Ohio § 5593.14 Bond proceeds and revenues to be held in trust

Ohio Statutes

§ 5593.14 — Bond proceeds and revenues to be held in trust

Ohio § 5593.14

Title 55Roads-Highways-Bridges

Ch. 5593Bridge Commissions

This text of Ohio § 5593.14 (Bond proceeds and revenues to be held in trust) 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. § 5593.14 (2026).

Text

All moneys received under Chapter 5593. of the Revised Code, whether as proceeds from the sale of bonds or as revenues, are trust funds, to be held and applied solely as provided in such sections. Such funds shall be kept in depositories as selected by the bridge commission of any county or city in the manner provided in sections135.01to135.21of the Revised Code, insofar as such sections are applicable, and the deposits shall be secured as provided in sections135.01to135.21of the Revised Code. The resolution authorizing the issuance of bonds of any issue or the trust agreement securing such bonds shall provide that any officer to whom, or any bank or trust company to which, such moneys are paid shall act as trustee of such moneys and hold and apply them for the purposes hereof, subject to 

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All moneys received under Chapter 5593. of the Revised Code, whether as proceeds from the sale of bonds or as revenues, are trust funds, to be held and applied solely as provided in such sections. Such funds shall be kept in depositories as selected by the bridge commission of any county or city in the manner provided in sections135.01to135.21of the Revised Code, insofar as such sections are applicable, and the deposits shall be secured as provided in sections135.01to135.21of the Revised Code. The resolution authorizing the issuance of bonds of any issue or the trust agreement securing such bonds shall provide that any officer to whom, or any bank or trust company to which, such moneys are paid shall act as trustee of such moneys and hold and apply them for the purposes hereof, subject to such regulations as sections5593.01to5593.24of the Revised Code, and such resolution or trust agreement provide.