2017 Ohio Revised Code
Title [55] LV ROADS - HIGHWAYS - BRIDGES
Chapter 5537 - OHIO TURNPIKE AND INFRASTRUCTURE COMMISSION
Section 5537.14 - Holding and application of moneys.
All moneys received by the Ohio turnpike and infrastructure commission under this chapter, whether as proceeds from the sale of bonds or as revenues, are to be held and applied solely as provided in this chapter and in any applicable bond proceedings. Such moneys shall be kept in depositories as selected by the commission in the manner provided in sections 135.01 to 135.21 of the Revised Code, insofar as such sections are applicable, and the deposits shall be secured as provided in sections 135.01 to 135.21 of the Revised Code. The bond proceedings shall provide that any officer to whom, or any bank or trust company to which, revenues or pledged revenues are paid shall act as trustee of such moneys and hold and apply them for the purposes thereof, subject to applicable provisions of this chapter and the bond proceedings.
Amended by 130th General Assembly File No. 7, HB 51, §101.01, eff. 7/1/2013.
Effective Date: 04-12-1991 .
