Skip to main content
Back To Top Top Back To Top
Home Button Home Button Home Button
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 4909.041

Ohio Revised Code
/
Title 49 Public Utilities
/
Chapter 4909 Public Utilities Commission - Fixation Of Rates
 
Section 4909.041 is not yet in effect. It takes effect August 14, 2025.
Effective:
August 14, 2025
Latest Legislation:
House Bill 15 - 136th General Assembly
PDF:
Download Authenticated PDF
 

As used in sections 4909.041, 4909.042, and 4909.05 of the Revised Code:

(A) A "lease purchase agreement" is an agreement pursuant to which a public utility leasing property is required to make rental payments for the term of the agreement and either the utility is granted the right to purchase the property upon the completion of the term of the agreement and upon the payment of an additional fixed sum of money or title to the property vests in the utility upon the making of the final rental payment.

(B) A "leaseback" is the sale or transfer of property by a public utility to another person contemporaneously followed by the leasing of the property to the public utility on a long-term basis.

Last updated May 22, 2025 at 12:32 PM

Available Versions of this Section