Ohio Administrative Code
Title 4981 - Ohio Rail Development Commission
Chapter 4981-1 - General Provisions
Section 4981-1-05 - Security for financial assistance
Current through all regulations passed and filed through March 18, 2024
The ORDC may request any of the following as security for financial assistance:
(A) A pledge of identified tax revenues, fees, or other revenues derived directly or indirectly from the project;
(B) A guarantee from the borrower or another person;
(C) A mortgage or lien position on or security interest in the project or a portion of the project, or any other asset of the borrower;
(D) Other credit enhancement the ORDC determines appropriate.
R.C. 119.032 review dates:
05/13/2014 and
05/12/2019
Promulgated
Under: 111.15
Statutory Authority: 4981.14
Rule
Amplifies: ORC Chapter 4981
Prior Effective Dates: 10/31/96
(Emer.), 1/10/97
