Ohio § 5531.101 Motor fuel excise tax revenue - state infrastructure bank loans

Ohio Statutes

§ 5531.101 — Motor fuel excise tax revenue - state infrastructure bank loans

Ohio § 5531.101

Title 55Roads-Highways-Bridges

Ch. 5531Federal Cooperation

This text of Ohio § 5531.101 (Motor fuel excise tax revenue - state infrastructure bank loans) 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. § 5531.101 (2026).

Text

(A)Municipal corporations, counties, and townships may not use revenue described under division (A)(3) of section5735.05of the Revised Code to repay loans made by the state infrastructure bank under section5531.09of the Revised Code if both of the following apply:

(1)The loans were made for highway, road, or street projects begun prior to March 31, 2003.

(2)The revenue:

(a)Results from the increase in the tax imposed under former section5735.29of the Revised Code pursuant to the amendment of the section by Am. Sub. H.B. 87 of the 125th General Assembly; and

(b)Is distributed under section5735.27of the Revised Code.

(B)While the loans described in division (A)(1) of this section are outstanding, the tax commissioner shall notify municipal corporations, counties, and townships rec

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(A) Municipal corporations, counties, and townships may not use revenue described under division (A)(3) of section5735.05of the Revised Code to repay loans made by the state infrastructure bank under section5531.09of the Revised Code if both of the following apply:

(1) The loans were made for highway, road, or street projects begun prior to March 31, 2003.

(2) The revenue:

(a) Results from the increase in the tax imposed under former section5735.29of the Revised Code pursuant to the amendment of the section by Am. Sub. H.B. 87 of the 125th General Assembly; and

(b) Is distributed under section5735.27of the Revised Code.

(B) While the loans described in division (A)(1) of this section are outstanding, the tax commissioner shall notify municipal corporations, counties, and townships receiving the revenue described in division (A)(2) of this section of the amount that cannot be used for the loan repayments.

Last updated January 13, 2025 at 4:27 PM