The interest is actually paid on bonds or notes which were taken out for the project up to, but not exceeding a period after 25 years. Any partial withdrawal or change in use, other than a sale of a residential lot to specified relatives, will trigger the deferred assessment within the total agricultural district. This may become critical even upon the renewal of an agricultural district if some acreage is omitted. It should also be noted the list of relatives for sale of a lot is very specific. The enforcement of these critical points will depend upon the county auditor and subsequent interpretations.
Amounts borrowed are to be repaid when the public entity collects on the deferred assessment.
Projects might not be constructed if it is dependent upon the Water and Sewer Commission fund. The Ohio Environmental Protection Agency Director shall not issue an order to require a public entity to levy an assessment for a water or sewer project unless the State water and sewer fund is sufficient to cover deferred assessments. However, there are alternative funding possibilities. For example, it may be possible for such projects to be funded without relying on the Water and Sewer Commission account by assessing the users of any such water and sewer development rather than assessing land in an agricultural district. The owners of land in an agricultural district are granted protection from any civil action regarding nuisances involving agricultural activities.