Ohio Code 5117.22 – Energy oil overcharge fund
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All petroleum violation escrow funds received by this state from the federal government shall be deposited in the state treasury to the credit of the energy oil overcharge fund, which is hereby created. The fund shall be used by the development services agency for energy conservation and assistance programs approved by the United States department of energy. All investment earnings of the fund shall be credited to the fund.
Terms Used In Ohio Code 5117.22
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- state: means the state of Ohio. See Ohio Code 1.59
- United States: includes all the states. See Ohio Code 1.59