Ohio § 3706.03

§ 3706.03.

It is hereby declared to be the public policy of the state through the operations

of the Ohio air quality development authority under this chapter to contribute toward

one or more of the following:  to provide for the conservation of air as a natural

resource of the state, and to prevent or abate the pollution thereof, to provide for

the comfort, health, safety, and general welfare of all employees, as well as all

other inhabitants of the state, to assist in the financing of air quality facilities

for industry, commerce, distribution, and research, including public utility companies,

to create or preserve jobs and employment opportunities or improve the economic welfare

of the people, or assist and cooperate with governmental agencies in achieving such

purposes.  In furtherance of such public policy the Ohio air quality development authority

may initiate, acquire, construct, maintain, repair, and operate air quality projects

or cause the same to be operated pursuant to a lease, sublease, or agreement with

any person or governmental agency;  may make loans and grants to governmental agencies

for the acquisition or construction of air quality facilities by such governmental

agencies;  may make loans to persons for the acquisition or construction of air quality

facilities by such persons;  may enter into commodity contracts with, or make loans

for the purpose of entering into commodity contracts to, any person, governmental

agency, or entity located within or without the state in connection with the acquisition

or construction of air quality facilities;  and may issue air quality revenue bonds

of this state payable solely from revenues, to pay the cost of such projects, including

any related commodity contracts.  Any air quality project shall be determined by the authority to be not inconsistent

with any applicable air quality standards duly established and then required to be

met pursuant to the “Clean Air Act,” 84 Stat. 1679 (1970), 42 U.S.C.A. 1857 , as amended.  Any resolution of the authority providing for acquiring or constructing such projects

or for making a loan or grant for such projects shall include a finding by the authority

that such determination has been made.  Determinations by resolution of the authority that a project is an air quality facility

under this chapter and is consistent with the purposes of section 13 of Article VIII, Ohio Constitution , and this chapter, shall be conclusive as to the validity and enforceability of the

air quality revenue bonds issued to finance such project and of the resolutions, trust

agreements or indentures, leases, subleases, sale agreements, loan agreements, and

other agreements made in connection therewith, all in accordance with their terms.