Transcription of AN ACT - legiscan.com
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AN ACT - legiscan.com
(132nd General Assembly)(House Bill Number 529)AN ACTTo amend section of the revised Code to makecapital appropriations and changes to the law governingcapital projects and to make reappropriations for thebiennium ending June 30, it enacted by the General Assembly of the State of That section of the revised Code be amendedto read as follows:Sec. (A) The director of the Ohio public works commissionshall do all of the following:(1) Approve requests for financial assistance from district public worksintegrating committees and enter into agreements with one or more localsubdivisions to provide loans, grants, and local debt support and creditenhancements for a capital improvement project if the director determinesthat:(a) The project is an eligible project pursuant to this chapter;(b) The fi
Revised Code shall be awarded to subdivisions in the form of interest-free, low-interest, market rate of interest, or blended-rate loans, or local debt support and credit enhancements:
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