Go to Previous Versions of this Section
  1. 2025 Ohio Rev. Code (here)
  2. 2024 Ohio Rev. Code
  3. 2023 Ohio Rev. Code
  4. View All Versions

2025 Ohio Revised Code
Title 1 | State Government
Chapter 122 | Department of Development
Section 122.4021 | Conditions for Grants.

Universal Citation:
OH Rev Code § 122.4021 (2025)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Previous Next

Effective: May 17, 2021

Latest Legislation: House Bill 2 - 134th General Assembly

As a condition for receiving a program grant under the Ohio residential broadband expansion grant program, the broadband expansion program authority may require a broadband provider that is awarded a program grant to provide a performance bond, letter of credit, or other financial assurance acceptable to the authority prior to the commencement of construction. The bond, letter of credit, or assurance shall be in the sum, and with the sureties, that the state prescribes and shall be payable to the state, as applicable.

The bond, letter of credit, or assurance may include the condition that the broadband provider will faithfully execute and complete the project.

The purpose of the performance bond, letter of credit, or other financial assurance is to assure completion of the project. The bond, letter of credit, or assurance shall not be required after the project is complete.

Last updated June 9, 2021 at 12:25 PM

Previous Next
Disclaimer: These codes may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.