Ohio Code § 5540.12
Ohio Code § 5540.12. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5540.12.
All moneys received by the board of trustees of a transportation improvement district
under this chapter, whether as proceeds from the sale of bonds, as revenues, or otherwise
are to be held and applied solely as provided in this chapter and in any applicable
bond proceedings. Such moneys shall be kept in depositories as selected by the board in the manner
provided in sections 135.01 to 135.21 of the Revised Code , insofar as such sections are applicable, and the deposits shall be secured as provided
in sections 135.01 to 135.21 of the Revised Code . The bond proceedings shall provide that any officer to whom, or any bank or trust
company to which, revenues or pledged revenues are paid shall act as trustee of such
moneys and hold and apply them for the purposes thereof, subject to applicable provisions
of this chapter and the bond proceedings.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5540.12
- 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 § 5540.12?
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 § 5540.12 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 § 5540.12 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Statutes are amended, repealed, and renumbered every session.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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