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OH HB1
Bill
Status
2/18/2011
Primary Sponsor
Jim Buchy
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AI Summary
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Authorizes the Governor to establish JobsOhio, a nonprofit corporation to promote economic development, job creation, job retention, job training, and business recruitment in Ohio
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Creates a board of directors consisting of the Governor and eight appointed directors with financial expertise requirements; directors serve without compensation except reimbursement for expenses
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Establishes that JobsOhio is not a state agency for purposes of ethics, open meetings, and public records laws, though certain officers must file financial disclosure statements with the Ohio Ethics Commission
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Requires the Director of Development to contract with JobsOhio for economic development services; JobsOhio cannot execute contracts for loans, grants, or tax incentives but may advise on these matters
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Appropriates up to $1,000,000 from the Department of Development's fiscal year 2011 General Revenue Fund for JobsOhio's transition and start-up costs
Legislative Description
To authorize the Governor to form a nonprofit corporation that would perform such state economic development functions as directed by law and pursuant to a contract with the Department of Development, and to make an appropriation.
JobsOhio-Governor may create as economic development corporation
Last Action
Effective Date
2/18/2011