Ohio § 6119.36

§ 6119.36.

In lieu of submitting to the electors for approval the question of a tax levy outside

the ten-mill limitation and levying that tax following approval, as provided for in sections 6119.31 and 6119.32 of the Revised Code , the board of county commissioners may issue securities, as defined in section 133.01 of the Revised Code , including anticipatory securities, for the purpose of paying the cost of the preparation

of the data needed or determined to be necessary or appropriate in order to plan for

the proper supply, purification, filtration, and distribution of water, the proper

collection, treatment, and disposal of sewage, or the proper collection, control,

abatement, or treatment of surface and subsurface drainage, each and all within the

limits of the county or a part of the county or beyond the limits of the county but

within the same drainage area as is in part within the county, and, if the board determines

it to be necessary or appropriate, for the purpose of paying the costs of acquiring

real estate or interests in real estate for improvements for one or more of those

purposes.  The data may include, but are not limited to, plans, specifications, estimates of

cost, drillings, maps, soundings, surveys, and tentative assessments against properties

that are potentially benefited.  The securities shall be in an amount not exceeding the total estimated cost of the

preparation of the data and of making any acquisitions of real estate or interests

in real estate, together with all other items of cost that are incident to that preparation

or those acquisitions and that are described in division (B) of section 133.15 of the Revised Code . Prior to the issuance or the first issuance of the securities, the board shall determine

that the funds allocated for general operating expenses of the county are insufficient

to pay both those operating expenses for the current year and the total estimated

cost to be financed under authority of this section. The securities shall be Chapter 133. securities, and their issuance shall be subject

to that chapter, except that the maximum maturity of the securities shall not exceed

ten years.  The proceeds of securities issued for the purpose of paying costs of the improvements

for which the data is prepared or for which any acquisition of real estate or interest

in real estate is made may be applied, without reduction of their maximum maturity,

to retire anticipatory securities issued pursuant to this section. All moneys raised by the issuance of securities pursuant to this section shall be

applied to the purposes provided for in section 6119.31 of the Revised Code and in this section.