reglab/housing_qa huggingface dataset:
Ohio Rev Code § 135.77 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.77 | Definitions Regarding Business Linked Deposit Program.

Effective: September 1, 2021|Latest Legislation:  House Bill 133 - 134th General Assembly|As used in sections 135.77 to 135.774 of the Revised Code: (A) "Business linked deposit" means a certificate of deposit or other financial institution instrument placed by the treasurer of state with an eligible lending institution at a rate below current market rates, as determined and calculated by the treasurer of state, provided the institution agrees to lend the value of such deposit, according to the deposit agreement provided in section 135.773 of the Revised Code, to eligible small businesses at a rate that reflects an equal percentage rate reduction below the present borrowing rate applicable to each specific business at the time of the deposit of state funds in the institution. (B) "Eligible lending institution" means a federal credit union, a foreign credit union licensed pursuant to section 1733.39 of the Revised Code, or a credit union as defined in section 1733.01 of the Revised Code, located in this state. (C) "Eligible small business" means any person that has all of the following characteristics: (1) Is domiciled in this state; (2) Maintains offices and operating facilities exclusively in this state and transacts business in this state; (3) Employs fewer than one hundred fifty employees, the majority of whom are residents of this state; (4) Is organized for profit; (5) Is able to save or create one full-time job or two part-time jobs in this state for every fifty thousand dollars borrowed. (D) "Full-time job" means a job with regular hours of service totaling at least forty hours per week or any other standard of service accepted as full-time by the employee's employer. (E) "Loan" means a contractual agreement under which an eligible lending institution agrees to lend money in the form of an upfront lump sum, a line of credit, or any other reasonable arrangement approved by the treasurer of state. (F) "Part-time job" means a job with regular hours of service totaling fewer than forty hours per week or any other standard of service accepted as part-time by the employee's employer. Last updated June 21, 2021 at 9:12 AM
Ohio Rev Code § 135.771 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.771 | Statement of Policy.

Effective: September 29, 2017|Latest Legislation:  House Bill 49 - 132nd General Assembly|The general assembly finds that small businesses play an important role in creating jobs in this state. Accordingly, it is declared to be the public policy of the state through the business linked deposit program to foster economic growth and development within Ohio's small businesses, and to protect the jobs of this state.
Ohio Rev Code § 135.772 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.772 | Participation by Lending Institutions.

Effective: September 29, 2017|Latest Legislation:  House Bill 49 - 132nd General Assembly|(A) In accordance with section 135.64 of the Revised Code, an eligible lending institution that desires to receive a business linked deposit shall accept and review applications for loans from eligible small businesses and forward to the treasurer of state a linked deposit loan package.(B) No loan issued pursuant to sections 135.77 to 135.774 of the Revised Code shall exceed four hundred thousand dollars.
Ohio Rev Code § 135.773 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.773 | Acceptance or Rejection by Treasurer of State.

Effective: September 29, 2017|Latest Legislation:  House Bill 49 - 132nd General Assembly|In accordance with section 135.65 of the Revised Code, the treasurer of state may accept or reject a business linked deposit loan package, or any portion thereof, and shall enter into a deposit agreement regarding any accepted loan packages.
Ohio Rev Code § 135.774 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.774 | Loan Rates; Implementation; Liability.

Effective: September 1, 2021|Latest Legislation:  House Bill 133 - 134th General Assembly|(A) Upon the placement of a business linked deposit with an eligible lending institution, such institution is required to lend such funds to each approved eligible small business listed in the linked deposit loan package required by section 135.772 of the Revised Code and in accordance with the deposit agreement required by section 135.773 of the Revised Code.  (B) The treasurer of state shall take any and all steps necessary to implement the business linked deposit program and monitor compliance of eligible lending institutions and eligible small businesses, including the development of guidelines as necessary. (C) The state and the treasurer of state are not liable to any eligible lending institution in any manner for payment of the principal or interest on the loan to an eligible small business. Any delay in payments or default on the part of an eligible small business does not in any manner affect the deposit agreement between the eligible lending institution and the treasurer of state. Last updated June 15, 2021 at 5:18 PM
Ohio Rev Code § 135.78 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.78 | Adoption of Rules; Payment of Interest.

