When a special assessment is made on real property owned by the Ohio rail development commission and leased under authority of sections 4981.11 to 4981.26 of the Revised Code, the installments of the assessment shall be paid by the lessee of such real property so long as such property is leased and any installment thereof remaining unpaid at the termination of any such lease shall thereafter be paid by the issuer so long as such property is owned by it.
Ohio Rev. Code Ann. § 4981.21
Special assessment installments
Applied in 1 court decision — leading case Amalgamated Transit Union Local 268 v. Greater Cleveland Regional Transit Auth. (2020)
Most recently applied in Amalgamated Transit Union Local 268 v. Greater Cleveland Regional Transit Auth. (May 2020)
Effective: October 20, 1994; Latest Legislation: House Bill 250 - 120th General Assembly
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.