Ohio Code § 501.07
Ohio Code § 501.07. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 501.07.
Lands described in division (A) of section 501.06 of the Revised Code shall continue to be leased under the terms granted until such time as the lease
may expire. At the time of expiration, subject to section 501.04 of the Revised Code , the land may be leased again by the board of education of the school district for
whose benefit the land has been allocated or be offered for sale by public auction
or by the receipt of sealed bids with the sale awarded by the school board to the
highest bidder. Prior to the offering of these lands for sale, the school board shall have an appraisal
made of these lands by at least two disinterested appraisers. Notification of the sale of these lands, including the minerals in or on these or
other lands, shall be advertised once a week for two consecutive weeks using at least
one of the following methods: (A) In the print or digital edition of a newspaper of general circulation in the county
in which the land is located; (B) On the official public notice web site established under section 125.182 of the Revised Code ; (C) On the web site and social media account of the township. No bids shall be accepted for less than the appraised value of the land.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 501.07
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 501.07?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 501.07 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 501.07 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.