Ohio Revised Code|Section 151.09 | Issuing obligations for paying costs of conservation projects.

                                                
(A) As used in this section:   
(1) "Costs of   conservation projects" includes related direct   administrative   expenses and allocable portions of the direct costs   of those   projects of the department of agriculture, the department   of natural resources, or the Ohio public   works   commission.
(2) "Obligations" means obligations   as defined in section   151.01 of the Revised Code issued to pay costs of   projects for   conservation purposes as referred to in division   (A)(1) of Section   2o of Article VIII, Ohio Constitution and division (A)(1) of    Section 2q of Article VIII, Ohio Constitution.
(B)(1) The issuing authority shall issue general   obligations   of the state to pay   costs of conservation projects   pursuant to   division (B)(1) of   Section 2o of Article VIII, Ohio   Constitution,    division (B)(1) of Section 2q of Article VIII, Ohio Constitution,   section 151.01 of   the Revised Code, and this   section. The issuing   authority, upon   the certification to it by   the Ohio public works   commission of amounts needed in and for the   purposes of the clean   Ohio conservation   fund created by section   164.27 of the Revised   Code, the clean   Ohio agricultural easement   fund created by   section    901.21 of the   Revised Code, and the clean   Ohio trail fund   created    by section   1519.05 of the Revised Code,   shall issue   obligations in    the amount determined by the   issuing   authority to   be required for    those purposes. Not more than four hundred million dollars    principal   amount of   obligations issued under this section for    conservation purposes may be outstanding at any one time. Not more    than fifty million dollars principal amount of obligations, plus    the principal amount of obligations that in any prior fiscal year    could have been, but were not issued within the    fifty-million-dollar fiscal year limit, may be issued in any    fiscal year.
(2) In making the certification required under division   (B)(1) of this section, the Ohio public works commission shall   consult with the department of agriculture and the department of   natural resources. The commission shall certify amounts that   correspond to the distribution of the net proceeds of obligations   provided in division (C) of this section.
(C) Net proceeds of obligations shall be deposited   as   follows:
(1) Seventy-five per cent into the clean Ohio conservation   fund created by section 164.27 of the Revised Code;
(2) Twelve and one-half per cent into the clean Ohio   agricultural easement fund created by section 901.21 of the   Revised Code;
(3) Twelve and one-half per cent into the clean Ohio trail   fund created by section 1519.05 of the Revised Code.
(D) There is hereby created in the state treasury the   conservation projects bond service fund. All moneys received by   the   state and required by the bond proceedings, consistent with   section 151.01 of the Revised Code and this section, to be   deposited,   transferred, or credited to the bond service fund, and   all other   moneys transferred or allocated to or received for the   purposes of   that fund, shall be deposited and credited to the bond   service   fund, subject to any applicable provisions of the bond   proceedings, but without necessity for any act of appropriation.   During the period beginning with the date of the first issuance of   obligations and continuing during the time that any obligations   are outstanding in accordance with their terms, so long as moneys   in the bond service fund are insufficient to pay debt service when   due on those obligations payable from that fund, except the   principal amounts of bond anticipation notes payable from the   proceeds of renewal notes or bonds anticipated, and due in the   particular fiscal year, a sufficient amount of revenues of the   state is committed and, without necessity for further act of   appropriation, shall be paid to the bond service fund for the   purpose of paying that debt service when due.