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Ohio Autism Scholarship Program Bond

Ohio Autism Scholarship Program Bond

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Who Requires the Autism Scholarship Program Bond and Why Is It Needed?

The Autism Scholarship Program Bond is required for entities making application to the Ohio Department of Education to conduct business provided for in Section 3310.41 of The Revised Code of Ohio and Chapter 3301-103 of the Ohio Administrative Code.

A surety bond is one of three options available to them to fulfill one of the capacity requirements. The amount of the bond is based on 1/12th of the funds the provider received from the scholarship for the prior year with a minimum of $10,000 and a maximum of $250,000. Providers that own multiple locations can choose to get a bond for each location or a single bond covering all of their locations.

 

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Ohio Autism Scholarship Program Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What Does the Bond Protect Against?

The bond protects the Ohio Department of Education from damages associated with bond violations. The surety bond also ensures that all owners, members, directors, officers, agents or employees comply with all requirements outlined in the Code. 




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