Ohio § 6121.14

§ 6121.14.

Each water development project, when constructed and placed in operation, shall be

maintained and kept in good condition and repair by the Ohio water development authority

or the authority shall cause the same to be maintained and kept in good condition

and repair.  Each such project shall be operated by such operating employees as the authority

employs or pursuant to a contract or lease with a governmental agency or person.  All public or private property damaged or destroyed in carrying out the powers granted

by sections 6121.01 to 6121.22 of the Revised Code , shall be restored or repaired and placed in its original condition, as nearly as

practicable, or adequate compensation made therefor out of funds provided under such

sections. On or before the first day of April in each year, the authority shall make an annual

report of its activities for the preceding calendar year to the governor and the general

assembly.  Each such report shall set forth a complete operating and financial statement covering

the authority's operations during the year.  The authority shall cause an audit of its books and accounts to be made at least

once each year by certified public accountants and the cost thereof may be treated

as a part of the cost of construction or of operations of its projects. The authority, by November of each year preceding the year in which the state's biennial

budget is considered by the general assembly, shall estimate the total amount of funds

necessary to pay all the authority's expenses with respect to on-going or new projects

of the authority and any other activities of the authority for the next biennial period,

including the amounts necessary to pay the principal of and interest on all bonds

or notes outstanding or to be issued to fund such projects and activities, the amounts

necessary to cover all charges and expenses in connection with the preparation, issuance,

and servicing of such bonds or notes, and the amounts necessary to pay the costs of

operation and maintenance of any facilities constructed or to be constructed.  The sources of all funds projected to be expended in the next biennial period shall

be clearly delineated. These amounts shall be reported in detail to the office of budget and management and

the legislative budget office of the legislative service commission at the same time

budget requests of other state agencies are required to be submitted to the office

of budget and management.