Ohio § 5537.09 Refunding bonds

Ohio Statutes

§ 5537.09 — Refunding bonds

Ohio § 5537.09

Title 55Roads-Highways-Bridges

Ch. 5537Ohio Turnpike And Infrastructure Commission

This text of Ohio § 5537.09 (Refunding bonds) 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. § 5537.09 (2026).

Text

The Ohio turnpike and infrastructure  commission may provide by resolution for the issuance of revenue  bonds of the state, payable solely from pledged revenues, for the  purpose of refunding any bonds then outstanding, including the  payment of related financing expenses and, if considered advisable  by the commission, for the additional purpose of paying costs of  improvements, extensions, renovations, or enlargements of any  turnpike project or any infrastructure project. The issuance of  refunding bonds, the maturities and other details thereof, the  rights of the holders thereof, and the rights, duties, and  obligations of the commission in respect to such bonds shall be  governed by the provisions of this chapter insofar as they are  applicable and by the applicable bond proceedings.

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The Ohio turnpike and infrastructure commission may provide by resolution for the issuance of revenue bonds of the state, payable solely from pledged revenues, for the purpose of refunding any bonds then outstanding, including the payment of related financing expenses and, if considered advisable by the commission, for the additional purpose of paying costs of improvements, extensions, renovations, or enlargements of any turnpike project or any infrastructure project. The issuance of refunding bonds, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties, and obligations of the commission in respect to such bonds shall be governed by the provisions of this chapter insofar as they are applicable and by the applicable bond proceedings.