Ohio Code § 1728.08
Ohio Code § 1728.08. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1728.08.
(A) The financial agreement provided for in section 1728.07 of the Revised Code may provide that the municipal corporation will consent to a sale of the project
by the community urban redevelopment corporation to another such corporation and that,
upon assumption by the transferee corporation of the transferor's obligations under
the financial agreement the tax exemption of the improvement as provided by section 1728.10 of the Revised Code shall continue and inure to the transferee corporation. (B) The financial agreement shall provide that the corporation meet the requirements
of section 153.54 of the Revised Code for the completion of the project and for the disposition of the project property
including the buildings in the event of a default in construction or abandonment of
the work. The municipal corporation shall within the limits of its legal powers complete or
cause the completion of a project undertaken pursuant to this chapter in the event
of the termination of the financial agreement by reason of default by the corporation
under the terms of the financial agreement. (C) The financial agreement may further provide that the municipal corporation for its
part will undertake and carry out any work, which a municipal corporation may legally
undertake, in order to assist in the completion of the project.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1728.08
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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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 § 1728.08?
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 § 1728.08 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 § 1728.08 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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