(C) The political subdivision that provides funding as | 26 |
described in division (B) of this section and that believes that a | 27 |
sports team has violated that division may bring an action against | 28 |
the owner or institution affiliated with that sports team, as | 29 |
applicable, in a court of competent jurisdiction. If the court | 30 |
determines that the sports team has violated that division, the | 31 |
owner or institution, as applicable, shall pay to the political | 32 |
subdivision an amount equal to the amount of the public funding | 33 |
described in that division expended for the construction of the | 34 |
sports facility. If the sports facility was constructed on behalf | 35 |
of more than one sports team, the owner or institution shall pay | 36 |
an amount proportionate to the amount the sports team uses the | 37 |
sports facility in comparison to any other sports team that uses | 38 |
the sports facility on a regular basis. | 39 |
(C) For purposes of this section, "available receipts" means | 54 |
any revenues or receipts derived by the Ohio public facilities | 55 |
commission from the operation, leasing, or other disposition of | 56 |
capital facilities financed under this section, the proceeds of | 57 |
obligations issued under this section and section 154.11 or 154.12 | 58 |
of the Revised Code, and also means any gifts, grants, donations, | 59 |
and pledges, and receipts thereon, available for the payment of | 60 |
bond service charges on obligations issued under this section. The | 61 |
issuing authority may pledge all, or such portion as it | 62 |
determines, of the available receipts to the payment of bond | 63 |
service charges on obligations issued under this section and | 64 |
section 154.11 or 154.12 of the Revised Code and for the | 65 |
establishment and maintenance of any reserves, as provided in the | 66 |
bond proceedings, and make other provisions therein with respect | 67 |
to such available receipts as authorized by this chapter, which | 68 |
provisions shall be controlling notwithstanding any other | 69 |
provision of law pertaining thereto. | 70 |
(D) There is hereby created one or more funds, as determined | 71 |
by the issuing authority in the bond proceedings, designated as | 72 |
the "Ohio cultural facilities commission bond service fund" with, | 73 |
if more than one such fund, such further identifying name as the | 74 |
issuing authority determines, which shall be in the custody of the | 75 |
treasurer of state but shall be separate and apart from and not a | 76 |
part of the state treasury. All money received by or on account of | 77 |
the issuing authority or the Ohio cultural facilities commission | 78 |
and required by the applicable bond proceedings to be deposited, | 79 |
transferred, or credited to the Ohio cultural facilities | 80 |
commission bond service fund, and all other money transferred or | 81 |
allocated to or received for the purposes of that fund shall be | 82 |
deposited with the treasurer of state and credited to the | 83 |
applicable fund, subject to applicable provisions of the bond | 84 |
proceedings, but without necessity of any act or appropriation. | 85 |
The Ohio cultural facilities commission bond service funds are | 86 |
trust funds and are hereby pledged to the payment of bond service | 87 |
charges on the applicable obligations issued pursuant to this | 88 |
section and section 154.11 or 154.12 of the Revised Code to the | 89 |
extent provided in the applicable bond proceedings, and payment | 90 |
thereof from such funds shall be made or provided for by the | 91 |
treasurer of state in accordance with the applicable bond | 92 |
proceedings without necessity for any act or appropriation. | 93 |
(3) If the issuing authority or commission believes that a | 106 |
sports team has violated division (F)(2) of this section, the | 107 |
issuing authority or commission may bring an action against the | 108 |
owner of that sports team in a court of competent jurisdiction. If | 109 |
the court determines that the sports team has violated that | 110 |
division, the owner shall pay to the issuing authority or | 111 |
commission an amount equal to the amount of public financing | 112 |
expended under this section for the construction of the Ohio | 113 |
sports facility. If the Ohio sports facility was constructed on | 114 |
behalf of more than one sports team, the owner shall pay an amount | 115 |
