Ohio Rev. Code § 902.06

This is the official text of Ohio Rev. Code § 902.06, 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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§ 902.06. Determinations of agricultural financing commission

Official statutory text

January 11, 1985 House Bill 826 - 115th General Assembly The agricultural financing commission may make the following determinations in connection with any issuance of its bonds: (A) The number, location, and other characteristics of projects, including to the extent reasonably possible, assurance that the projects to be financed by bonds will create or preserve jobs and employment opportunities or improve the economic welfare of the people of the state; (B) Eligibility requirements, including requirements for credit worthiness, for projects for which loans are made from proceeds of the bonds. In determining eligibility requirements the commission shall take into consideration all of the following factors: (1) The length of time any borrower has been engaged in agriculture; (2) The net income or net worth of any borrower; and (3) The availability or feasability of alternative financing methods for any borrower. (C) The type and amount of collateral, security or credit enhancement to be provided to assure repayment of loans or of bonds; (D) The amounts and types of insurance coverage required on projects and loans; (E) Any other matters relating to the exercise of the powers or duties of the commission under this chapter.

Status: in_force · Read it on the official government site

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