reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1726.12 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1726 | Development Corporations|Section 1726.12 | Cancellation of Articles of Incorporation.

Effective: March 12, 2001|Latest Legislation:  Senate Bill 265 - 123rd General Assembly|If any development corporation fails to prepare an annual financial report as required by section 1726.11 of the Revised Code and to file that report with the auditor of state within ninety days of the time prescribed for that filing by that section, or if the auditor of state determines by applying the standards applicable to a public office under section 117.41 of the Revised Code that any development corporation cannot be audited and declares it to be unauditable and the corporation fails to then prepare an annual financial report as required by section 1726.11 of the Revised Code and to file that report with the auditor of state within ninety days of the time that the auditor of state declared the corporation to be unauditable, or if any annual financial report discloses that any development corporation has failed to begin business for a period of three years from the effective date of the filing of its articles of incorporation, the auditor of state shall certify that fact to the secretary of state. The secretary of state then shall cancel the articles of the development corporation involved by appropriate entry upon the margin of the record of the articles. All the powers, privileges, and franchises conferred upon that development corporation by those articles of incorporation then shall cease. The secretary of state shall immediately notify that development corporation of the action taken.
Ohio Rev Code § 1726.13 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1726 | Development Corporations|Section 1726.13 | Applicability of General Corporation Laws.

Effective: October 1, 1959|Latest Legislation:  House Bill 509 - 103rd General Assembly|The provisions of Chapter 1701. of the Revised Code shall be applicable to corporations organized under this Chapter 1726. of the Revised Code to the extent they are not inconsistent herewith.
Ohio Rev Code § 1726.15 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1726 | Development Corporations|Section 1726.15 | Investing in Housing Partnerships.

Effective: July 10, 1972|Latest Legislation:  Senate Bill 442 - 109th General Assembly|Any financial institution, as defined in division (A) of section 1726.01 of the Revised Code, except a building and loan association, may purchase for its own account, hold, or dispose of shares of stock issued by a corporation created under the "Housing and Urban Development Act of 1968," 82 Stat. 476, 42 U.S.C. 3931, and may make, hold, or dispose of investments in a partnership, limited partnership, or joint venture formed under section 907 (a) or section 907 (c) of such act.
Ohio Rev Code § 1727.01 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1727 | Farm Laborers' Associations|Section 1727.01 | Farm Laborers' Association - Holding of Real Estate.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|No association incorporated for the purpose of promoting the interests of agriculture, for the relief of distressed farm laborers or their widows and orphans, whether such widows and orphans are members of the association or not, and for any other charitable purpose, shall take or hold real estate, except such as is actually occupied in the exercise of its legitimate business, or as it acquires in security for or satisfaction of debts due it. Real estate so occupied shall not in any case exceed fifty thousand dollars in value.
Ohio Rev Code § 1727.02 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1727 | Farm Laborers' Associations|Section 1727.02 | Investments - Loans.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|After paying its expenses, an association coming within the purview of section 1727.01 of the Revised Code shall invest its funds exclusively for the purposes mentioned in its articles of incorporation, and may invest them in mortgages upon real estate or in county, state, or United States securities. In its articles of incorporation, it may designate the kinds of securities in which its funds shall be invested, in which case no part of such funds shall be invested in securities other than those named in the articles. It shall not make any loan to any of its trustees or officers. It may take by gift, subscription, purchase, devise, or loan; but it shall take no loan for a term less than three years or more than twenty years, to an amount exceeding one hundred thousand dollars, or at a rate of interest greater than four per cent payable semiannually.
Ohio Rev Code § 1727.03 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1727 | Farm Laborers' Associations|Section 1727.03 | Maintenance of Libraries and Museum.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|An association coming within the purview of section 1727.01 of the Revised Code may maintain libraries, and a museum of art consisting of models of such improved instruments and machinery as are best calculated to promote the interests of agriculture, for the benefit of such association, under such regulations as its members adopt.
Ohio Rev Code § 1727.05 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1727 | Farm Laborers' Associations|Section 1727.05 | Consolidation.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|Any unincorporated association organized for any purpose named in section 1727.01 of the Revised Code may be consolidated with an association incorporated for a purpose named in said section, by a resolution of each component association adopted by not less than two thirds of its members at a meeting called for that purpose. Such resolutions and the votes thereon must be recorded by the clerk of the component corporate association, and the consolidated association thereupon shall assume the name of such corporate association and be entitled to all its privileges. The members of the consolidated association are not liable for the obligations of the unincorporated association.
Ohio Rev Code § 1728.02 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1728 | Community Redevelopment Corporations|Section 1728.02 | Required Provisions in Articles of Incorporation.

