Bid Bond Or Performance Bond Bid Bond Performance Bond E Refundment Bond | Performance Bond Third Party Beneficiary

4501-1-07 Performance bond.

The director shall not issue a license to any person and may revoke, suspend, or take other appropriate action on any license held by any person who does not have or does not maintain in effect a performance bond in the amount of not less than $1,000 for each and every school bus operated under contract with the a school by the licensee.

Five Year Review (FYR) Dates: 10/16/2017 and 10/01/2022
Promulgated Under: 119.03
Statutory Authority: 4511.76
Rule Amplifies: 4511.76 , 4511.763
Prior Effective Dates: 10/21/1966, 04/01/1998, 05/22/2003, 01/01/2008

Prior History: (R.C. 119.032 review dates: 11/26/2012 and 10/16/2017
Promulgated Under: 119.03
Statutory Authority: R.C. 4511.76
Rule Amplifies: R.C. 4511.76 , R.C. 4511.763
Prior Effective Dates: 10/21/66, 4/1/98, 5/22/03, 1/1/08 )