Ohio § 5549.021
Full text of Ohio Ohio Revised Code § 5549.021, with citation guidance and answers to common questions.
§ 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 .
Frequently Asked Questions About Ohio § 5549.021
What does Ohio Revised Code § 5549.021 cover?
Section 5549.021 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 § 5549.021?
A common citation format is "Ohio Revised Code § 5549.021" (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 § 5549.021 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.