Ohio Code § 3706.12
Ohio Code § 3706.12. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3706.12.
The Ohio air quality development authority may charge, alter, and collect rentals
or other charges for the use or services of any air quality project and contract in
the manner provided by this section with one or more persons, one or more governmental
agencies, or any combination thereof, desiring the use or services of such project,
and fix the terms, conditions, rentals, or other charges for such use or services. Such rentals or other charges shall not be subject to supervision or regulation
by any other authority, commission, board, bureau, or agency of the state and such
contract may provide for acquisition by such person or governmental agency of all
or any part of such air quality project for such consideration payable over the period
of the contract or otherwise as the authority in its sole discretion determines to
be appropriate, but subject to the provisions of any resolution authorizing the issuance
of air quality revenue bonds or notes or air quality revenue refunding bonds of the
authority or any trust agreement securing the same. Any governmental agency that has power to construct, operate, and maintain air quality
facilities may enter into a contract or lease with the authority whereby the use or
services of any air quality project of the authority will be made available to such
governmental agency and may pay for such use or services such rentals or other charges
as may be agreed to by the authority and such governmental agency. Any governmental agency or combination of governmental agencies may cooperate with
the authority in the acquisition or construction of an air quality project and shall
enter into such agreements with the authority as may be necessary, with a view to
effective cooperative action and safeguarding of the respective interests of the parties
thereto, which agreements shall provide for such contributions by the parties thereto
in such proportion as may be agreed upon and such other terms as may be mutually satisfactory
to the parties including without limitation the authorization of the construction
of the project by one of the parties acting as agent for all of the parties and the
ownership and control of the project by the authority to the extent necessary or appropriate
for purposes of the issuance of air quality revenue bonds by the authority. Any governmental agency may provide the funds for the payment of such contribution
as is required under such agreements by the levy of taxes, assessments or rentals
and other charges for the use of the utility system of which the air quality project
is a part or to which it is connected, if otherwise authorized by the laws governing
such governmental agency in the construction of the type of air quality project provided
for in the agreements, and may pay the proceeds from the collection of such taxes,
assessments, utility rentals, or other charges to the authority pursuant to such agreements;
or the governmental agency may issue bonds or notes, if authorized by such laws,
in anticipation of the collection of such taxes, assessments, utility rentals, or
other charges and may pay the proceeds of such bonds or notes to the authority pursuant
to such agreements. In addition any governmental agency may provide the funds for the payment of such
contribution by the appropriation of money or, if otherwise authorized by law, by
the issuance of bonds or notes and may pay such appropriated money or the proceeds
of such bonds or notes to the authority pursuant to such agreements. The agreement by the governmental agency to provide such contribution, whether from
appropriated money or from the proceeds of such taxes, assessments, utility rentals,
or other charges, or such bonds or notes, or any combination thereof, shall not be
subject to Chapter 133. of the Revised Code or any regulations or limitations contained
therein. The proceeds from the collection of such taxes or assessments, and any interest
earned thereon, shall be paid into a special fund immediately upon the collection
thereof by the governmental agency for the purpose of providing such contribution
at the times required under such agreements. When the contribution of any governmental agency is to be made over a period of time
from the proceeds of the collection of special assessments, the interest accrued and
to accrue before the first installment of such assessments shall be collected which
is payable by such governmental agency on such contribution under the terms and provisions
of such agreements shall be treated as part of the cost of the improvement for which
such assessments are levied, and that portion of such assessments as are collected
in installments shall bear interest at the same rate as such governmental agency is
obligated to pay on such contribution under the terms and provisions of such agreements
and for the same period of time as the contribution is to be made under such agreements. If the assessment or any installment thereof is not paid when due, it shall bear
interest until the payment thereof at the same rate as such contribution and the county
auditor shall annually place on the tax list and duplicate the interest applicable
to such assessment and the penalty and additional interest thereon as otherwise authorized
by law. Any governmental agency, pursuant to a favorable vote of the electors in an election
held before or after June 1, 1970, for the purpose of issuing bonds to provide funds
to acquire, construct, or equip, or provide real estate and interests in real estate
for, an air quality facility, whether or not such governmental agency, at the time
of such election, had the authority to pay the proceeds from such bonds or notes issued
in anticipation thereof to the authority as provided in this section, may issue such
bonds or notes in anticipation of the issuance thereof and pay the proceeds thereof
to the authority in accordance with its agreement with the authority; provided, that
the legislative authority of the governmental agency find and determine that the air
quality project to be acquired or constructed by the authority in cooperation with
such governmental agency will serve the same public purpose and meet substantially
the same public need as the facility otherwise proposed to be acquired or constructed
by the governmental agency with the proceeds of such bonds or notes. The authority may enter into an agreement under this section with a municipal corporation,
a township, or a special improvement district created under Chapter 1710. of the Revised
Code pursuant to which the authority issues air quality revenue bonds or notes under section 3706.05 of the Revised Code and remits the proceeds to the municipal corporation, township, district, or other
party to the transaction to pay any part of the cost of an air quality facility described
in division (G)(12) of section 3706.01 of the Revised Code . Under the agreement, the municipal corporation, township, or district shall assign
and remit the proceeds of a special assessment levied under Chapter 727. or section 1710.06 of the Revised Code for paying the costs of that air quality facility to the authority, or its agents
or assignees, for the purpose of servicing those bonds and notes.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3706.12
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Common questions
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