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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 503.10 | Apportionment of indebtedness.

Ohio Revised Code
/
Title 5 Townships
/
Chapter 503 General Provisions
 
Effective:
July 26, 1982
Latest Legislation:
House Bill 77 - 114th General Assembly
PDF:
Download Authenticated PDF
 

Before entering an order as provided by section 503.09 of the Revised Code, creating a new township, the board of county commissioners shall first ascertain and apportion the amount of existing indebtedness of the original township between the new township and the municipal corporation eliminated from the township. Such apportionment shall be made in proportion to the tax duplicates of the respective territories subject to levy, in order to provide for the payment of such indebtedness. After such an order is entered the respective subdivisions shall assume full responsibility for the levying and collecting of taxes for the payment of such indebtedness.

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