2006 Ohio Revised Code - 5528.35. Funds payable during calendar year.
§ 5528.35. Funds payable during calendar year.
When the moneys to the credit of the highway obligations bond retirement fund created by
section 5528.32 of the Revised Code are sufficient, taking into consideration restrictions provided for in the second paragraph of
section 5528.31 of the Revised Code on the use thereof to the payment only of the principal of specified issues of notes or of bonds, to meet in full all payments of interest, principal, and charges for the retirement of highway obligations issued pursuant to
Section 2i of
Article VIII, Ohio Constitution, and
sections 5528.30 and
5528.31 of the Revised Code, due and payable during the current calendar year, except the principal of notes which the commissioners of the sinking fund certify will be retired by the issuance of bonds or renewal notes, the commissioners of the sinking fund shall certify such fact to the treasurer of state.
HISTORY: 133 v S 150. Eff 11-5-69.
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