Ohio § 761.06 Use of bond proceeds

Ohio Statutes

§ 761.06 — Use of bond proceeds

Ohio § 761.06

Title 7Municipal Corporations

Ch. 761Industrial And Economic Development

This text of Ohio § 761.06 (Use of bond proceeds) 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. § 761.06 (2026).

Text

The proceeds of each issue of revenue bonds issued pursuant to sections761.01to761.14, inclusive, of the Revised Code, shall be used for the purchase or construction of a project and the necessary expense of preparing, printing, and selling said bonds, legal services, and transfer expense, or to advance the payment of interest on such bonds during the first three years following the date of the bonds, but subject to such conditions, limitations, and convenants with the purchasers and holders of the bonds as shall be provided in the ordinance authorizing the bonds and in the trust agreement securing the same.

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The proceeds of each issue of revenue bonds issued pursuant to sections761.01to761.14, inclusive, of the Revised Code, shall be used for the purchase or construction of a project and the necessary expense of preparing, printing, and selling said bonds, legal services, and transfer expense, or to advance the payment of interest on such bonds during the first three years following the date of the bonds, but subject to such conditions, limitations, and convenants with the purchasers and holders of the bonds as shall be provided in the ordinance authorizing the bonds and in the trust agreement securing the same.