Effective: November 22, 1973|Latest Legislation:  Senate Bill 90 - 110th General Assembly|(A) Any corporation formed, or which shall be formed, under Chapter 1701. or 1702. of the Revised Code may qualify to operate under Chapter 1728. of the Revised Code, if its articles of incorporation, originally or by amendment thereof, contain the following provisions:(1) The name of the corporation shall include the words "community urban redevelopment."(2) The object for which it is formed shall be to operate under Chapter 1728. of the Revised Code, and to initiate and conduct projects for the clearance, replanning, development, and redevelopment of blighted areas within municipal corporations and, when so authorized by financial agreement with a municipal corporation pursuant to section 1728.07 of the Revised Code, to acquire, plan, develop, construct, alter, maintain, or operate one or more projects, under such conditions of use, ownership, management, and control as are regulated pursuant to Chapter 1728. of the Revised Code.(3) A declaration that the corporation has been organized to serve a public purpose, that its operation shall be directed towards providing for and making possible the original acquisition, to the extent agreed to by the governing body of a city, clearance, replanning, development, or redevelopment of blighted areas or the acquisition, management, and operation of a project; and that it is subject to regulation by the municipal corporation in which its project is situated for as long as it remains obligated under a financial agreement as provided in section 1728.07 of the Revised Code.(B) Any community urban redevelopment corporation qualifying under Chapter 1728. of the Revised Code, may undertake a project, and when so authorized by a financial agreement with a municipal corporation pursuant to section 1728.07 of the Revised Code, may acquire, plan, develop, construct, alter, maintain, or operate one or more projects. The conditions of use, ownership, management, and control of the improvements in any such project shall be regulated as provided in Chapter 1728. of the Revised Code.
Ohio Rev Code § 1728.03 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1728 | Community Redevelopment Corporations|Section 1728.03 | Sale of Blighted Area Land.

Effective: November 22, 1973|Latest Legislation:  Senate Bill 90 - 110th General Assembly|When any municipal corporation or agency or authority thereof has acquired land constituting or being a part of a blighted area, the governing body of the municipal corporation, or the agency or authority, by resolution, may make such land available for use for a project by a community urban redevelopment corporation, qualified under Chapter 1728. of the Revised Code, by private sale or lease, upon such terms and conditions as are agreed upon by the governing body or agency or authority and the corporation. Any such resolution shall include a determination of the use value of the land, and the price or rental to be paid therefor by the corporation shall not be less than the amount so determined if made available by sale, and shall not be less than a fair return thereon if made available by lease.
Ohio Rev Code § 1728.04 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1728 | Community Redevelopment Corporations|Section 1728.04 | Restrictions on Business Activities.

Effective: November 22, 1973|Latest Legislation:  Senate Bill 90 - 110th General Assembly|(A) So long as a community urban redevelopment corporation is obligated under a financial agreement with a municipal corporation made pursuant to section 1728.07 of the Revised Code, it shall engage in no business other than the acquisition, ownership, construction, operation, and management of such project or projects.(B) The corporation shall not voluntarily transfer the project undertaken by it under Chapter 1728. of the Revised Code, until it has first removed both itself and the project from all restrictions under such chapter in the manner set forth.The foregoing restriction shall not be applied to prevent the transfer of a project to another community urban redevelopment corporation which, with the consent of the municipal corporation in which the project is located, assumes all the contractual obligations of the transferor corporation under its financial agreement with the municipal corporation, nor to prevent the transfer of a portion of the project as to which the tax exemption has terminated pursuant to section 1728.12 of the Revised Code, nor to prevent the operation and management of all or a portion of a project by the lease thereof to a lessee approved by the governing body of the municipal corporation, which lessee need not be a community urban redevelopment corporation, under terms and conditions approved by the governing body of the municipal corporation, which terms and conditions may include an option or agreement to purchase at a minimal price at not earlier than the termination of the financial agreement.(C) If a corporation frees itself and its project from the restrictions of Chapter 1728. of the Revised Code, and its financial agreement with the municipal corporation, in the manner provided in such chapter, it shall no longer exercise any of the powers, or be subject to any of the restrictions contained in Chapter 1728. of the Revised Code with respect to that project.(D) When a corporation, with the consent of the municipal corporation in which its project is located, has transferred its project to another such corporation which has assumed the contractual obligations of the transferor corporation with the municipal corporation, the transferor corporation shall be discharged from any further obligation under the said financial agreement.
Ohio Rev Code § 1728.05 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1728 | Community Redevelopment Corporations|Section 1728.05 | Loans, Guarantees, Acquisitions.