proportionate to the amount the sports team uses the Ohio sports | 116 |
facility in comparison to any other sports team that uses the Ohio | 117 |
sports facility on a regular basis. | 118 |
(4) "Cost of a sports facility" means the cost of acquiring, | 134 |
constructing, renovating, equipping, or improving one or more | 135 |
sports facilities, including reconstructing, rehabilitating, | 136 |
remodeling, and enlarging; the cost of equipping and furnishing | 137 |
such a facility; and all financing costs pertaining thereto, | 138 |
including the cost of engineering, architectural, and other | 139 |
professional services, designs, plans, specifications and surveys, | 140 |
and estimates of costs; the costs of refinancing obligations | 141 |
issued by, or reimbursement of money advanced by, the parties to | 142 |
the cooperative agreement or other persons, the proceeds of which | 143 |
obligations were used to pay the costs of the sports facility; the | 144 |
cost of tests and inspections; the cost of any indemnity or surety | 145 |
bonds and premiums on insurance, all related direct and | 146 |
administrative costs pertaining thereto, fees and expenses of | 147 |
trustees, depositories, and paying agents for the obligations, | 148 |
capitalized interest on the obligations, amounts necessary to | 149 |
establish reserves as required by the obligation proceedings, the | 150 |
reimbursement of money advanced or applied by the parties to the | 151 |
cooperative agreement or other persons for the payment of any item | 152 |
of costs of the sports facility, and all other expenses necessary | 153 |
or incident to planning or determining the feasibility or | 154 |
practicability with respect to the sports facility; and any other | 155 |
such expenses as may be necessary or incident to the acquisition, | 156 |
construction, reconstruction, rehabilitation, remodeling, | 157 |
renovation, enlargement, improvement, equipping, and furnishing of | 158 |
the sports facility, the financing of the sports facility, placing | 159 |
the sports facility in use and operation, including any one, part | 160 |
of, or combination of such classes of costs and expenses. | 161 |
(6) "Obligations" means obligations issued or incurred to pay | 164 |
the cost of a sports facility, including bonds, notes, | 165 |
certificates of indebtedness, commercial paper, and other | 166 |
instruments in writing, anticipatory securities as defined in | 167 |
section 133.01 of the Revised Code, issued or incurred by an | 168 |
issuer pursuant to Chapter 133. or 4582. of the Revised Code or | 169 |
this section, or otherwise, to evidence the issuer's obligation to | 170 |
repay borrowed money, or to pay interest, by, or to pay at any | 171 |
future time other money obligations of, the issuer of the | 172 |
obligations, including obligations of an issuer or lessee to make | 173 |
payments under an installment sale, lease, lease-purchase, or | 174 |
similar agreement. | 175 |
(11) "Sports facility" means a facility, including a stadium, | 193 |
that is intended to house or provide a site for one or more major | 194 |
league professional athletic or sports teams or activities, | 195 |
together with all spectator facilities, parking facilities, | 196 |
walkways, and auxiliary facilities, real and personal property, | 197 |
property rights, easements, leasehold estates, and interests that | 198 |
may be appropriate for, or used in connection with, the operation | 199 |
of the sports facility. | 200 |
(D) Any contract for the acquisition, construction, | 294 |
renovation, or equipping of a sports facility entered into, | 295 |
assigned, or assumed under this section shall provide that all | 296 |
laborers and mechanics employed in the acquisition, construction, | 297 |
renovation, or equipping of the sports facility shall be paid at | 298 |
the prevailing rates of wages of laborers and mechanics for the | 299 |
class of work called for, as those wages are determined in | 300 |
accordance with Chapter 4115. of the Revised Code. | 301 |
(2) A county, port authority, or municipal corporation that | 309 |
entered into a cooperative agreement with an owner under division | 310 |
(B) of this section and that believes that a sports team has | 311 |
violated division (E)(1) of this section may bring an action | 312 |
against the owner in a court of competent jurisdiction. If the | 313 |
court determines that the sports team has violated that division, | 314 |
