Volume Cap is the maximum tax exempt bond that can be issued in Ohio annually.
The program is meant for public/private collaboration. Each state has its rules on how allocations are applied annually to qualified purposes. The state can issue allocations to qualified governmental entities.
The intent of the program is to provide assistance to industrial development projects, redevelopment projects, agricultural projects, homeownership financing projects, multi-family housing development and various other special project uses, such as solid waste disposal, mass commuting and environmental enhancement projects, commonly referred to as exempt facilities.
Office of Strategic Business Investments, Keena Ridley, (614) 466-4273
Ohio's state ceiling for calendar year 2015 is $1,159,416,300
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