Ohio § 717.11
Full text of Ohio Ohio Revised Code § 717.11, with citation guidance and answers to common questions.
§ 717.11.
All amounts received by a village from the village capital improvement fund created
in section 717.10 of the Revised Code shall be repaid by it to the Ohio air and water development authority for deposit
into the fund immediately upon the village's acquisition of construction financing
for the project for which those amounts have been awarded or in such number of equal
annual installments not exceeding ten, and commencing at such time, as shall be specified
in the agreement under which the funds were provided to the village. In order to provide moneys for repaying the fund, the village may levy and collect
taxes within the limitations imposed by law; or the village may repay the fund from
moneys derived from special assessments upon the properties benefited from the particular
proposed improvements to the extent that the cost of the improvement assessed upon
the benefited properties includes the cost of preparing the plans and expenses incidental
thereto, may include the amount provided from the fund in any bonds issued for the
purpose of paying the cost of the proposed improvements, including bonds authorized
by the electors and bonds payable only from the revenues of the project, or may repay
the fund from any other source of project construction financing. All repayments of advances received by villages under former section 717.10 of the Revised Code shall be repaid to the fund in accordance with the terms and conditions of those
advances. Any such obligation to repay assistance from the fund is not a bonded indebtedness
of the village for the purposes of any applicable law of this state that imposes a
debt limitation on political subdivisions of this state.
Frequently Asked Questions About Ohio § 717.11
What does Ohio Revised Code § 717.11 cover?
Section 717.11 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 § 717.11?
A common citation format is "Ohio Revised Code § 717.11" (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 § 717.11 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.