Ohio Rev. Code § 122.981
This is the official text of Ohio Rev. Code § 122.981, part of Ohio’s Ohio Revised Code — the complete compiled statutory law of Ohio, organized into 40+ numbered titles by subject.
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§ 122.981. Residential development revolving loan fund
Official statutory text
September 30, 2025 House Bill 96 - 136th General Assembly There is hereby created in the state treasury the residential development revolving loan fund. The fund shall consist of appropriations by the general assembly, money received as repayment for loans under section 122.98 of the Revised Code, fees collected in accordance with that section, and any other money transferred to the fund. All investment earnings of the fund shall be credited to the fund. The department of development shall use money in the fund exclusively to make low-interest loans under section 122.98 of the Revised Code and to offset the expenditures incurred by the department in administering that section. The aggregate amount of money used to offset the department's expenditures in any fiscal year shall not exceed five hundred thousand dollars. Last updated August 13, 2025 at 5:08 PM Disclaimer Contact About
Status: in_force · Read it on the official government site
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