Ohio § 5540.09
Full text of Ohio Ohio Revised Code § 5540.09, with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Ohio § 5540.09
What does Ohio Revised Code § 5540.09 cover?
Section 5540.09 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5540.09?
A common citation format is "Ohio Revised Code § 5540.09" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5540.09 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.