Ohio § 5126.51 Residential facility linked deposit program definitions

Ohio Statutes

§ 5126.51 — Residential facility linked deposit program definitions

Ohio § 5126.51

Title 51Public Welfare

Ch. 5126County Boards of Developmental Disabilities

This text of Ohio § 5126.51 (Residential facility linked deposit program definitions) 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. § 5126.51 (2026).

Text

As used in sections5126.51to5126.62of the Revised Code:

(A)"Develop" or "development," in contexts not referring to developmental disabilities, means construction or rehabilitation.

(B)"Eligible lending institution" means a financial institution that meets all of the following requirements:

(1)Is eligible to make commercial loans;

(2)Has an office located within the territorial limits of the county;

(3)Is an institution into which the county's investing authority may deposit the public moneys of the county;

(4)Holds itself out as participating in the residential facility linked deposit program.

(C)"Eligible organization" means a nonprofit corporation that has as its primary activity the development or operation of a residential facility.

(D)"Investing authority" has

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As used in sections5126.51to5126.62of the Revised Code:

(A) "Develop" or "development," in contexts not referring to developmental disabilities, means construction or rehabilitation.

(B) "Eligible lending institution" means a financial institution that meets all of the following requirements:

(1) Is eligible to make commercial loans;

(2) Has an office located within the territorial limits of the county;

(3) Is an institution into which the county's investing authority may deposit the public moneys of the county;

(4) Holds itself out as participating in the residential facility linked deposit program.

(C) "Eligible organization" means a nonprofit corporation that has as its primary activity the development or operation of a residential facility.

(D) "Investing authority" has the same meaning as in section135.31of the Revised Code.

(E) "Residential facility" has the same meaning as in section5123.19of the Revised Code.

(F) "Residential facility linked deposit program" means the linked deposit program provided for in sections5126.51to5126.62of the Revised Code. A "residential facility linked deposit" is a deposit of public moneys of the county under, and for the purposes of, the residential facility linked deposit program. A "residential facility linked deposit loan" is a loan under, and for the purposes of, the residential facility linked deposit program.