Read the full stored bill text
As Introduced
136th
General Assembly
Regular
Session
S. B. No. 372
2025-2026
Senator Schaffer
To
enact section
126.17
of the Revised Code
to
require the Director of Budget and Management to establish and
administer a centralized reporting system for financial status
reports regarding public money provided through a grant or loan
program, or through an economic development program, a workforce
development program, or a public assistance program.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:
Section
1.
That
section
126.17
of the Revised Code be enacted to read as follows:
Sec.
126.17.
(A)
As used in this section:
"Direct
cost" means a cost that can be identified specifically with a
particular final cost objective or that can be directly assigned to
such activities relatively easily with a high degree of accuracy.
"Indirect
cost" means a cost that is not readily identified with a
particular project, function or activity, but is necessary for the
general operation of the organization, and a cost not directly
identified with a single, final cost objective, but identified with
two or more final cost objectives or an intermediate cost objective.
"Public
money" has the same meaning as in section 117.01 of the Revised
Code.
"Recipient"
means a nongovernmental entity that receives public money from the
state in the form of a grant, loan, or loan guarantee, or a contract
with the state or a state agency when the contract is entered in
furtherance of an economic development program, workforce development
program, or public assistance program. "Recipient" does not
include an individual who receives state assistance that is not
related to the individual's business.
(B)
The director of budget and management shall establish and administer
a centralized reporting system to assist the state in oversight of
public funds, in evaluation of the effectiveness of grant and loan
programs, and the value of state contracts. The system shall be
operational not later than one year after the effective date of this
section. The centralized reporting system shall include information
regarding public money that has been provided to a recipient through
a grant or loan program, or through a contract when the contract is
entered in furtherance of an economic development program, workforce
development program, or public assistance program.
(C)
A recipient shall comply with the reporting requirements established
under this section, with respect to each advance of public money that
is received on or after the date that is one year after the effective
date of this section. A recipient annually shall provide to the
director, not later than the first day of February, a report that
provides all of the following:
(1)
An accounting of the expenditure of public money by a recipient,
which shall separately identify any amount expended by vendor and
items purchased to directly benefit the public, and the amount of
indirect costs;
(2)
A project progress report;
(3)
Confirmation that the recipient is in compliance with any applicable
laws or regulations.
(D)
A state agency shall inform a recipient of the requirements of this
section, and shall provide the name and contact information of each
recipient, the amount of public money advanced to the recipient, and
other project-identifying information to the director of budget and
management.
(E)
A recipient shall provide the awarding state agency or its designee
with access to the recipient's facilities during normal business
hours for purposes of conducting a compliance review.
(F)
No person shall knowingly fail to file a report required by this
section. Whoever violates this division is guilty of a minor
misdemeanor.
(G)
No person shall knowingly provide falsified information in a report
submitted under this section. Whoever violates this division shall be
fined one hundred fifty dollars on the first offense and one thousand
dollars on each subsequent offense.