As Introduced

133rd General Assembly

Regular Session H. B. No. 98

2019-2020

Representatives Jones, Cera

Cosponsors: Representatives Edwards, Riedel, Stein, Cross, Smith, R., West, Miller, A., Patterson, Wilkin, Hillyer

A BILL

To enact section 122.26 of the Revised Code to reinstate the rural industrial park loan fund and to make an appropriation.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:

Section 1. That section 122.26 of the Revised Code be enacted to read as follows:

Sec. 122.26. The rural industrial park loan fund is hereby created in the state treasury for the purposes of the program established under section 122.24 of the Revised Code. The director of development services shall deposit money received for the purposes of that section to the credit of the fund.

Section 2. All items in this section are hereby appropriated as designated out of any moneys in the state treasury to the credit of the designated fund. For all appropriations made in this act, those in the first column are for fiscal year 2020 and those in the second column are for fiscal year 2021. The appropriations made in this act are in addition to any other appropriations made for the FY 2020-FY 2021 biennium.

DEV DEVELOPMENT SERVICES AGENCY

Facilities Establishment Fund Group

4Z60 195647 Rural Industrial
Park Loan $ 25,000,000 $ 0

TOTAL FEF Facilities Establishment
Fund Group $ 25,000,000 $ 0

TOTAL ALL BUDGET FUND GROUPS $ 25,000,000 $ 0

TRANSFER FROM THE FACILITIES ESTABLISHMENT FUND

Notwithstanding Chapter 166. of the Revised Code, on July 1, 2019, or as soon as possible thereafter, $25,000,000 in cash shall be transferred from the Facilities Establishment Fund (Fund 7037) to the Rural Industrial Park Loan Fund (Fund 4Z60). The transfer is subject to Controlling Board approval under section 166.03 of the Revised Code.

Section 3. Within the limits set forth in this act, the Director of Budget and Management shall establish accounts indicating the source and amount of funds for each appropriation made in this act, and shall determine the form and manner in which appropriation accounts shall be maintained. Expenditures from appropriations contained in this act shall be accounted for as though made in the main operating appropriations act of the 133rd General Assembly.

The appropriations made in this act are subject to all provisions of the main operating appropriations act of the 133rd General Assembly that are generally applicable to such appropriations.