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Section 5595.13 | Dissolution.

Ohio Revised Code
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Title 55 Roads-Highways-Bridges
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Chapter 5595 Regional Transportation Improvement Projects
 
You are viewing a past version of this section that is no longer in effect View Current Version
Effective:
March 20, 2015
Legislation:
House Bill 494 - 130th General Assembly
PDF:
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Upon completion of the transportation improvements listed in the cooperative agreement, fulfillment of all contractual duties assumed by the governing board, and repayment of all bonds issued by the governing board, the regional transportation improvement project and the governing board shall dissolve by operation of law. Upon dissolution of the regional transportation improvement project, the boards of county commissioners that created the regional transportation improvement project shall assume title to all real and personal property acquired by the board in the fulfillment of its duties under this chapter. The property shall be divided and distributed in accordance with the cooperative agreement. Unless otherwise provided by contract, pledges of revenue to the governing board from the state or a political subdivision or taxing unit shall terminate by operation of law upon the dissolution of the regional transportation improvement project.

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