Effective: March 31, 2021|Latest Legislation:  House Bill 405 - 133rd General Assembly|(A) As used in this section: (1) "Eligible lending institution" means an eligible lending institution as defined in section 135.61, 135.68, 135.71, 135.77, or 135.79 of the Revised Code, as applicable. (2) "Prevailing interest rate" means a current interest rate benchmark selected by the treasurer of state that banks are willing to pay to hold deposits for a specific time period, as measured by a third-party organization. (3) "Treasurer's assessment rate" means a number not exceeding ten per cent that is calculated in a manner determined by the treasurer of state and that seeks to account for the effect that varying tax treatment among different types of financial institutions has on the ability of financial institutions to pay competitive interest rates to hold deposits. (B) The treasurer of state shall, in accordance with Chapter 111. of the Revised Code, adopt rules addressing the participation of eligible lending institutions in the agricultural linked deposit program under sections 135.71 to 135.76 of the Revised Code, the business linked deposit program under sections 135.77 to 135.774 of the Revised Code, and the adoption linked deposit program under sections 135.79 to 135.796 of the Ohio Revised Code, including, but not limited to, the manner in which an eligible lending institution is designated and the linked deposits are placed, held, and collateralized. Participation of eligible lending institutions in those linked deposit programs shall not begin until these rules have been adopted. (C) Notwithstanding any provision of law to the contrary, the treasurer of state may require an eligible lending institution that holds public deposits under sections 135.61 to 135.67, 135.68 to 135.70, 135.71 to 135.76, 135.77 to 135.774, or 135.79 to 135.796 of the Revised Code, and any institution mentioned in section 135.03 of the Revised Code that holds public deposits under sections 135.71 to 135.76 of the Revised Code, to pay interest at a rate not lower than the product of the prevailing interest rate multiplied by the sum of one plus the treasurer's assessment rate. The treasurer may adopt rules necessary for the implementation of this division. The rules shall be adopted in accordance with Chapter 119. of the Revised Code.
Ohio Rev Code § 135.79 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.79 | Adoption Linked Deposit Program-Definitions.

Effective: March 31, 2021|Latest Legislation:  House Bill 405 - 133rd General Assembly|As used in sections 135.79 to 135.796 of the Revised Code:  (A) "Eligible borrower" means an individual who is a resident of this state and to whom either of the following applies:  (1) The individual completes a home study pursuant to section 3107.031 of the Revised Code and is approved. (2) The individual is pursuing an adoption through the public foster care system and meets the requirements set by the department of job and family services.  (B) "Eligible lending institution" means a financial institution that may make secured or unsecured personal loans, agrees to participate in the adoption linked deposit program, and is either of the following: (1) A public depository of state funds under section 135.03 of the Revised Code; (2) Notwithstanding sections 135.01 to 135.21 of the Revised Code, a federal credit union, a foreign credit union licensed pursuant to section 1733.39 of the Revised Code, or a credit union as defined in section 1733.01 of the Revised Code, located in this state. (C) "Adoption linked deposit" means a certificate of deposit or other financial institution instrument placed by the treasurer of state with an eligible lending institution at a rate below current market rate, as determined and calculated by the treasurer of state, provided the institution agrees to lend the value of such deposit or instrument, according to the agreement provided in division (C) of section 135.793 of the Revised Code, to eligible borrowers at a rate that reflects an equal percentage rate reduction below the present borrowing rate applicable to each specific borrower at the time of the placement of state funds in the institution. (D) "Other financial institution instrument" means a fully collateralized product that otherwise would pay market rates of interest approved by the treasurer of state. (E) "Loan" means a contractual agreement under which an eligible lending institution agrees to lend money to an eligible borrower in the form of an upfront lump sum, a line of credit, or any other reasonable arrangement approved by the treasurer of state. (F) "Qualifying adoption expense" means any expense incurred to legally adopt a child as described in division (C) of section 3107.055 of the Revised Code, including any costs incurred by the eligible borrower proximately relating to the completion and approval of the home study under section 3107.031 of the Revised Code, and any other expense as determined by the treasurer of state.
Ohio Rev Code § 135.791 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.791 | Legislative Findings and Intent.

Effective: March 31, 2021|Latest Legislation:  House Bill 405 - 133rd General Assembly|The general assembly finds that the financial costs of adoption in this state have grown and the growth has placed a substantial financial burden on families seeking to adopt in this state. Accordingly, it is declared to be the public policy of the state through the adoption linked deposit program to create an availability of lower-cost loans to reduce the financial burdens of adoption and to strengthen families in this state.
Ohio Rev Code § 135.792 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.792 | Loan Applications and Packages.