Effective: November 22, 1973|Latest Legislation:  Senate Bill 90 - 110th General Assembly|A community urban redevelopment corporation in carrying out projects may:(A) Accept loans from the federal government or an agency thereof in aid of a project owned or to be acquired or undertaken by the corporation.(B) Obtain, or aid in obtaining, from the federal government any insurance or guarantee, or commitment therefor, as to, or for the payment or repayment of interest or principal, or both, or any part thereof, of any loan or other extension of credit, or any instrument evidencing or securing the same, obtained or to be obtained or entered into by it, and to enter into any agreement or contract, or execute any instrument whatsoever with respect to any such insurance or guarantee.(C) Acquire public or private lands by purchase or otherwise, on such terms and in such manner as it deems proper which lands are necessary for the undertaking and carrying out of a community development plan approved by the governing body of the impacted city and to the extent agreed to by the governing body of an impacted city in a financial agreement provided for in section 1728.07 of the Revised Code.
Ohio Rev Code § 1728.08 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1728 | Community Redevelopment Corporations|Section 1728.08 | Permissible Provisions in Financial Agreement.

Effective: August 1, 1980|Latest Legislation:  Senate Bill 157 - 113th General Assembly|(A) The financial agreement provided for in section 1728.07 of the Revised Code may provide that the municipal corporation will consent to a sale of the project by the community urban redevelopment corporation to another such corporation and that, upon assumption by the transferee corporation of the transferor's obligations under the financial agreement the tax exemption of the improvement as provided by section 1728.10 of the Revised Code shall continue and inure to the transferee corporation.(B) The financial agreement shall provide that the corporation meet the requirements of section 153.54 of the Revised Code for the completion of the project and for the disposition of the project property including the buildings in the event of a default in construction or abandonment of the work. The municipal corporation shall within the limits of its legal powers complete or cause the completion of a project undertaken pursuant to this chapter in the event of the termination of the financial agreement by reason of default by the corporation under the terms of the financial agreement.(C) The financial agreement may further provide that the municipal corporation for its part will undertake and carry out any work, which a municipal corporation may legally undertake, in order to assist in the completion of the project.
Ohio Rev Code § 1728.09 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1728 | Community Redevelopment Corporations|Section 1728.09 | Representations and Covenants as to Management or Operation of Project.

Effective: October 10, 1963|Latest Legislation:  Senate Bill 60 - 105th General Assembly|The financial agreement provided for in section 1728.07 of the Revised Code shall contain detailed representations and covenants by the community urban redevelopment corporation as to the manner in which it proposes to manage or operate the project. The financial agreement shall further set forth the plans for financing the project, including the estimated total project cost, the amortization rate on the total project cost, the source of funds, the interest rates to be paid on the construction financing, the source and amount of paid-in capital, the terms of mortgage amortization or payment of principal on any mortgage, and the rental schedules and lease terms to be used in the project.
Ohio Rev Code § 1728.111 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1728 | Community Redevelopment Corporations|Section 1728.111 | Annual Service Charge in Lieu of Taxes.

