Ohio § 6123.11
Full text of Ohio Ohio Revised Code § 6123.11, with citation guidance and answers to common questions.
§ 6123.11.
All moneys, funds, properties, and assets acquired by the Ohio water development authority
under Chapter 6123. of the Revised Code, whether as proceeds from the sale of development
revenue bonds or as revenues, or otherwise, shall be held by it in trust for the purposes
of carrying out its powers and duties, shall be used and reused as provided in such
chapter, and shall at no time be part of other public funds. Such funds, except as otherwise provided in any resolution authorizing its development
revenue bonds or in any trust agreement securing the same, or except when invested
pursuant to section 6123.12 of the Revised Code , shall be kept in depositories selected by the authority in the manner provided in
Chapter 135. of the Revised Code, and the deposits shall be secured as provided in
Chapter 135. of the Revised Code. The resolution authorizing the issuance of such bonds of any issue or the trust
agreement securing such bonds shall provide that any officer to whom, or any bank
or trust company to which, such moneys are paid shall act as trustee of such moneys
and hold and apply them for the purposes hereof, subject to such conditions as such
chapter and such resolutions or trust agreement provide.
Frequently Asked Questions About Ohio § 6123.11
What does Ohio Revised Code § 6123.11 cover?
Section 6123.11 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 § 6123.11?
A common citation format is "Ohio Revised Code § 6123.11" (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 § 6123.11 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.