Effective: March 31, 2021|Latest Legislation:  House Bill 405 - 133rd General Assembly|(A) An eligible lending institution that desires to receive an adoption linked deposit shall accept and review applications for loans to eligible borrowers. The lending institution shall apply all usual lending standards to determine the credit worthiness of each eligible borrower. (B)(1) An eligible borrower shall certify on the borrower's loan application that the reduced rate loan will be used exclusively to pay for qualifying adoption expenses.  (2) Whoever knowingly makes a false statement concerning such application is guilty of the offense of falsification under section 2921.13 of the Revised Code.  (C) The eligible lending institution shall do all of the following:  (1) Forward to the treasurer of state an adoption linked deposit loan package, in the form and manner prescribed by the treasurer of state. The package shall include information as required by the treasurer of state, including the amount of the loan requested. (2) Certify that each applicant is an eligible borrower, and shall, for each borrower, certify the present borrowing rate applicable to each specific eligible borrower; (3) Certify that the eligible lending institution applied all of its usual lending standards to determine the credit worthiness of each eligible borrower.
Ohio Rev Code § 135.793 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.793 | Loan Package Review and Deposit Agreements.

Effective: March 31, 2021|Latest Legislation:  House Bill 405 - 133rd General Assembly|(A) The treasurer of state may accept or reject an adoption linked deposit loan package or any portion thereof, based on the treasurer's evaluation of the eligible borrower included in the package and the amount of state funds to be placed with an eligible lending institution.  (B) Upon acceptance of the adoption linked deposit loan package or any portion thereof, the treasurer of state may place certificates of deposit or other financial institution instruments with the eligible lending institution at a rate below current market rates, as determined and calculated by the treasurer of state. When necessary, the treasurer of state may place certificates of deposit or other financial institution instruments prior to acceptance of an adoption linked deposit loan package.  (C)(1) The eligible lending institution shall enter into a deposit agreement with the treasurer of state, which shall include requirements necessary to carry out the purpose of sections 135.79 to 135.796 of the Revised Code. Such requirements shall reflect the market conditions prevailing in the eligible lending institution's lending area.  (2) The agreement under division (C)(1) of this section may include a specification of the period of time in which the lending institution is to lend funds upon the placement of an adoption linked deposit, and shall include provisions for the certificates of deposit or other financial institution instruments to be placed for any maturity considered appropriate by the treasurer of state not to exceed five years, and may be renewed for up to an additional five years at the option of the treasurer of state. Interest shall be paid at the times determined by the treasurer of state.  (D) Eligible lending institutions shall comply fully with Chapter 135. of the Revised Code.
Ohio Rev Code § 135.794 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.794 | Loan Execution and Treasurer's Oversight.

Effective: March 31, 2021|Latest Legislation:  House Bill 405 - 133rd General Assembly|(A) Upon the placement of an adoption linked deposit with an eligible lending institution, such institution is required to lend such funds to each approved eligible borrower listed in the adoption linked deposit loan package required by division (C) of section 135.792 of the Revised Code and in accordance with the deposit agreement required by division (C) of section 135.793 of the Revised Code. The loan shall be at a rate that reflects a percentage rate reduction below the present borrowing rate applicable to each borrower that is equal to or greater than the percentage rate reduction below market rates at which the certificates of deposit or other financial institution instruments that constitute the adoption linked deposit were placed. A certification of compliance with this section in the form and manner as prescribed by the treasurer of state shall be required of the eligible lending institution.  (B) The treasurer of state shall take any and all steps necessary to implement the adoption linked deposit program and monitor compliance of eligible lending institutions and eligible borrowers, including the development of guidelines as necessary.  (C) Annually, by the first day of February, the treasurer of state shall report on the adoption linked deposit program for the preceding calendar year to the governor, the speaker of the house of representative, and the president of the senate. The report shall set forth the adoption linked deposits made by the treasurer of state under the program during the year and shall include information regarding the nature, terms, and amounts of the loans upon which the adoption linked deposits were based and the eligible borrowers to which the loans were made.
Ohio Rev Code § 135.795 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.795 | Rules.

