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OH HJR12
Joint Resolution
Status
1/13/2010
Primary Sponsor
Denise Driehaus
Click for details
AI Summary
HJR 12 Summary
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Proposes constitutional amendment to Section 2p of Article VIII authorizing issuance of additional general obligation bonds for research and development purposes supporting Ohio industry, commerce, and business.
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Increases authorized research and development bond issuance from $500 million to $1.2 billion total, with $450 million available from fiscal years 2006-2011, $225 million in fiscal year 2012, and $175 million annually thereafter.
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Requires independent reviewers to evaluate proposed research and development projects and recommends state agencies notify legislative leaders when rejecting reviewer recommendations.
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Permits bond proceeds to fund research and product innovation, commercialization efforts, intellectual property matters, endowed research chairs, and collaboration among businesses, educational institutions, and research organizations.
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Scheduled for voter approval at special election on May 4, 2010, with amendment taking effect immediately upon adoption by majority of voting electors.
Legislative Description
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Last Action
Concurrence
2/3/2010