Ohio Code § 6101.56
Ohio Code § 6101.56. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 6101.56.
In anticipation of the collection of assessments for any year levied under sections 6101.53 and 6101.55 of the Revised Code , the board of directors of a conservancy district may borrow money and issue notes
therefor; but the aggregate of such loans made in any year shall not exceed one half
of the total amount estimated by the county auditors of the several counties in the
district to be received from the collection of the assessments for such year, after
deduction of all advances from such collection. Such estimate shall state separately the amount to be received from each semiannual
division of such collection. A sufficient amount for the payment of such notes at maturity, together with interest
thereon, shall be deemed appropriated from the proceeds of such anticipated collection
and shall be used for no other purpose. The notes shall be for a term not longer than six months and shall bear interest
at a rate not to exceed the rate provided in section 9.95 of the Revised Code and the proceeds therefrom shall be used only for the purposes for which the assessments
were levied and appropriated. No district shall borrow money or issue notes in anticipation of the proceeds of
the first semiannual division of such collection before the first day of January of
the year of such collection, nor in anticipation of the proceeds of the second division
of such semiannual collection before the first day of July of the year of such collection.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 6101.56
- 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
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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 § 6101.56 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 § 6101.56 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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