the owner shall pay to the county, port authority, or municipal | 315 |
corporation an amount equal to the amount of financing expended | 316 |
pursuant to the cooperative agreement for the construction of the | 317 |
sports facility. If the sports facility was constructed on behalf | 318 |
of more than one sports team, the owner shall pay an amount | 319 |
proportionate to the amount the sports team uses the sports | 320 |
facility in comparison to any other sports team that uses the | 321 |
sports facility on a regular basis. The county, port authority, or | 322 |
municipal corporation shall divide the amount the county, port | 323 |
authority, or municipal corporation receives from the owner under | 324 |
division (E)(2) of this section among themselves based upon the | 325 |
amount of financing the county, port authority, or municipal | 326 |
corporation provided. | 327 |
Sec. 351.14. (A) A convention facilities authority may at any | 328 |
time issue revenue bonds and notes in such principal amount as, in | 329 |
the opinion of the authority, are necessary for the purpose of | 330 |
paying the cost of one or more facilities or parts thereof. An | 331 |
authority may at any time issue renewal notes, issue bonds to pay | 332 |
such notes and, whenever it deems refunding expedient, refund any | 333 |
bonds by the issuance of convention facilities authority revenue | 334 |
refunding bonds whether the bonds to be refunded have or have not | 335 |
matured, and issue bonds partly to refund bonds then outstanding, | 336 |
and partly for any other authorized purpose. The refunding bonds | 337 |
shall be sold and the proceeds applied to the purchase, | 338 |
redemption, or payment of the bonds to be refunded. Except as may | 339 |
otherwise be expressly provided by the authority, every issue of | 340 |
its bonds or notes shall be general obligations of the authority | 341 |
payable out of the authority's revenues that are pledged for such | 342 |
payment, without preference or priority of the first bonds issued, | 343 |
subject only to any agreements with the holders of particular | 344 |
bonds or notes pledging any particular revenues. Such pledge shall | 345 |
be valid and binding from the time the pledge is made, and the | 346 |
revenues so pledged and thereafter received by the authority shall | 347 |
immediately be subject to the lien of such pledge without any | 348 |
physical delivery thereof or further act. The lien of any such | 349 |
pledge is valid and binding as against all parties having claims | 350 |
of any kind in tort, contract, or otherwise against the authority, | 351 |
irrespective of whether such parties have notice thereof. Neither | 352 |
the resolution nor any trust agreement by which a pledge is | 353 |
created need be filed or recorded except in the authority's | 354 |
records. | 355 |
(C) The bonds and notes shall be authorized by resolution of | 361 |
the authority, shall bear such date or dates, and shall mature at | 362 |
such time or times, in the case of any such note or any renewals | 363 |
thereof not exceeding twenty years from the date of issue of such | 364 |
original note and in the case of any such bond or any refunding | 365 |
bonds not exceeding forty years from the date of issue, and shall | 366 |
be executed in such manner as such resolution may provide. The | 367 |
bonds and notes shall bear interest at such rate or rates, be in | 368 |
such denominations, be in such form, either coupon or registered, | 369 |
carry such registration privileges, be payable in such medium of | 370 |
payment, at such place or places, and be subject to such terms of | 371 |
redemption as the authority may authorize. Bonds and notes of the | 372 |
authority may be sold by the authority, at public or private sale, | 373 |
at or at not less than such price or prices as the authority | 374 |
determines. In case any officer whose signature or a facsimile of | 375 |
whose signature, appears on any bonds, notes, or coupons ceases to | 376 |
be such officer before delivery of bonds or notes, such signature | 377 |
or facsimile shall nevertheless be sufficient for all purposes as | 378 |
if hethe officer had remained in office until such delivery, and | 379 |
in case the seal of the authority has been changed after a | 380 |
facsimile has been imprinted on such bonds or notes, such | 381 |
facsimile seal will continue to be sufficient for all purposes. | 382 |
(D) Any resolution or resolutions authorizing any bonds or | 383 |
