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OH SB148

Bill

Official Source

Status

Introduced

6/18/2009

Primary Sponsor

Nina Turner

Click for details

Origin

Senate

128th General Assembly (2009-2010)

AI Summary

  • Enacts section 731.60 of the Revised Code to permit municipal corporations to carry deficits in special funds under specified conditions

  • Requires a pending request for payment from state or federal government sufficient to cover the deficit amount with reasonable likelihood of payment

  • Requires the municipality's general fund unspent and unencumbered balance to exceed the total aggregate of all deficits in special funds

Legislative Description

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

Municipality special funds-allow deficits-certain circumstances

Last Action

To Ways & Means & Economic Development

6/18/2009

Full Bill Text

No bill text available