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OH SB15

Bill

Official Source

Status

Introduced

1/22/2025

Primary Sponsor

Andrew Brenner

Click for details

Origin

Senate

136th General Assembly

AI Summary

  • Authorizes Ohio port authorities to establish and maintain Common Bond Fund Programs through board resolutions to finance port authority facilities
  • Allows port authorities to enhance credit on bond obligations using credit enhancement facilities, cash reserves, or other available funds
  • Permits multiple obligations (bonds, notes, or other debt instruments) to be secured under a single trust agreement within the program
  • Enables port authorities to exercise these powers jointly or separately with other port authorities
  • Adds new section 4582.72 to the Ohio Revised Code, supplementing existing port authority powers without limiting current authorizations

Legislative Description

Allow port authorities to establish a Common Bond Fund Program

Transportation

Last Action

Referred to committee: Finance

1/29/2025

Committee Referrals

Finance1/29/2025

Full Bill Text

No bill text available