Ohio Administrative Code
Title 122:6 - Housing Trust Fund
Chapter 122:6-1 - Ohio Low- and Moderate-Income Housing Trust Fund
Section 122:6-1-06 - Fund repayment requirements
Current through all regulations passed and filed through September 16, 2024
(A) Any use of housing trust fund monies by the eligible applicant in a manner which violates any terms or conditions of a grant or loan shall result in the administering body taking appropriate corrective action, including, but not limited to, immediate repayment and civil or criminal legal action.
(B) When repayment of a grant, loan, loan guarantee or loan subsidy funded with housing trust fund monies is directed by the administering body, a repayment plan may be negotiated with the administering body. All monies received by the administering body shall immediately be returned to the housing trust fund.
(C) When repayment of a grant, loan, loan guarantee or loan subsidy funded with housing trust fund monies is a condition of receipt of housing trust fund monies, all repayments received by the administering body shall immediately be returned to the housing trust fund.
Effective:
08/16/2009
R.C. 119.032 review dates: 05/18/2009 and 08/16/2014
Promulgated Under: 119.03
Statutory Authority:
174.03(D)
Rule Amplifies: 174.01 - 174.07
Prior Effective
Dates: 4/16/92 (Emer), 6/26/92, 12/16/04