notes or any issue thereof may contain provisions, subject to such | 384 |
agreements with bondholders or noteholders as may then exist, | 385 |
which provisions shall be a part of the contract with the holders | 386 |
thereof, as to: the pledging of any or all of the authority's | 387 |
revenues to secure the payment of the bonds or notes or of any | 388 |
issue thereof; the use and disposition of revenues of the | 389 |
convention facilities authority; a covenant to fix, alter, and | 390 |
collect rentals and other charges so that pledged revenues will be | 391 |
sufficient to pay costs of operation, maintenance, and repairs, | 392 |
pay principal of and interest on bonds or notes secured by the | 393 |
pledge of such revenues, and provide such reserves as may be | 394 |
required by the applicable resolution or trust agreement; the | 395 |
setting aside of reserve funds, sinking funds, or replacement and | 396 |
improvement funds and the regulation and disposition thereof; the | 397 |
crediting of the proceeds of the sale of bonds or notes to and | 398 |
among the funds referred to or provided for in the resolution | 399 |
authorizing the issuance of the bonds or notes; the use, lease, | 400 |
sale, or other disposition of any recreational facility or any | 401 |
other assets of the authority; limitations on the purpose to which | 402 |
the proceeds of sale of bonds or notes may be applied and the | 403 |
pledging of such proceeds to secure the payment of the bonds or | 404 |
notes or of any issue thereof; as to notes issued in anticipation | 405 |
of the issuance of bonds, the agreement of the authority to do all | 406 |
things necessary for the authorization, issuance, and sale of such | 407 |
bonds in such amounts as may be necessary for the timely | 408 |
retirement of such notes; limitations on the issuance of | 409 |
additional bonds or notes; the terms upon which additional bonds | 410 |
or notes may be issued and secured; the refunding of outstanding | 411 |
bonds or notes; the procedure, if any, by which the terms of any | 412 |
contract with bondholders or noteholders may be amended or | 413 |
abrogated, the amount of bonds or notes the holders of which must | 414 |
consent thereto, and the manner in which such consent may be | 415 |
given; limitations on the amount of moneys to be expended by the | 416 |
authority for operating, administrative, or other expenses of the | 417 |
authority; securing any bonds or notes by a trust agreement in | 418 |
accordance with section 351.16 of the Revised Code; any other | 419 |
matters, of like or different character, that in any way affect | 420 |
the security or protection of the bonds or notes. | 421 |
(3) The authority that provided financing under this section | 436 |
for a sports facility and that believes that a sports team has | 437 |
violated division (F)(2) of this section may bring an action | 438 |
against the owner of that sports team in a court of competent | 439 |
jurisdiction. If the court determines that the sports team has | 440 |
violated that division, the owner shall pay to the authority an | 441 |
amount equal to the amount of financing expended under this | 442 |
section for the construction of the sports facility. If the sports | 443 |
facility was constructed on behalf of more than one sports team, | 444 |
the owner shall pay an amount proportionate to the amount the | 445 |
sports team uses the sports facility in comparison to any other | 446 |
sports team that uses the sports facility on a regular basis. | 447 |
Sec. 351.26. (A) The board of directors of a convention | 448 |
facilities authority may adopt a resolution requesting the board | 449 |
of county commissioners of the county in which the convention | 450 |
facilities authority has its territory to propose the question of | 451 |
a tax to be levied pursuant to this section and section 4301.424 | 452 |
or sections 5743.026 and 5743.324 of the Revised Code for the | 453 |
purpose of construction or renovation of a sports facility. The | 454 |
board of directors shall certify a copy of the resolution to the | 455 |
board of county commissioners not later than one hundred five days | 456 |
prior to the day of the election at which the board of directors | 457 |
requests the board of county commissioners to submit the question | 458 |
of the tax. The resolution shall state the rate at which the tax | 459 |
would be levied, the purpose for which the tax would be levied, | 460 |