Effective: March 23, 2005|Latest Legislation:  Senate Bill 165 - 125th General Assembly|The community urban redevelopment corporation entering into a financial agreement with an impacted city shall pay to the county treasurer an annual service charge in lieu of taxes on the improvements made by the corporation in the project that are exempted from taxation pursuant to section 1728.10 of the Revised Code. The annual service charge shall be charged and paid in two equal installments at the same time and in the same manner as real property taxes. The amount of the annual service charge shall be set forth in the financial agreement and shall be not more than the annual amount of real property taxes that would have been charged against the percentage of the assessed valuation of such improvements exempted from taxation had that percentage not been exempted from taxation, and not less than an amount which, together with the taxes on the land in any year, equals the total taxes assessed on all real property in the area covered by the project in the calendar year immediately preceding the initial acquisition of the area or any part thereof by the municipality or the corporation, whichever occurred first. The county treasurer may secure the service charge payments by a lien on the exempted improvements. Such a lien shall attach, and may be perfected, collected, and enforced, in the same manner as a mortgage lien on real property, and shall otherwise have the same force and effect as a mortgage lien on real property.The service charge in lieu of taxes shall be distributed by the county auditor to the taxing subdivision levying taxes in the subdivisions in which the property is located, in the same proportions in which the current general property tax is distributed, or upon the adoption of a resolution by the municipal legislative authority, which shall be certified to the county auditor, the full amount of the service charge shall be distributed at the same time and in the same manner as real property tax payments to the municipal corporation, and shall be deposited in an urban redevelopment tax increment equivalent fund established pursuant to section 1728.112 of the Revised Code.At the end of thirty years for one, two, or three family residential dwelling units and twenty years for all other uses of the improvements from the date of the execution of a financial agreement, or earlier by agreement of the parties thereto, the exemption from taxation of any unit if the project is undertaken in units, or of the entire project if the project is not undertaken in units, ceases and the improvements and any other property of the corporation as well as the land shall be assessed and taxed like other property within the municipal corporation.At the same date all restrictions and limitation upon the corporation shall terminate upon the corporation's rendering its final account with the municipal corporation.
Ohio Rev Code § 1728.112 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1728 | Community Redevelopment Corporations|Section 1728.112 | Urban Redevelopment Tax Increment Equivalent Fund.

Effective: March 21, 1984|Latest Legislation:  House Bill 30 - 115th General Assembly|A municipal corporation may establish an urban redevelopment tax increment equivalent fund, by resolution or ordinance of its legislative authority, into which shall be deposited service payments in lieu of taxes distributed to the municipal corporation by the county treasurer as provided in section 1728.111 of the Revised Code. Moneys deposited in the urban redevelopment tax increment equivalent fund shall be used for such purposes as are authorized in the resolution or ordinance establishing the fund. Any incidental surplus remaining in the urban redevelopment tax increment equivalent fund upon its dissolution shall be transferred to the general fund of the municipal corporation.
Ohio Rev Code § 1728.12 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1728 | Community Redevelopment Corporations|Section 1728.12 | Termination of Tax Exemption.

Effective: November 22, 1973|Latest Legislation:  Senate Bill 90 - 110th General Assembly|The tax exemption provided by section 1728.10 of the Revised Code applies only so long as the community urban redevelopment corporation and its project remain subject to Chapter 1728. of the Revised Code, but in no event longer than thirty years for one, two, or three family residential dwelling units and twenty years for all other uses of the improvements from the date of the execution of the financial agreement. Any corporation organized under Chapter 1728. of the Revised Code, may, at any time after the expiration of one year from the completion date of a project, notify the governing body of the municipal corporation with which it has entered into a financial agreement that, as of a certain date designated in the notice, it relinquishes its status under Chapter 1728. of the Revised Code as to all or any of the real property included in the project. As of the date so set, the tax exemption and the payments in lieu of taxes shall terminate as to the real property specified in the notice.
Ohio Rev Code § 1729.02 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1729 | Ohio Cooperative Law|Section 1729.02 | Purposes - Associations Deemed Nonprofit - Chapter Title.

Effective: September 3, 2004|Latest Legislation:  House Bill 288 - 125th General Assembly|(A) An association may be organized under this chapter for any lawful purpose permitted to corporations by the laws of this state, except any such purpose that is inconsistent with the provisions of this chapter or other chapters of Title XVII of the Revised Code. This section does not authorize any professional services otherwise prohibited by law.(B) Associations shall be corporations that are deemed nonprofit because they are not organized for the purpose of making a profit for themselves as such, or for the purpose of making a profit for their members as such, but for their members as patrons. This chapter and not Chapter 1702. of the Revised Code shall govern associations.(C) A municipal power agency, as "municipal power agency" is defined in section 3734.058 of the Revised Code, is not an association for the purposes of this chapter.(D) This chapter shall be known as the "Ohio Cooperative Law."