Ohio § 5595.08
Full text of Ohio Ohio Revised Code § 5595.08, with citation guidance and answers to common questions.
§ 5595.08.
All money, funds, properties, and assets acquired by the governing board of a regional
transportation improvement project under this chapter, whether as proceeds from the
sale of securities, as revenues, or otherwise, shall be held by it in trust for the
purpose of carrying out its powers and duties, shall be used and reused as provided
in this chapter, and shall at no time be part of other public funds. Such funds, except as otherwise provided in bond proceedings or in any trust agreement
securing such securities, or except when invested pursuant to section 5595.09 of the Revised Code , shall be kept in depositories selected by the governing board in the manner provided
in Chapter 135. of the Revised Code for the selection of eligible public depositories,
and the deposits shall be secured as provided in that chapter. Bond proceedings or the trust agreement securing securities shall provide that any
officer to whom, or any bank or trust company to which, such money is paid shall act
as trustee of the money and hold and apply the money for the purposes for which the
securities are issued, subject to such conditions as Chapter 133. or 135. of the Revised
Code and such proceedings or trust agreement provide.
Frequently Asked Questions About Ohio § 5595.08
What does Ohio Revised Code § 5595.08 cover?
Section 5595.08 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 § 5595.08?
A common citation format is "Ohio Revised Code § 5595.08" (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 § 5595.08 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.