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OH HB503
Bill
Status
3/25/2014
Primary Sponsor
Armond Budish
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AI Summary
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Appropriates $250,000 for fiscal year 2014 and $250,000 for fiscal year 2015 to the Board of Regents Co-op/Internship Program from the General Revenue Fund.
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Requires the Chancellor of the Board of Regents to establish and administer a business plan competition for students enrolled at state institutions of higher education.
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Winners of the competition receive a $50,000 award upon submitting a business plan that leads to establishment of a business in Ohio.
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Awards are contingent on students providing documentation to the Chancellor (such as articles of incorporation or other business filings with the Ohio Secretary of State) proving a business has been established.
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Unawarded or unencumbered funds from fiscal year 2014 are reappropriated for the same purpose in fiscal year 2015.
Legislative Description
To require the Chancellor of the Board of Regents to establish a competition for the development of successful business plans for students enrolled at state institutions of higher education and to make an appropriation.
College students-competetion for successful business plan
Last Action
To Finance and Appropriations
3/25/2014