Ohio Code § 5595.06

§ 5595.06.

(A) The governing board of a regional transportation improvement project, pursuant to

the cooperative agreement, may request and receive pledges of revenue from the state,

the counties that are parties to the agreement, and any political subdivision or taxing

unit located within any of those counties.  Except as provided in division (B) of this section, the pledged revenues shall be

used for the purpose of funding the transportation improvements prescribed by the

cooperative agreement and, if applicable, the opportunity corridor improvements prescribed

by the memorandum of understanding, the debt charges on any securities issued by the

governing board under section 5595.05 of the Revised Code , and the expenses of the governing board.  The state, the counties, and any political subdivision or taxing unit located within

such a county may pledge revenue to the governing board from any of the following

sources: (1) The general revenue fund of the state; (2) License tax revenue derived from an annual motor vehicle license tax imposed pursuant

to section 4504.22 of the Revised Code ; (3) Payments in lieu of taxes derived under section 5709.42 , 5709.45 , 5709.48 , 5709.74 , or 5709.79 of the Revised Code if the real property for which such payments are made will benefit from the proposed

transportation improvements or opportunity corridor improvements; (4) Income tax revenue derived from a joint economic development district or joint economic

development zone established pursuant to section 715.69, as that section existed before

its repeal by H.B. 289 of the 130th General Assembly, 715.691 , 715.70 , 715.71 , or 715.72 of the Revised Code if the district or zone will benefit from the proposed transportation improvements

or opportunity corridor improvements; (5) Revenue derived from special assessments levied in a special improvement district

created under Chapter 1710. of the Revised Code if the district will benefit from

the proposed transportation improvements or opportunity corridor improvements; (6) Revenue from an income source of a new community district established pursuant to section 349.03 of the Revised Code if the district will benefit from the proposed transportation improvements or opportunity

corridor improvements; (7) Income tax revenue derived from a tax levied by a municipal corporation in accordance

with Chapter 718. of the Revised Code if the municipal corporation will benefit from

the proposed transportation improvements or opportunity corridor improvements and

revenue from the tax may lawfully be applied to those purposes under the ordinance

or resolution levying the tax; (8) Sales and use tax revenue derived from a tax levied under section 5739.021 , 5739.023 , 5739.026 , 5741.021 , 5741.022 , or 5741.023 of the Revised Code if the county or transit authority will benefit from the proposed transportation

improvements or opportunity corridor improvements and revenue from the tax may lawfully

be applied to those purposes under the resolution levying the tax. (B) The governing board shall use license tax revenue pledged to the project under division

(A)(2) of this section for the purpose of funding transportation improvements described

in the cooperative agreement, opportunity corridor improvements described by the memorandum

of understanding, and any other supplemental transportation improvements necessary

to complete the project.  If the board intends to use any of the license tax revenue for supplemental improvements

not described in the agreement, the board, before submitting a request for license

tax revenue to a board of county commissioners under section 4504.22 of the Revised Code , shall adopt a resolution allocating the revenue among the transportation improvements

described in the agreement, the opportunity corridor improvements described in the

memorandum of understanding, and such supplemental improvements not described in the

agreement or memorandum.  The amount used for supplemental improvements may not exceed five dollars for each

motor vehicle on which the motor vehicle license tax is collected.  If the motor vehicle license tax is approved, the governing board shall allocate

the revenue only in accordance with the resolution.  The allocation may not be changed unless a proposition to change the allocation

is approved by the majority of electors voting on the proposition in each county that

is a party to the cooperative agreement.  Such a proposition may be proposed by resolution of the governing board certified

to the board of county commissioners of each county, and, upon receiving such a certified

resolution, each board of county commissioners shall certify identical resolutions

to the respective county board of elections for placement on the questions and issues

ballot at the next succeeding election occurring at least ninety days after the resolution

is certified to the board of elections. (C) Pledges of revenue under division (A) of this section may take any form and may be

made subject to any terms that are mutually agreeable between the revenue contributor

and the governing board.  Pledges may be effectuated through periodic or one-time fixed payments, in variable

installments based on estimated increases in tax revenue attributable to the activities

of the regional transportation improvement project, or through any other means negotiated

by the revenue contributor and the government board. As used in this division, “ revenue contributor ” means the state, the counties that are parties to the cooperative agreement, or

any political subdivision or taxing unit located within any of those participating

counties, that pledges revenue to a regional transportation improvement project under

division (A) of this section.