Ohio § 1555.15 Coal research and development fund

Ohio Statutes

§ 1555.15 — Coal research and development fund

Ohio § 1555.15

Title 15Conservation of Natural Resources

Ch. 1555Coal Research And Development

This text of Ohio § 1555.15 (Coal research and development 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. § 1555.15 (2026).

Text

There is hereby created in the state treasury  the coal research and development fund. Moneys obtained for coal  research and development projects from federal grants or loans,  private grants, and other sources, and moneys paid into the fund  pursuant to section151.07or1555.08of the Revised Code, shall  be expended for the purpose of making grants and making or  guaranteeing loans for coal research and development projects that  will encourage the use of Ohio coal, to any individual,  association, or corporation doing business in this state, or to  any educational or scientific institution located in this state as  provided for in Section 15 of Article VIII, Ohio Constitution and  section1555.08of the Revised Code, when appropriated for such  purposes by the general assembly. All investme

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There is hereby created in the state treasury the coal research and development fund. Moneys obtained for coal research and development projects from federal grants or loans, private grants, and other sources, and moneys paid into the fund pursuant to section151.07or1555.08of the Revised Code, shall be expended for the purpose of making grants and making or guaranteeing loans for coal research and development projects that will encourage the use of Ohio coal, to any individual, association, or corporation doing business in this state, or to any educational or scientific institution located in this state as provided for in Section 15 of Article VIII, Ohio Constitution and section1555.08of the Revised Code, when appropriated for such purposes by the general assembly. All investment earnings on the cash balance in the fund shall be credited to the fund.

The director of budget and management shall establish and maintain records or accounts for or within the coal research and development fund in such manner as to show the amounts credited to such fund pursuant to section1555.08of the Revised Code and that the amounts so credited have been expended for the purposes set forth in Section 15 of Article VIII, Ohio Constitution, and section151.07of the Revised Code. The director of budget and management may otherwise manage the fund to comply with any requirements established by federal grants or loans, private grants, or moneys from other sources.