Ohio § 1551.12
Full text of Ohio Ohio Revised Code § 1551.12, with citation guidance and answers to common questions.
§ 1551.12.
The director of development may: (A) Seek, solicit, or acquire personal property or any estate, interest, or right in
real property, or services, funds, and other things of value of any kind or character
by purchase, lease, gift, grant, contribution, exchange, or otherwise from any person
or governmental agency to be held, used, and applied in accordance with and for the
purposes of sections 1551.01 to 1551.25 of the Revised Code ; (B) Contract for the operation of, and establish rules for the use of, facilities over
which the director has supervision or control, which rules may include the limitation
of ingress to or egress from such facilities as may be necessary to maintain the security
of such facilities and to provide for the safety of those on the premises of such
facilities; (C) Purchase such fire and extended coverage insurance and insurance protecting against
liability for damage to property or injury to or death of persons as the director
may consider necessary and proper under sections 1551.01 to 1551.25 of the Revised Code ; (D) Sponsor, conduct, assist, and encourage conferences, seminars, meetings, institutes,
and other forms of meetings; authorize, prepare, publish, and disseminate any form
of studies, reports, and other publications; originate, prepare, and assist proposals
for the expenditure or granting of funds by any governmental agency or person for
purposes of energy resource development; and investigate, initiate, sponsor, participate
in, and assist with cooperative activities and programs involving governmental agencies
and other entities of other states and jurisdictions; (E) Do all acts and things necessary and proper to carry out the powers granted and the
duties imposed by sections 1551.01 to 1551.25 of the Revised Code ; (F) Make grants of funds to any person, organization, or governmental agency of the state
for the furnishing of goods or performance of services. Any person or governmental agency that receives funds from the department of development,
or utilizes the facilities of the department under sections 1551.01 to 1551.25 of the Revised Code shall agree in writing that all know-how, trade secrets, and other forms of property,
rights, and interest arising out of developments, discoveries, or inventions, including
patents, copyrights, or royalties thereon, which result in whole or in part from research,
studies, or testing conducted by use of such funds or facilities shall be the sole
property of the department, except as may be otherwise negotiated and provided by
contract in advance of such research, studies, or testing. However, such exceptions do not apply to the director or employees of the department
participating in or performing research, tests, or studies. Rights retained by the department may be assigned, licensed, transferred, sold, or
otherwise disposed of, in whole or in part, to any person or governmental agency. Any and all income, royalties, or proceeds derived or retained from such dispositions
shall be paid to the state and credited to the general revenue fund. Any instrument by which real property is acquired pursuant to this section shall identify
the agency of this state that has the use and benefit of the real property as specified
in section 5301.012 of the Revised Code .
Frequently Asked Questions About Ohio § 1551.12
What does Ohio Revised Code § 1551.12 cover?
Section 1551.12 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 § 1551.12?
A common citation format is "Ohio Revised Code § 1551.12" (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 § 1551.12 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.