Ohio § 6123.03

§ 6123.03.

It is hereby declared to be the public policy of the state through the operations

of the Ohio water development authority under this chapter to contribute toward one

or more of the following:  to provide for the comfort, health, safety, and general

welfare of all employees and other inhabitants of the state and for the conservation

of the land, air and water resources of the state through efficient and proper methods

of disposal, salvage and reuse of or recovery of resources from solid wastes thereby

eliminating or decreasing accident and health hazards including rodent and insect

vectors of disease, public nuisance and the adverse effect on land values caused thereby

and the scenic blight marring the landscape, to assist in the financing of solid waste

facilities for industry, commerce, distribution and research, including public utility

companies, to create or preserve jobs and employment opportunities or improve the

economic welfare of the people of the state, or to assist and cooperate with governmental

agencies in achieving such purposes.  In furtherance of such public policy, the Ohio water development authority may initiate,

acquire, construct, maintain, repair and operate solid waste facilities or cause the

same to be operated pursuant to a lease, sub-lease, or agreement with any person or

governmental agency;  may make loans and grants to governmental agencies for the acquisition

or construction of solid waste facilities by such governmental agencies;  may make

loans to persons for the acquisition or construction of solid waste facilities by

such persons;  and may issue development revenue bonds of this state payable solely

from revenues, to pay the cost of such projects.  Any solid waste facilities shall be determined by the authority to be in compliance

with Chapter 3734. of the Revised Code and with the regulations adopted by the director

of environmental protection under section 3734.02 of the Revised Code .  Any resolution of the authority providing for acquiring or constructing such facilities

or for making a loan or grant for such facilities shall include a finding by the authority

that such determination has been made.  Determinations by resolution of the authority that a facility is a solid waste facility

under this chapter and is consistent with the purposes of Section 13 of Article VIII, Ohio Constitution , and this chapter shall be conclusive as to the validity and enforceability of the

development revenue bonds issued to finance such facility and of the resolutions,

trust agreements or indentures, leases, sub-leases, sale agreements, loan agreements

and other agreements made in connection therewith, all in accordance with their terms.