money transferred to the fund. All investment earnings of the fund shall be credited to the fund. The department of development shall use money in the fund exclusively to make low-interest loans under section 122.98 of the Revised Code and to offset the expenditures incurred by the department in administering that section. The aggregate amount of money used to offset the department's expenditures in any fiscal year shall not exceed five hundred thousand dollars.

Last updated July 22, 2025 at 4:16 PM

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