The Ohio Enterprise Bond Fund (Ohio)
Last modified on February 12, 2015.
|Applies to States or Provinces||Ohio|
|Name||The Ohio Enterprise Bond Fund (Ohio)|
|Policy Category||Financial Incentive|
|Policy Type||Bond Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wave Energy, Wind energy|
|Funding Source||Ohio Treasurer of State|
|Maximum Incentive||$10 million|
|Program Administrator||Ohio Department of Development|
The Ohio Enterprise Bond Fund (OEBF) was created in 1988 to promote economic development, create and retain quality jobs and assist governmental operations. The program enables non-profit and for-profit borrowers to access the national capital markets through bonds issued through OEBF. The program is administered by the Ohio Department of Development and financing is provided by the Ohio Treasurer of State.
The Ohio Enterprise Bond Fund may provide financing up to 90 percent of the total eligible project costs that are directly related to the fixed-asset purchase. The minimum borrowing amount is $1.5 million and the maximum amount is $10 million.
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Ohio Constitution, Article VIII, Section 2i|
|Date Effective||Nov. 5, 1968|
|Authority 2:||Ohio Revised Code, Chapter 166|