The Ohio Enterprise Bond Fund (Ohio)

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Last modified on February 12, 2015.

EZFeed Policy

Place Ohio


   
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
Active Policy Yes

Implementing Sector State/Province








Start Date 1988


Funding Source Ohio Treasurer of State




Maximum Incentive $10 million










Program Administrator Ohio Department of Development
Primary Website http://www.ohiotreasurer.gov/investor/ohio_enterprise_bond_fund



Last Review 2014-09-15


Information Source http://www.development.ohio.gov/bs/bs_busgrantsloans.htm


Summary

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
Date Effective 2003-07-09


















References