the number of years the tax would be levied, the section of the | 461 |
Revised Code under which the tax would be levied, and the date of | 462 |
the election at which the board of directors requests the board of | 463 |
county commissioners to submit the question of the tax, all of | 464 |
which are subject to the limitations of this section and section | 465 |
4301.424 or sections 5743.026 and 5743.324 of the Revised Code. | 466 |
Upon receiving a copy of such a resolution from the board of | 467 |
directors, the board of county commissioners shall adopt a | 468 |
resolution either approving or rejecting the proposal, and certify | 469 |
a copy of its resolution to the board of directors. If the board | 470 |
of county commissioners approves the proposal, the board of county | 471 |
commissioners shall propose the question of levying a tax pursuant | 472 |
to section 4301.424 of the Revised Code or pursuant to sections | 473 |
5743.026 and 5743.324 of the Revised Code, as specified in the | 474 |
board of directors' resolution, for the purpose of construction or | 475 |
renovation of a sports facility. | 476 |
"For the purpose of paying the costs of .......... | 481 |
(constructing or renovating) a sports facility, shall (an) excise | 482 |
tax(es) be levied by the .......... county for the convention | 483 |
facilities authority of .......... county at the rate of ...... | 484 |
(dollars on each gallon of spirituous liquor sold in the county by | 485 |
the Ohio division of liquor control, cents per gallon on the sale | 486 |
of beer at wholesale in the county, cents per gallon on the sale | 487 |
of wine and mixed beverages at wholesale in the county, or mills | 488 |
per cigarette on the sale of cigarettes at wholesale in the | 489 |
county), for ...... years? | 490 |
(3) The authority that provided financing under this section | 513 |
for a sports facility and that believes that a sports team has | 514 |
violated division (D)(2) of this section may bring an action | 515 |
against the owner of that sports team in a court of competent | 516 |
jurisdiction. If the court determines that the sports team has | 517 |
violated that division, the owner shall pay to the authority an | 518 |
amount equal to the amount of financing expended under this | 519 |
section for the construction of the sports facility. If the sports | 520 |
facility was constructed on behalf of more than one sports team, | 521 |
the owner shall pay an amount proportionate to the amount the | 522 |
sports team uses the sports facility in comparison to any other | 523 |
sports team that uses the sports facility on a regular basis. | 524 |
(1) For a cultural project other than a state historical | 529 |
facility, construction services may be provided on behalf of the | 530 |
state by the Ohio cultural facilities commission, or by a | 531 |
governmental agency or a cultural organization that occupies, will | 532 |
occupy, or is responsible for the Ohio cultural facility, as | 533 |
determined by the Ohio cultural facilities commission. For a | 534 |
project receiving a state appropriation of fifty thousand dollars | 535 |
or less, the Ohio cultural facilities commission may delegate to | 536 |
its executive director the authority to approve the provision of | 537 |
construction services by such an agency or organization, but not | 538 |
the authority to disapprove that provision. Construction services | 539 |
to be provided by a governmental agency or a cultural organization | 540 |
shall be specified in an agreement between the Ohio cultural | 541 |
facilities commission and the governmental agency or cultural | 542 |
organization. The agreement, or any actions taken under it, are | 543 |
not subject to Chapter 123. or 153. of the Revised Code, except | 544 |
for sections 123.081 and 153.011 of the Revised Code, and shall be | 545 |
subject to Chapter 4115. of the Revised Code. | 546 |
(2) For a cultural project that is a state historical | 547 |
facility, construction services may be provided by the Ohio | 548 |
cultural facilities commission or by a cultural organization that | 549 |
occupies, will occupy, or is responsible for the facility, as | 550 |
determined by the Ohio cultural facilities commission. For a | 551 |
facility receiving a state appropriation of fifty thousand dollars | 552 |
or less, the Ohio cultural facilities commission may delegate to | 553 |
