Ohio § 742.61
Full text of Ohio Ohio Revised Code § 742.61, with citation guidance and answers to common questions.
§ 742.61.
The treasurer of state shall be the custodian of all funds under the control and management
of the board of trustees of the Ohio police and fire pension fund, and all disbursements
of such funds shall be paid by the treasurer of state only upon instruments duly authorized
by the board and bearing the signatures of the chairperson and secretary of the board. The signatures of the chairperson and secretary may be facsimile signatures. The treasurer of state shall give a separate and additional bond in such amount as
is fixed by the board, conditioned upon the faithful performance of the treasurer
of state's duties as custodian of the funds under the control and management of the
board and to be executed by a surety company selected by the board that is authorized
to transact business in this state. Such bond shall be deposited with the secretary of state and kept in the secretary
of state's office. The board may require the treasurer of state to give other and additional bonds,
as the funds under the control and management of the board increase, in such amounts
and at such times as are fixed by the board, which additional bonds shall be conditioned,
filed, and executed as is provided for the original bond of the treasurer of state
covering the funds under the control and management of the board. The premium on all bonds shall be paid by the board. The treasurer of state shall deposit any portion of the funds under the control and
management of the board not needed for immediate use in the same manner as state funds
are deposited, and subject to all provisions of law with respect to the deposit of
state funds, by the treasurer of state, and all interest earned on such funds so deposited
shall be collected by the treasurer of state and placed to the credit of the board.
Frequently Asked Questions About Ohio § 742.61
What does Ohio Revised Code § 742.61 cover?
Section 742.61 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 § 742.61?
A common citation format is "Ohio Revised Code § 742.61" (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 § 742.61 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.