Ohio § 1545.211
Full text of Ohio Ohio Revised Code § 1545.211, with citation guidance and answers to common questions.
§ 1545.211.
In addition to the authority conferred by section 1545.21 of the Revised Code , in anticipation of the collection of current revenues in and for any fiscal year,
the board of park commissioners may borrow money and issue notes therefor in anticipation
of the receipt of taxes for debt charges or current expenses to the extent necessary
to meet such charges or expenses, but not in excess of the estimated receipts for
the current tax year, less all advances. The sums so anticipated shall be deemed appropriated for the payment of such notes
at maturity. The notes shall not run more than one year, nor bear interest at a rate exceeding
the rate provided in section 9.95 of the Revised Code , and the proceeds therefrom shall be used only for the purposes for which the anticipated
taxes were levied. No board shall borrow money or issue notes in anticipation of such taxes before
the first day of January of the year of such tax receipts.
Frequently Asked Questions About Ohio § 1545.211
What does Ohio Revised Code § 1545.211 cover?
Section 1545.211 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1545.211?
A common citation format is "Ohio Revised Code § 1545.211" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1545.211 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.