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66 chapters · 2,424 sections in this title.
Ohio Rev. Code Ann. § 122.87 Minority business bonding program definitions
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As used in sections 122.87 to 122.90 of the Revised Code: (A) "Surety company" means a company that is authorized by the department of insurance to issue bonds as surety. (B) "Minority business" means any of the following occupations: (1) Minority construction contractor; (2) Min…
Ohio Rev. Code Ann. § 122.88 Minority business bonding fund - minority business bonding program administrative and loss reserve fund
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(A) There is hereby created in the state treasury the minority business bonding fund, consisting of moneys deposited or credited to it pursuant to section 169.05 of the Revised Code; all grants, gifts, and contributions received pursuant to division (B)(9) of section 122.74 of th…
Ohio Rev. Code Ann. § 122.89 Executing bonds as surety
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(A) The director of development may execute bonds as surety for minority businesses as principals, on contracts with the state, any political subdivision or instrumentality thereof, or any person as the obligee. The director as surety may exercise all the rights and powers of a c…
Ohio Rev. Code Ann. § 122.90 Guarantee of bonds executed by sureties for minority businesses and EDGE business enterprises
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(A) The director of development may guarantee bonds executed by sureties for minority businesses and EDGE business enterprises certified under section 122.922 of the Revised Code as principals on contracts with the state, any political subdivision or instrumentality, or any perso…