Ohio § 1501.16 Performance bond refunds fund

Ohio Statutes

§ 1501.16 — Performance bond refunds fund

Ohio § 1501.16

Title 15Conservation of Natural Resources

Ch. 1501Department Of Natural Resources - General Provisions

This text of Ohio § 1501.16 (Performance bond refunds fund) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1501.16 (2026).

Text

There is hereby created in the state treasury the performance bond refunds fund. The fund shall consist of money received by the department of natural resources from other entities as performance security. Upon the completion of work or satisfaction of terms for which the performance bond was required, the money shall be refunded to the pledging entity. In the event that the performance bond is forfeited, the money shall be transferred to the appropriate fund within the state treasury.

Last updated September 13, 2023 at 11:36 AM

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There is hereby created in the state treasury the performance bond refunds fund. The fund shall consist of money received by the department of natural resources from other entities as performance security. Upon the completion of work or satisfaction of terms for which the performance bond was required, the money shall be refunded to the pledging entity. In the event that the performance bond is forfeited, the money shall be transferred to the appropriate fund within the state treasury.

Last updated September 13, 2023 at 11:36 AM