S.B. 185 Summary

• Enacts section 126.231 requiring a 90-day advance notice period before the Director of Budget and Management can transfer cash from non-General Revenue Funds to the General Revenue Fund, with notice delivered to the governor, legislative leaders, and media.

• Prohibits cash transfers from any fund that includes donations as a revenue source to the General Revenue Fund.

• Amends section 127.14 to add funds containing donations to the list of funds from which the Controlling Board cannot authorize cash balance transfers to the General Revenue Fund.

• Modifies section 512.60 of Am. Sub. H.B. 1 to require any cash transfers from non-General Revenue Funds during fiscal years 2010-2011 to comply with the new 90-day notice requirement in section 126.231 and to exclude donation-funded accounts.

• The amendments take effect immediately upon enactment as they are exempt from referendum requirements under the Ohio Constitution.