Ohio Code § 1724.12
Ohio Code § 1724.12. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1724.12.
The board of directors of a community improvement corporation in which all or a part
of a downtown redevelopment district is located may accept contributions from the
municipal corporation that created the district pursuant to division (E)(2) of section 5709.45 of the Revised Code . The board shall use all such contributions to promote the downtown redevelopment
district to potential business patrons, to recruit businesses to relocate or expand
to the downtown redevelopment district, and to attract and promote events and activities
that generate revenue or enhance public welfare within the downtown redevelopment
district. The board shall periodically report to the legislative authority of the municipal
corporation on the expenditure of the contributions and plans for the utilization
of future contributions. If any contributions received by a community improvement corporation under this
section remain after the dissolution or expiration of the downtown redevelopment district,
the board shall pay the remaining amount to the contributing municipal corporation,
which shall credit the money to its general fund.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1724.12
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1724.12?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1724.12 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1724.12 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
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