Loading chat...
OH SB314
Bill
Status
9/28/2012
Primary Sponsor
Kevin Bacon
Click for details
AI Summary
SB 314 Summary
-
Renames the Department of Development to the "Development Services Agency" and the "Director of Development" to the "Director of Development Services" throughout Ohio law.
-
Establishes the Office of TourismOhio within the Development Services Agency with a director-level position, creates a TourismOhio Advisory Board, and implements a five-year pilot program (2014-2018) to fund travel and tourism marketing through sales tax revenue growth in tourism-related industries, capped at $10 million annually (adjusted annually for inflation).
-
Modifies JobsOhio operations by requiring annual ethics training, ethical conduct statements, and a gift policy for all officers and employees; limits initial contracts with the agency to one fiscal biennium with 120-day notice required before non-renewal.
-
Allows transfers from the Minority Business Enterprise Loan Fund to the Capital Access Loan Program Fund for minority business enterprises; permits tax credit projects started before formal approval if recommended by JobsOhio and the director within six months; and expands historic rehabilitation tax credit eligibility to include qualified lessees.
-
Terminates the Water and Sewer Commission and Development Financing Advisory Council; requires public disclosure of project information for state-funded financial assistance awards; establishes an annual $50 million debt service limitation on project financing obligations; and increases Third Frontier Commission membership from nine to eleven members.
Legislative Description
To rename the Department of Development the "Development Services Agency"; to establish the Office of TourismOhio within the Development Services Agency, create the TourismOhio Advisory Board, and establish a pilot program to test a new funding mechanism for the state's travel and tourism marketing; to modify the operation of JobsOhio, including by requiring annual ethics training, ethical conduct statements, and the development of a gift policy; to makes changes to the Capital Access Loan Program Fund and to allow transfers to the Capital Access Loan Program Fund from the Minority Business Enterprise Loan Fund; to provide for projects that were started prior to receiving a tax credit from the Ohio Tax Credit Authority; to modify reporting requirements under the Voluntary Action Program; to require the Director of Development Services to administer federal funds received for Brownfields revitalization purposes; to terminate the Water and Sewer Commission; to terminate the Development Financing Advisory Council; to require the Director of Development Services to make certain information available to the public with respect to each project for which state-funded financial assistance is awarded by the Development Services Agency; to expand eligibility for the historic rehabilitation tax credit; to establish an annual debt service limitation on project financing obligations issued for certain economic development programs; and to increase the membership of the Third Frontier Commission.
Development functions-revisions
Last Action
Effective Date
9/28/2012