Ohio § 3345.66 Issuance of notes

Ohio Statutes

§ 3345.66 — Issuance of notes

Ohio § 3345.66

Title 33Education-Libraries

Ch. 3345State Universities - General Powers

This text of Ohio § 3345.66 (Issuance of notes) 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. § 3345.66 (2026).

Text

The board of trustees of a state institution of higher education may issue notes of the institution signed by the chairperson and treasurer or other chief fiscal officer of the board and specifying the terms of the purchase and  securing the payments provided in section3345.64of the Revised  Code, payable at the times provided and bearing interest at a rate  not exceeding a rate determined under section9.95of the Revised Code. The notes may contain an option for prepayment and are not subject to Chapter 133. of the Revised Code. Revenues derived from  any source, other than money appropriated by the general assembly,  that may be used for the purpose of implementing energy or water  saving measures or for defraying the current operating  expenses  of the institution may be pledged to the p

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The board of trustees of a state institution of higher education may issue notes of the institution signed by the chairperson and treasurer or other chief fiscal officer of the board and specifying the terms of the purchase and securing the payments provided in section3345.64of the Revised Code, payable at the times provided and bearing interest at a rate not exceeding a rate determined under section9.95of the Revised Code. The notes may contain an option for prepayment and are not subject to Chapter 133. of the Revised Code. Revenues derived from any source, other than money appropriated by the general assembly, that may be used for the purpose of implementing energy or water saving measures or for defraying the current operating expenses of the institution may be pledged to the payment of interest and the retirement of such notes. The notes may be sold at private sale or given to the contractor under the installment payment contract authorized by section3345.64of the Revised Code.