Effective: March 31, 2021|Latest Legislation:  House Bill 405 - 133rd General Assembly|The treasurer of state may adopt rules necessary for the implementation and administration of sections 135.79 to 135.796 of the Revised Code. Such rules shall be adopted in accordance with section 111.15 of the Revised Code.
Ohio Rev Code § 135.796 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.796 | State Protected From Default.

Effective: March 31, 2021|Latest Legislation:  House Bill 405 - 133rd General Assembly|The state and treasurer of state are not liable to any eligible lending institution in any manner for payment of the principle or interest on the loan to an eligible borrower. Any delay in payments or default on the part of an eligible borrower shall not in any manner affect the agreement between the eligible lending institution and the treasurer of state.
Ohio Rev Code § 135.801 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.801 | Adopting Resolution Implementing Residential Facility Linked Deposit Program.

Effective: October 12, 2016|Latest Legislation:  House Bill 158 - 131st General Assembly|(A) As used in sections 135.801 to 135.803 of the Revised Code, "eligible lending institution," "eligible organization," "investing authority," "residential facility," and "residential facility linked deposit program" have the same meanings as in section 5126.51 of the Revised Code.(B) The board of county commissioners may adopt a resolution implementing a residential facility linked deposit program under sections 5126.51 to 5126.62 of the Revised Code if it finds each of the following:(1) The county board of developmental disabilities has adopted a resolution under section 5126.49 of the Revised Code.(2) There is a shortage of residential facilities in the county for individuals with developmental disabilities.(3) Eligible organizations, otherwise willing and able to develop residential facilities in the county, have been unable to do so because of high interest rates.(4) Placement of residential facility linked deposits will assist in financing the development of residential facilities in the county that otherwise would not be developed because of high interest rates.(5) Public moneys of the county are available for purposes of the residential facility linked deposit program.(6) At least one eligible lending institution has an office located within the territorial limits of the county into which the board may deposit the public moneys of the county.
Ohio Rev Code § 135.802 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.802 | Contents of Resolution Implementing Residential Facility Linked Deposit Program.

Effective: October 6, 2009|Latest Legislation:  Senate Bill 79 - 128th General Assembly|The board of county commissioners shall include each of the following in a resolution implementing a residential facility linked deposit program under sections 5126.51 to 5126.62 of the Revised Code: (A) Specific findings of fact justifying implementation of the residential facility linked deposit program in the county;(B) Guidelines to be followed by the county board of developmental disabilities in establishing standards under section 5126.49 of the Revised Code for approving applications for linked deposit loans;(C) Instructions to the county's investing authority as necessary for the placement and monitoring of, and for reporting with regard to, residential facility linked deposits under sections 5126.59 to 5126.61 of the Revised Code;(D) Any information the board requires an applicant for a residential facility linked deposit loan to provide to the county board of developmental disabilities that would not otherwise be provided to that board by the applicant pursuant to sections 5126.51 to 5126.62 of the Revised Code.The board shall transmit a certified copy of the resolution to the county board of developmental disabilities and the county's investing authority, unless the board is itself that authority.
Ohio Rev Code § 135.803 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.803 | Certifying Availability of Public Moneys.

Effective: October 6, 2009|Latest Legislation:  Senate Bill 79 - 128th General Assembly|On receiving a resolution from the county board of developmental disabilities approving under section 5126.55 of the Revised Code development of a proposed residential facility, the board of county commissioners shall determine whether public moneys of the county are available for a residential facility linked deposit and shall certify to the county board of developmental disabilities either that public moneys are available or that public moneys are not available. If public moneys are not available the certification shall indicate the date, if any, on which the board of county commissioners anticipates that public moneys will be available.
Ohio Rev Code § 135.806 (2021)
2021 Ohio Revised Code|Title 1 | State Government|Chapter 135 | Uniform Depository Act|Section 135.806 | Duties of Lending Institution on Receipt of Rc 135.805 Certificate.

Effective: March 30, 2007|Latest Legislation:  House Bill 293 - 126th General Assembly|Upon placement of a certificate of deposit with an eligible lending institution pursuant to an agreement described in section 135.805 of the Revised Code, the eligible lending institution shall do both of the following:(A) Lend funds pursuant to the agreement to an eligible borrower;(B) Comply fully with the requirements of sections 135.804 to 135.807 of the Revised Code.