Ohio Code § 505.701
Ohio Code § 505.701. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 505.701.
The board of trustees of any township, through unanimous vote of its membership, may
designate, participate in, and cooperate with any community improvement corporation
organized under Chapter 1724. of the Revised Code and may give financial or other
assistance, including any fees generated by the corporation, to that corporation to
defray the expenses of the corporation. The corporation may use the board's contributions for any of its functions under
Chapter 1724. of the Revised Code subject to any limitations as may be provided by
resolution of the board of trustees. Any moneys contributed by the board to the corporation shall be drawn from the general
fund of the township not otherwise appropriated. In addition, the board may purchase real property for the purpose of transferring
that property to the community improvement corporation. In order to finance the purchase of that real property, the board may issue general
obligation bonds of the township in accordance with Chapter 133. of the Revised Code,
for which the full faith and credit of the township shall be pledged.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 505.701
- 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 § 505.701?
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 § 505.701 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 § 505.701 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Statutes are amended, repealed, and renumbered every session.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.