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OH SB180

Bill

Status

Introduced

8/5/2019

Primary Sponsor

Timothy Schaffer

Click for details

Origin

Senate

133rd General Assembly (2019-2020)

AI Summary

  • Authorizes townships to issue industrial development bonds, expanding authority previously limited to counties and municipal corporations.

  • Allows counties, townships, and municipal corporations to issue industrial development bonds directly without designating a community improvement corporation as their agency for industrial, commercial, distribution, and research development.

  • Modifies the definition of "issuer" in Section 165.01 to include townships as entities that can issue bonds for industrial development projects.

  • Amends Section 165.03 to clarify that bond issuance procedures apply to townships and removes requirements for agency designation and plan certification in certain circumstances.

  • Repeals and replaces existing sections 165.01, 165.03, and 715.82 of the Revised Code to implement these changes.

Legislative Description

Authorize issuing industrial development bonds

Finance and Appropriations

Last Action

Refer to Committee: Finance

9/11/2019

Committee Referrals

Finance9/11/2019

Full Bill Text

No bill text available