Ohio § 4981.131
Full text of Ohio Ohio Revised Code § 4981.131, with citation guidance and answers to common questions.
§ 4981.131.
(A) The power and authority provided by this chapter to qualifying subdivisions and local
or regional transportation authorities to borrow for permitted loan purposes is in
addition and supplemental to, not in derogation of, any other power or authority provided
by law for the same or similar purposes, and this chapter provides to qualifying subdivisions
or local or regional transportation authorities alternative, not exclusive, means
of accomplishing those purposes. (B) Chapter 133. of the Revised Code shall not apply to issuance of bonds by the Ohio
rail development commission or to the authorizing, obtaining, or incurring of any
general obligation loan or special revenue loan or to its entering into any participation
agreement or delivering any such other instrument to the commission in connection
therewith, by any qualifying subdivision or local or regional transportation authority,
except to the extent, if any, that provisions of Chapter 133. of the Revised Code
are expressly made applicable thereto by this chapter or by the bond proceedings applicable
to the bonds from the proceeds of which such loan was made. (C) For purposes of division (A) of section 5705.41 of the Revised Code , the authorization by a qualifying subdivision or local or regional transportation
authority of a loan from the commission pursuant to section 4981.12 of the Revised Code shall be deemed to be the authorization of a bond issue, and the purpose for which
such loan was obtained shall be deemed to be the purpose for which such bonds were
issued. For purposes of division (D) of section 5705.41 of the Revised Code , the proceeds to be derived from a loan authorized by a qualifying subdivision or
local or regional transportation authority to be obtained pursuant to section 4981.12 of the Revised Code shall be deemed to be proceeds to be derived from authorized bonds. (D) Sections 4981.01 to 4981.26 of the Revised Code shall be liberally construed to effect the purposes described in section 1.11 of the Revised Code .
Frequently Asked Questions About Ohio § 4981.131
What does Ohio Revised Code § 4981.131 cover?
Section 4981.131 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 § 4981.131?
A common citation format is "Ohio Revised Code § 4981.131" (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 § 4981.131 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.