its executive director the authority to approve the provision of | 554 |
construction services by such an organization, but not the | 555 |
authority to disapprove that provision. The construction services | 556 |
to be provided by the cultural organization shall be specified in | 557 |
an agreement between the Ohio cultural facilities commission and | 558 |
the cultural organization. That agreement, and any actions taken | 559 |
under it, are not subject to Chapter 123., 153., or 4115. of the | 560 |
Revised Code. | 561 |
(B) For an Ohio sports facility that is financed in part by | 562 |
obligations issued pursuant to Chapter 154. of the Revised Code, | 563 |
construction services shall be provided on behalf of the state by | 564 |
or at the direction of the governmental agency or nonprofit | 565 |
corporation that will own or be responsible for the management of | 566 |
the facility, all as determined by the Ohio cultural facilities | 567 |
commission. For a facility receiving a state appropriation of | 568 |
fifty thousand dollars or less, the Ohio cultural facilities | 569 |
commission may delegate to its executive director the authority to | 570 |
approve the provision of construction services by or at the | 571 |
direction of the agency or corporation, but not the authority to | 572 |
disapprove that provision. Any construction services to be | 573 |
provided by a governmental agency or nonprofit corporation shall | 574 |
be specified in an agreement between the Ohio cultural facilities | 575 |
commission and the governmental agency or nonprofit corporation. | 576 |
That agreement, and any actions taken under it, are not subject to | 577 |
Chapter 123. or 153. of the Revised Code, except for sections | 578 |
123.081 and 153.011 of the Revised Code, and shall be subject to | 579 |
Chapter 4115. of the Revised Code. | 580 |
(C) General building services for an Ohio cultural facility | 581 |
shall be provided by the Ohio cultural facilities commission or by | 582 |
a cultural organization that occupies, will occupy, or is | 583 |
responsible for the facility, as determined by the Ohio cultural | 584 |
facilities commission. For a facility receiving a state | 585 |
appropriation of fifty thousand dollars or less, the Ohio cultural | 586 |
facilities commission may delegate to its executive director the | 587 |
authority to approve the provision of general building services by | 588 |
such an organization, but not the authority to disapprove that | 589 |
provision. Alternatively, the Ohio building authority may elect to | 590 |
provide those services for Ohio cultural facilities financed with | 591 |
proceeds of state bonds issued by the authority. The costs of | 592 |
management and general building services shall be paid by the | 593 |
cultural organization that occupies, will occupy, or is | 594 |
responsible for the facility as provided in an agreement between | 595 |
the Ohio cultural facilities commission and the cultural | 596 |
organization, except that the state may pay for general building | 597 |
services for state-owned cultural facilities constructed on | 598 |
state-owned land. | 599 |
General building services for an Ohio sports facility shall | 600 |
be provided by or at the direction of the governmental agency or | 601 |
nonprofit corporation that will be responsible for the management | 602 |
of the facility, all as determined by the Ohio cultural facilities | 603 |
commission. For a facility receiving a state appropriation of | 604 |
fifty thousand dollars or less, the Ohio cultural facilities | 605 |
commission may delegate to its executive director the authority to | 606 |
approve the provision of general building services by or at the | 607 |
direction of the agency or corporation, but not the authority to | 608 |
disapprove that provision. Any general building services to be | 609 |
provided by a governmental agency or nonprofit corporation for an | 610 |
Ohio sports facility shall be specified in an agreement between | 611 |
the Ohio cultural facilities commission and the governmental | 612 |
agency or nonprofit corporation. That agreement, and any actions | 613 |
taken under it, are not subject to Chapter 123. or 153. of the | 614 |
Revised Code, except for sections 123.081 and 153.011 of the | 615 |
Revised Code, and shall be subject to Chapter 4115. of the Revised | 616 |
Code. | 617 |
(2) The Ohio cultural facilities commission has determined | 632 |
that, as an indication of substantial regional support for the | 633 |
