Allow port authorities to establish a Common Bond Fund Program

SB 15 allows Ohio port authorities to create a "Common Bond Fund Program" to finance port facilities. This program enables port authorities to pool funds, use credit enhancements (like financial guarantees), and manage cash reserves to improve the creditworthiness of their bonds. The bill directly affects port authorities by giving them a new tool to secure financing for infrastructure projects like docks and warehouses. It requires board resolutions to establish the program and governs how funds are managed through bond proceedings, without changing existing port authority powers.