Ohio § 6123.16
Full text of Ohio Ohio Revised Code § 6123.16, with citation guidance and answers to common questions.
§ 6123.16.
The exercise of the powers granted by Chapter 6123. of the Revised Code, will be for
the benefit of the people of the state, for the improvement of their health, safety,
convenience, and welfare, and for the enhancement of their residential, agricultural,
recreational, economic, commercial, and industrial opportunities and is a public purpose. As the operation and maintenance of development projects will constitute the performance
of essential governmental functions, the Ohio water development authority shall not
be required to pay any taxes or assesments [ sic ] upon any development project, or upon any property acquired or used by the authority
under Chapter 6123. of the Revised Code, or upon the income therefrom, nor shall the
transfer to or from the Ohio water development authority of title or possession of
any development project, part thereof, or item included or to be included in any such
project, be subject to the taxes levied pursuant to Chapters 5739. and 5741. of the
Revised Code, and the bonds and notes issued under this chapter, their transfer, and
the income therefrom, including any profit made on the sale thereof, shall at all
times be free from taxation within the state.
Frequently Asked Questions About Ohio § 6123.16
What does Ohio Revised Code § 6123.16 cover?
Section 6123.16 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 § 6123.16?
A common citation format is "Ohio Revised Code § 6123.16" (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 § 6123.16 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.