2006 Ohio Revised Code - 133.11. County general obligation securities.

§ 133.11. County general obligation securities.
 

If the taxing authority of a county determines that the funds allocated for current expenses of the county are insufficient to pay those current expenses for the current fiscal year and the cost of the county auditor's assessment of real estate required by section 5713.01 of the Revised Code, the taxing authority may issue general obligation securities of the county in an amount necessary to pay the total estimated cost of that assessment. The proceeds of the principal of those securities shall be appropriated only for the cost of the assessment and financing costs. The last maturity of those securities shall not be later than seventy-two months from the date of initial issuance of securities for the purpose. 
 

HISTORY: 143 v H 230. Eff 10-30-89.
 

Not analogous to former RC § 133.11 (GC § 2293-21; 112 v 364; 114 v 843; 118 v 20; Bureau of Code Revision, 10-1-53; 125 v 717; 129 v 1267), repealed 143 v H 230, § 2, eff 10-30-89.