Sub. S.B. No. 1 Summary

• Implements debt authority for conservation and revitalization programs under Ohio Constitution Article VIII, Section 2q by increasing bonding limits from $200 million to $400 million for conservation projects and from $200 million to $400 million for revitalization projects.

• Authorizes issuance of up to $100 million in additional debt obligations for clean Ohio revitalization programs and up to $100 million for clean Ohio conservation programs, increasing prior authorization amounts from $40 million to $100 million.

• Increases technology investment tax credit cap from $30 million to $45 million and modifies the Edison venture capital program requirements for investor eligibility.

• Appropriates $50 million for Board of Regents co-op/internship programs, $85 million for Department of Development jobs programs (logistics infrastructure, bioproducts, and biomedical), and allocates funds for broadband initiative projects through local infrastructure development grants.

• Creates local infrastructure development fund for broadband initiatives with $750,000 initial allocation per county and per capita distribution of remaining funds; requires economic development projects to provide training opportunities for unemployed and underemployed persons.