5501:6-1-04. Security for financial assistance

The director 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 director determines appropriate.

Five Year Review (FYR) Dates: 8/24/2017 and 08/24/2022
Promulgated Under: 111.15
Statutory Authority: 5531.09
Rule Amplifies: 5531.09 , 5531.10
Prior Effective Dates: 09/10/1996 (Emer.), 11/22/1996

Prior History: (R.C. 119.032 review dates: 09/18/2012 and 09/18/2017
Promulgated Under: 111.15
Statutory Authority: 5531.09
Rule Amplifies: 5531.09, 5531.10
Prior Effective Dates: 9/10/96, 11/22/96 )