Ohio § 4928.2315
Full text of Ohio Ohio Revised Code § 4928.2315, with citation guidance and answers to common questions.
§ 4928.2315.
(A) The state pledges to and agrees with the bondholders, any assignee, and any financing
parties under a final financing order that the state will not take or permit any action
that impairs the value of phase-in-recovery property under the final financing order
or revises the phase-in costs for which recovery is authorized under the final financing
order or, except as allowed under section 4928.238 of the Revised Code , reduce, alter, or impair phase-in-recovery charges that are imposed, charged, collected,
or remitted for the benefit of the bondholders, any assignee, and any financing parties,
until any principal, interest, and redemption premium in respect of phase-in-recovery
bonds, all financing costs, and all amounts to be paid to an assignee or financing
party under an ancillary agreement are paid or performed in full. (B) Any person who issues phase-in-recovery bonds is permitted to include the pledge
specified in division (A) of this section in the phase-in-recovery bonds, ancillary
agreements, and documentation related to the issuance and marketing of the phase-in-recovery
bonds.
Frequently Asked Questions About Ohio § 4928.2315
What does Ohio Revised Code § 4928.2315 cover?
Section 4928.2315 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 § 4928.2315?
A common citation format is "Ohio Revised Code § 4928.2315" (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 § 4928.2315 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.