Ohio § 761.10
Full text of Ohio Ohio Revised Code § 761.10, with citation guidance and answers to common questions.
§ 761.10.
All rentals received under leases of a project made by the municipal corporation,
and all proceeds of the sale or other disposition of a project of the municipal corporation,
after paying the necessary expenses including expenses of maintenance and repair which
the municipal corporation is required to incur for a project owned by it shall be
placed in separate sinking funds to the extent provided in the ordinances of the municipal
corporation authorizing revenue bonds which are hereby pledged to and charged with
the payment of interest on, principal of and redemption premium on, the revenue bonds
issued by the municipal corporation to the extent provided in the ordinances authorizing
and the trust agreement securing such bonds. The moneys therein in excess of the amounts required by the bond ordinances and
trust agreements and all payments not so required to be paid into such sinking funds
shall be retained or placed in such fund or in the other fund provided for by section 761.11 of the Revised Code , as the municipal corporation shall determine, and shall be available for the uses
for which such funds are established. Provided, no project shall be sold by the municipal corporation until moneys are
available to retire the revenue bonds issued for such project.
Frequently Asked Questions About Ohio § 761.10
What does Ohio Revised Code § 761.10 cover?
Section 761.10 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 § 761.10?
A common citation format is "Ohio Revised Code § 761.10" (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 § 761.10 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.