Ohio Code § 5540.09
Ohio Code § 5540.09. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5540.09.
(A) The bonds do not constitute a debt, or a pledge of the faith and credit, of the state
or of any political subdivision of the state. Bond service charges on outstanding bonds are payable solely from the pledged revenues
pledged for their payment as authorized by this chapter and as provided in the bond
proceedings. All bonds shall contain on their face a statement to that effect. (B) All expenses incurred in carrying out this chapter shall be payable solely from revenues
provided under this chapter. Except as provided in Section 515.03 of H.B. 66 of the 126th General Assembly, this
chapter does not authorize the board of trustees of a district to incur indebtedness
or liability on behalf of or payable by the state or any political subdivision of
the state.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5540.09
- 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 § 5540.09?
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 § 5540.09 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 § 5540.09 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Statutes are amended, repealed, and renumbered every session.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.