Ohio § 5528.13 Investing excess moneys of highway improvement bond retirement fund

Ohio Statutes

§ 5528.13 — Investing excess moneys of highway improvement bond retirement fund

Ohio § 5528.13

Title 55Roads-Highways-Bridges

Ch. 5528State Highway Bonds

This text of Ohio § 5528.13 (Investing excess moneys of highway improvement bond retirement 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. § 5528.13 (2026).

Text

The commissioners of the sinking fund may invest any moneys to the credit of the highway improvement bond retirement fund created by section5528.12of the Revised Code, in excess of the total amount of moneys necessary to meet in full all payments of interest, principal, and charges on outstanding bonds and other obligations issued pursuant to Section 2g of Article VIII, Ohio Constitution, and sections5528.10and5528.11of the Revised Code, due and payable during the current calendar year, in bonds, notes, certificates of indebtedness, treasury bills, or other securities, issued by and constituting direct obligations of the United States of America, or discount notes of the federal national mortgage associations; provided, that only such obligations as will mature or are redeemable at the opt

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The commissioners of the sinking fund may invest any moneys to the credit of the highway improvement bond retirement fund created by section5528.12of the Revised Code, in excess of the total amount of moneys necessary to meet in full all payments of interest, principal, and charges on outstanding bonds and other obligations issued pursuant to Section 2g of Article VIII, Ohio Constitution, and sections5528.10and5528.11of the Revised Code, due and payable during the current calendar year, in bonds, notes, certificates of indebtedness, treasury bills, or other securities, issued by and constituting direct obligations of the United States of America, or discount notes of the federal national mortgage associations; provided, that only such obligations as will mature or are redeemable at the option of the holder within two years from the date of purchase shall be eligible securities for such investments. All investment earnings of the fund shall be credited to the fund.