Make capital appropriations for the biennium ending June 30, 2028

Summary

The measure amends state law to allow the Ohio Public Facilities Commission to issue bonds and create bond service funds for paying the costs of acquiring, building, renovating, and equipping capital facilities that the General Assembly approves. It defines terms such as bond proceedings, capital facilities, and debt service, setting out how the borrowing and repayment will work. This provides the legal framework for financing state infrastructure through borrowing.

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