The direct loan program fund is hereby created within the state treasury, to consist
of money appropriated for the purpose of making loans authorized under sections 122.43 and 122.45 of the Revised Code, money from the proceeds of the sale of any issue of its revenue bonds to the extent
and subject to the conditions provided in the proceedings authorizing such bonds or
in the trust agreement securing such bonds, all grants, gifts, and contributions made
to the director of development for such purpose, and all other moneys designated by
him for the purpose of making loans or required to be used for such purpose by the
provisions of any proceedings authorizing an issue of revenue bonds or trust agreement
securing such bonds. All moneys received from repayments of loans authorized pursuant to sections 122.43 and 122.45 of the Revised Code or received in the event of a default on any such loans shall be deposited in the
general revenue fund.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.