4981-1-05. Security for financial assistance

The ORDC may request any of the following as security for financial assistance:

(A) A pledge of identified tax revenues, fees, or other revenues derived directly or indirectly from the project;

(B) A guarantee from the borrower or another person;

(C) A mortgage or lien position on or security interest in the project or a portion of the project, or any other asset of the borrower;

(D) Other credit enhancement the ORDC determines appropriate.

Five Year Review (FYR) Dates: 2/27/2020 and 02/27/2025
Promulgated Under: 111.15
Statutory Authority: 111.15
Rule Amplifies: ORC Chapter 4981, 4981.14
Prior Effective Dates: 10/31/1996 (Emer.), 01/10/1997

Prior History: (R.C. 119.032 review dates: 05/13/2014 and 05/12/2019
Promulgated Under: 111.15
Statutory Authority: 4981.14
Rule Amplifies: ORC Chapter 4981
Prior Effective Dates: 10/31/96 (Emer.), 1/10/97)