Ohio Code § 507.03
Ohio Code § 507.03. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 507.03.
Except as otherwise provided in section 3.061 of the Revised Code , the township fiscal officer, before entering upon the discharge of official duties,
shall give a bond, payable to the board of township trustees, with sureties approved
by the board, in the sum determined by the board but not less than the sum provided
in this section, and conditioned for the faithful performance of the duties of the
office of township fiscal officer. This bond shall be recorded by the township fiscal officer, filed with the county
treasurer, and carefully preserved. The minimum sum of the township fiscal officer's bond shall be as follows: (A) In a township with a budget of fifty thousand dollars or less, ten thousand dollars; (B) In a township with a budget of more than fifty thousand dollars but not more than
one hundred thousand dollars, thirty-five thousand dollars; (C) In a township with a budget of more than one hundred thousand dollars but not more
than two hundred fifty thousand dollars, sixty thousand dollars; (D) In a township with a budget of more than two hundred fifty thousand dollars but not
more than five hundred thousand dollars, eighty-five thousand dollars; (E) In a township with a budget of more than five hundred thousand dollars but not more
than seven hundred fifty thousand dollars, one hundred ten thousand dollars; (F) In a township with a budget of more than seven hundred fifty thousand dollars but
not more than one million five hundred thousand dollars, one hundred thirty-five thousand
dollars; (G) In a township with a budget of more than one million five hundred thousand dollars
but not more than three million five hundred thousand dollars, one hundred sixty thousand
dollars; (H) In a township with a budget of more than three million five hundred thousand dollars
but not more than six million dollars, one hundred ninety-five thousand dollars; (I) In a township with a budget of more than six million dollars but not more than ten
million dollars, two hundred twenty thousand dollars; (J) In a township with a budget of more than ten million dollars, two hundred fifty thousand
dollars.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 507.03
- 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 § 507.03?
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 § 507.03 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 § 507.03 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.