Ohio Code § 5549.021
Ohio Code § 5549.021. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5549.021.
(A) A board of township trustees may purchase machinery, tools, trucks, and other equipment
for use in constructing, maintaining, and repairing roads and, subject to Chapter
133. of the Revised Code, may issue for that purpose general obligation bonds of the
township for which the full faith and credit of the township shall be pledged. (B) A board of township trustees may enter into a lease for machinery, tools, trucks,
and other equipment for use in constructing, maintaining, and repairing roads, including
a lease with an option to purchase. Any lease with an option to purchase shall require the board to pay a cash down
payment of at least three-twentieths of the total cost. If the board sells used equipment as part of a lease with option to purchase, the
cash down payment may be reduced by the amount of the selling price of the used equipment. A lease with an option to purchase may be entered into only with the lowest responsive
and responsible bidder of the equipment after advertising for bids in the manner provided
in section 5575.01 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5549.021
- 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 § 5549.021?
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 § 5549.021 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 § 5549.021 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Statutes are amended, repealed, and renumbered every session.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.