Ohio Statutes

§ 703.372 — Unvoted debt

Ohio § 703.372
JurisdictionOhio
Title 7Municipal Corporations
Ch. 703Classification

This text of Ohio § 703.372 (Unvoted debt) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ohio Rev. Code Ann. § 703.372 (2026).

Text

Except as expressly provided in sections703.377and703.378of the Revised Code, the township or townships into which the territory of a village is dissolved do not assume the voted debts, obligations, or liabilities of the village. Unvoted debt serviced by property taxes levied within the ten-mill limitation shall be assumed by the township or townships into which the territory of the village is dissolved in proportion to the total assessed valuation of territory that each township has within the former boundaries of the dissolved village as compared to the total assessed valuation of all territory within the former boundaries of the dissolved village. For the purpose of this section, the total assessed valuation of village territory shall be determined based on the tax year in which the di

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Legislative History

Effective: April 30, 2024 | Latest Legislation: House Bill 101 - 135th General Assembly

Nearby Sections

15
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Bluebook (online)
Ohio § 703.372, Counsel Stack Legal Research, https://law.counselstack.com/statute/oh/703.372.