Ohio § 4981.09
Full text of Ohio Ohio Revised Code § 4981.09, with citation guidance and answers to common questions.
§ 4981.09.
There is hereby created in the state treasury the rail development fund. The fund shall consist of such moneys as may be provided by law, including moneys
received from the sale, transfer, or lease of any rail property pursuant to section 4981.08 of the Revised Code . Moneys in the fund shall be used for the purpose of acquiring, rehabilitating, or
developing rail property or service, or for participation in the acquisition of rail
property with the federal government, municipal corporations, townships, counties,
or other governmental agencies. For the purpose of acquiring such rail property, the Ohio rail development commission
may obtain acquisition loans from the federal government or from any other source. The fund shall also be used to promote, plan, design, construct, operate, and maintain
passenger and freight rail transportation systems, and may be used to pay the administrative
costs of the Ohio rail development commission associated with conducting any authorized
rail program, and for any purpose authorized by sections 4981.03 and 5501.56 of the Revised Code . The fund shall not be used to provide loan guarantees.
Frequently Asked Questions About Ohio § 4981.09
What does Ohio Revised Code § 4981.09 cover?
Section 4981.09 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 § 4981.09?
A common citation format is "Ohio Revised Code § 4981.09" (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 § 4981.09 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.