Ohio Administrative Code
Title 127 - Minority Development Financing Advisory Board
Chapter 127-1 - General Provisions
Section 127-1-04 - Application to the minority business bonding program
Current through all regulations passed and filed through March 18, 2024
(A) In order to apply for assistance under the minority business bonding program, a business shall submit the following:
(B) The maximum amount of any bond issued by the director under the minority business bonding program shall be one million dollars.
(C) Any business that shall have defaulted on a bond issued by the director under the minority business bonding program shall not be eligible for any other bond under the minority business bonding program.
(D) In the event of a default on a bond, the board shall recommend that the director take any action the director considers appropriate under the circumstances to enforce and protect the rights of the state of Ohio.
Effective:
4/7/2014
R.C.
119.032 review dates:
12/06/2013 and
04/07/2019
Promulgated
Under:
119.03
Statutory Authority:
122.74(B)(10)
Rule Amplifies:
122.89
Prior Effective Dates:
1/11/2010