Ohio § 1728.08
Full text of Ohio Ohio Revised Code § 1728.08, with citation guidance and answers to common questions.
§ 1728.08.
(A) The financial agreement provided for in section 1728.07 of the Revised Code may provide that the municipal corporation will consent to a sale of the project
by the community urban redevelopment corporation to another such corporation and that,
upon assumption by the transferee corporation of the transferor's obligations under
the financial agreement the tax exemption of the improvement as provided by section 1728.10 of the Revised Code shall continue and inure to the transferee corporation. (B) The financial agreement shall provide that the corporation meet the requirements
of section 153.54 of the Revised Code for the completion of the project and for the disposition of the project property
including the buildings in the event of a default in construction or abandonment of
the work. The municipal corporation shall within the limits of its legal powers complete or
cause the completion of a project undertaken pursuant to this chapter in the event
of the termination of the financial agreement by reason of default by the corporation
under the terms of the financial agreement. (C) The financial agreement may further provide that the municipal corporation for its
part will undertake and carry out any work, which a municipal corporation may legally
undertake, in order to assist in the completion of the project.
Frequently Asked Questions About Ohio § 1728.08
What does Ohio Revised Code § 1728.08 cover?
Section 1728.08 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 § 1728.08?
A common citation format is "Ohio Revised Code § 1728.08" (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 § 1728.08 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.