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OH HB273
Bill
Status
6/21/2011
Primary Sponsor
John Adams
Click for details
AI Summary
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Department of Development must post on its website information on all state economic development awards, including compliance reports on recipients meeting the terms, conditions, and performance metrics of their awards.
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Department of Development must maintain a searchable public database of reports submitted by award recipients and award agreements received on or after the bill's effective date, with trade secrets and confidential information redacted.
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Director of Development must include in annual reports to the General Assembly information on all state economic development awards and recipient compliance levels, using the same definition of "state award for economic development" as specified in the bill.
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Attorney General's responsibility to monitor economic development award recipient compliance and submit annual compliance reports to the General Assembly is eliminated and transferred to the Department of Development.
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"State award for economic development" is defined to include grants, loans, cooperative agreements, contracts, and similar financial assistance, but excludes employee compensation and assistance from the legislature, courts, or constitutional officers.
Legislative Description
To require the Department of Development to report economic development award information to the General Assembly and the public and to remove the responsibility of the Attorney General to publish economic development award reports.
Department of Development-report economic development award information
Last Action
To Economic & Small Business Development
6/21/2011