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.
Ohio Rev. Code Ann. § 503.10
Apportionment of indebtedness
Applied in 1 court decision — leading case 112 Ohio App. 3d 255 - City of Hamilton v. Fairfield Township (1996)
Most recently applied in 112 Ohio App. 3d 255 - City of Hamilton v. Fairfield Township (July 1996)
Effective: July 26, 1982; Latest Legislation: House Bill 77 - 114th General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.