§ 725.01 Urban renewal debt retirement fund definitions
§ 725.02 Value of improvements exempt from real property taxation
§ 725.021 Notice to board of education prior to grant of exemption
§ 725.03 Urban renewal debt retirement fund
§ 725.04 Semiannual urban renewal service payments in lieu of taxes
§ 725.05 Issuing urban renewal bonds
§ 725.06 Form and selling of bonds
§ 725.07 Bond revenue used for urban renewal project or projects
§ 725.08 Proceeds used for urban renewal project or projects
§ 725.09 Bonds not a debt of state
§ 725.10 Bonds are lawful investments
§ 725.11 Urban renewal bonds secured by trust agreement
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Terms Used In Ohio Code > Chapter 725 - Urban Renewal Debt Retirement Fund

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Bond: includes an undertaking. See Ohio Code 1.02
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Personal property: All property that is not real property.
  • Population: means that shown by the most recent regular federal census. See Ohio Code 1.59
  • Property: means real and personal property. See Ohio Code 1.59
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • state: means the state of Ohio. See Ohio Code 1.59
  • Trustee: A person or institution holding and administering property in trust.