Ohio Administrative Code
Title 5501:6 - Division of State Infrastructure Bank
Chapter 5501:6-1 - Financing of Qualified Projects
Section 5501:6-1-04 - Security for financial assistance

Universal Citation: OH Admin Code 5501:6-1-04

Current through all regulations passed and filed through September 16, 2024

The director 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 director determines appropriate.

Five Year Review (FYR) Dates: 8/24/2017 and 08/24/2022
Promulgated Under: 111.15
Statutory Authority: 5531.09
Rule Amplifies: 5531.09, 5531.10
Prior Effective Dates: 09/10/1996 (Emer.), 11/22/1996

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