Rule 4501-1-07. Performance bond

119.03 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 a school by the licensee. Last updated October 20, 2025 at 10:32 AM Supplemental Information Authorized By: R.C. 4511.76 Amplifies: R.C. 4511.76 , R.C. 4511.763 9/1/2030 4/1/1998