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Ohio Rev. Code Ann. § 155.37

[Former R.C. 1509.78, amended and renumbered by H.B. 110, 134th General Assembly, effective 9/30/2021] Disposition of proceeds for state park expenses

Effective: September 30, 2021; Latest Legislation: House Bill 110 - 134th General Assembly

Not less than thirty per cent of the proceeds from a lease executed on and after September 30, 2011, for the exploration and production of oil or gas within or under a state park established under Chapter 1546. of the Revised Code shall be credited to the applicable fund created in the state treasury that supports the state park. The department of natural resources shall use the money credited to the applicable fund from a lease for expenses associated with the state park within or under which the oil or gas exploration and production occurred. Money credited shall be used for capital improvements.

Last updated October 7, 2021 at 4:56 PM

Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.