Ohio Rev. Code » Chapter 507
Ohio Revised Code

Ohio Rev. Code § 507.03 (2026)

Bond

✓ current as of May 2026
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Effective:
March 20, 2019
Latest Legislation:
House Bill 291 - 132nd General Assembly
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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.
Notes of Decisions
Cited in 5 cases, 1982–2019 · leading case: State v. Franklin, 2019 Ohio 1513 (Ohio Ct. App. 2019).
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State v. Franklin, 2019 Ohio 1513 (Ohio Ct. App. 2019). · cites it 2× “Ohio Jury Instructions, CR Section 507.03 (Rev. Mar. 5, 2016). Mr. Franklin has not shown how a consent instruction would have even been appropriate in this case.”
Sugarcreek Twp. v. City of Centerville, 921 N.E.2d 655 (Ohio Ct. App. 2009). “In view of these facts, what should logically occur if a municipal corporation annexes property in a township pursuant to a type-2 annexation procedure, thereby leaving the property in the township? D.”
In Re Ohio Corrugating Co., 115 B.R. 572 (Bankr. N.D. Ohio 1990). “See, 3 Collier on Bankruptcy § 507.03[3][e] (15th Ed.1989). Congress then enacted 11 U.”
In Re Boyd, 25 B.R. 1003 (Bankr. S.D. Ohio 1982). “The State of Ohio, however, argues that Congress did not intend for sales taxes not to be considered within the category of § 507(a)(6)(C) “trust fund” taxes and quotes the following from Senate Report 95-1106 (1978) in support of that proposition: “Taxes (not covered by the…”
State v. Miller, 2014 Ohio 261 (Ohio Ct. App. 2014). · cites it 2× “7-11-02, 2012-Ohio-406, ¶ 11 , citing 2 Ohio Jury Instructions, Section 507.03, at 10 (2011) and State v.”
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