Ohio § 6123.04

Full text of Ohio Ohio Revised Code § 6123.04, with citation guidance and answers to common questions.

§ 6123.04.

For the purposes of this chapter, the Ohio water development authority may: (A) Adopt bylaws for the regulation of its affairs and the conduct of its business under

this chapter; (B) Sue and plead in its own name;  be sued and impleaded in its own name with respect

to its contracts or torts of its members, employees, or agents acting within the scope

of their employment, or to enforce its obligations and covenants made under sections 6123.06 , 6123.08 , and 6123.13 of the Revised Code .  Any such actions against the authority shall be brought in the court of common pleas

of the county in which the principal office of the authority is located, or in the

court of common pleas of the county in which the cause of action arose, provided such

county is located within this state, and all summonses, exceptions, and notices of

every kind shall be served on the authority by leaving a copy thereof at the principal

office with the person in charge thereof or with the secretary-treasurer of the authority. (C) Make loans and grants to governmental agencies for the acquisition or construction

of development projects by any such governmental agency and adopt rules and procedures

for making such loans and grants; (D) Acquire, construct, reconstruct, enlarge, improve, furnish, equip, maintain, repair,

operate, lease or rent to, or contract for operation by, a person or governmental

agency, development projects, and establish rules for the use of such projects; (E) Make available the use or services of any development project to one or more persons,

one or more governmental agencies, or any combination thereof; (F) Issue development revenue bonds and notes and development revenue refunding bonds

of the state, payable solely from revenues as provided in section 6123.06 of the Revised Code , unless the bonds be refunded by refunding bonds, for the purpose of paying any part

of the cost of one or more development projects or parts thereof; (G) Acquire by gift or purchase, hold, and dispose of real and personal property in the

exercise of the powers of the authority and the performance of its duties under this

chapter; (H) Acquire, in the name of the state, by purchase or otherwise, on such terms and in

such manner as the authority determines proper, public or private lands, or parts

thereof or rights therein, rights-of-way, property, rights, easements, and interests

as it finds necessary for carrying out this chapter;  and compensation shall be paid

for public or private lands so taken; (I) Make and enter into all contracts and agreements and execute all instruments necessary

or incidental to the performance of its duties and the execution of its powers under

this chapter: (1) When the cost under any such contract or agreement, other than compensation for personal

services, involves an expenditure of more than twenty-five thousand dollars, the authority

shall make a written contract with the lowest responsive and responsible bidder, in

accordance with section 9.312 of the Revised Code , after advertisement for not less than two consecutive weeks in a newspaper of general

circulation in Franklin county, and in such other publications as the authority determines,

such notice shall state the general character of the work and materials to be furnished,

the place where plans and specifications therefor may be examined, and the time and

place of receiving bids.  Provided, that a contract or lease for the operation of a development project constructed

and owned by the authority or an agreement for cooperation in the acquisition or construction

of a development project pursuant to section 6123.13 of the Revised Code or any contract for the construction of a development project that is to be leased

by the authority to, and operated by, persons who are not governmental agencies and

the cost of such project is to be amortized exclusively from rentals or other charges

paid to the authority by persons who are not governmental agencies or by governmental

agencies that receive the use or services of such project, including governmental

agencies that are parties to an agreement for cooperation in the acquisition or construction

of such development project pursuant to section 6123.13 of the Revised Code , is not subject to the foregoing requirements and the authority may enter into such

contract or lease or such agreement pursuant to negotiation and upon such terms and

conditions and for such period as it finds to be reasonable and proper in the circumstances

and in the best interests of proper operation or of efficient acquisition or construction

of such project. (2) Each bid for a contract for the construction, demolition, alteration, repair, or

reconstruction of an improvement shall contain the full name of every person interested

in it and who meets the requirements of section 153.54 of the Revised Code . (3) Each bid for a contract, except as provided in division (I)(2) of this section, shall

contain the full name of every person or company interested in it and shall be accompanied

by a sufficient bond or certified check on a solvent bank that if the bid is accepted

a contract will be entered into and the performance thereof secured. (4) The authority may reject any and all bids. (5) A bond with good and sufficient surety, approved by the authority, shall be required

of every contractor awarded a contract except as provided in division (I)(2) of this

section, in an amount equal to at least fifty per cent of the contract price, conditioned

upon the faithful performance of the contract. (J) Employ managers, superintendents, and other employees and retain or contract with

consulting engineers, financial consultants, accounting experts, architects, attorneys,

and such other consultants and independent contractors as are necessary in its judgment

to carry out this chapter, and fix the compensation thereof.  All expenses thereof shall be payable solely from the proceeds of development revenue

bonds or notes issued under this chapter, from revenues, or from funds appropriated

for such purpose by the general assembly. (K) Receive and accept from any federal agency, subject to the approval of the governor,

grants for or in aid of the construction of any development project or for research

and development with respect to solid waste facilities or energy resource development

facilities, and receive and accept aid or contributions from any source of money,

property, labor, or other things of value, to be held, used, and applied only for

the purposes for which such grants and contributions are made; (L) Engage in research and development with respect to solid waste facilities or energy

resource development facilities; (M) Purchase fire and extended coverage and liability insurance for any development project

and for the principal office and sub-offices of the authority, insurance protecting

the authority and its officers and employees against liability for damage to property

or injury to or death of persons arising from its operations, and any other insurance

the authority may agree to provide under any resolution authorizing its development

revenue bonds or in any trust agreement securing the same; (N) Charge, alter, and collect rentals and other charges for the use or services of any

development project as provided in section 6123.13 of the Revised Code ; (O) Provide coverage for its employees under Chapters 145., 4123., and 4141. of the Revised

Code; (P) Do all acts necessary or proper to carry out the powers expressly granted in this

chapter. Any instrument by which real property is acquired pursuant to this section shall identify

the agency of the state that has the use and benefit of the real property as specified

in section 5301.012 of the Revised Code .

Frequently Asked Questions About Ohio § 6123.04

What does Ohio Revised Code § 6123.04 cover?

Section 6123.04 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 § 6123.04?

A common citation format is "Ohio Revised Code § 6123.04" (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 § 6123.04 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.