Loading chat...

OH HB409

Bill

Official Source

Status

Introduced

1/13/2010

Primary Sponsor

Mike Foley

Click for details

Origin

House of Representatives

128th General Assembly (2009-2010)

AI Summary

  • Enacts section 731.60 of the Revised Code to permit municipal corporations to maintain deficits in special funds
  • Requires a pending request for payment from state or federal government sufficient to cover the deficit amount with reasonable likelihood of payment
  • Requires the municipal corporation's general fund unspent and unencumbered balance to exceed the aggregate of all special fund deficits

Legislative Description

To authorize municipal corporations to have a deficit in special funds under certain circumstances.

Municipal corporations-allow deficits in special funds

Last Action

To Local Government/Public Administration

1/13/2010

Full Bill Text

No bill text available