cultural project, the cultural organization has made provision | 634 |
satisfactory to the Ohio cultural facilities commission, in its | 635 |
sole discretion, for local contributions amounting to not less | 636 |
than fifty per cent of the total state funding for the cultural | 637 |
project. For a project receiving a state appropriation of fifty | 638 |
thousand dollars or less, the Ohio cultural facilities commission | 639 |
may delegate to its executive director the authority to determine | 640 |
the adequacy of the regional support but only in the affirmative. | 641 |
(E) No state funds, including any state bond proceeds, shall | 650 |
be spent on the construction of any state historical facility | 651 |
under this chapter unless the general assembly has specifically | 652 |
authorized the spending of money on, or made an appropriation for, | 653 |
the construction of the state historical project related to the | 654 |
facility, or for rental payments relating to the financing of the | 655 |
construction of the state historical project. Authorization to | 656 |
spend money, or an appropriation, for planning the state | 657 |
historical project does not constitute authorization to spend | 658 |
money on, or an appropriation for, the construction of the state | 659 |
historical project. | 660 |
(2) As an indication of substantial local support for the | 675 |
facility, the Ohio cultural facilities commission has received a | 676 |
financial and development plan satisfactory to it, and provision | 677 |
has been made, by agreement or otherwise, satisfactory to the Ohio | 678 |
cultural facilities commission, for a contribution amounting to | 679 |
not less than eighty-five per cent of the total estimated | 680 |
construction cost of the facility, excluding any site acquisition | 681 |
cost, from sources other than the state. For a facility receiving | 682 |
a state appropriation of fifty thousand dollars or less, the Ohio | 683 |
cultural facilities commission may delegate to its executive | 684 |
director the authority to evaluate the financial and development | 685 |
plan and the contribution and to determine their adequacy but only | 686 |
in the affirmative. | 687 |
(3) The general assembly has specifically authorized the | 688 |
spending of money on, or made an appropriation for, the | 689 |
construction of the facility, or for rental payments relating to | 690 |
state financing of all or a portion of the costs of constructing | 691 |
the facility. Authorization to spend money, or an appropriation, | 692 |
for planning or determining the feasibility of or need for the | 693 |
facility does not constitute authorization to spend money on, or | 694 |
an appropriation for, costs of constructing the facility. | 695 |
(1) Motorsports events shall be presented at the facility | 709 |
pursuant to a lease entered into with the owner of the facility. | 710 |
The term of the lease shall be for a period of not less than the | 711 |
greater of the useful life of the portion of the facility financed | 712 |
from proceeds of state bonds as determined using the guidelines | 713 |
for maximum maturities as provided under divisions (B) and (C) of | 714 |
section 133.20 of the Revised Code, or the period of time | 715 |
remaining to the date of payment or provision for payment of | 716 |
outstanding state bonds allocable to costs of the facility, all as | 717 |
determined by the director of budget and management and certified | 718 |
by the director to the Ohio cultural facilities commission and to | 719 |
the treasurer of state. | 720 |
(3) If the state agency that provides the state funds | 747 |
described in division (I)(2) of this section believes that a | 748 |
sports team has violated that division, the state agency may bring | 749 |
an action against the owner in a court of competent jurisdiction. | 750 |
If the court determines that the sports team has violated that | 751 |
division, the owner shall pay to the state agency an amount equal | 752 |
to the amount of state funds expended for the construction of the | 753 |
Ohio sports facility. If the Ohio sports facility was constructed | 754 |
on behalf of more than one sports team, the owner or institution | 755 |
shall pay an amount proportionate to the amount the sports team | 756 |
uses the Ohio sports facility in comparison to any other sports | 757 |
team that uses the sports facility on a regular basis. | 758 |