2006 Ohio Revised Code - 5528.40. Retirement of obligations to be certified.
§ 5528.40. Retirement of obligations to be certified.
Upon the payment in full of all interest, principal, and charges for the retirement of all highway obligations issued pursuant to
Section 2i of
Article VIII, Ohio Constitution, and
sections 5528.30 and
5528.31 of the Revised Code, the commissioners of the sinking fund shall make a certification of such fact to the clerk of the senate, the clerk of the house of representatives, and the treasurer of state.
Upon receipt of such certification the treasurer of state shall transfer all moneys then remaining to the credit of the highway obligations bond retirement fund, created by
section 5528.32 of the Revised Code, to the highway operating fund.
HISTORY: 133 v S 150 (Eff 11-5-69); 137 v S 221. Eff 11-23-77.
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