OH HB403

Enacts sections 9.58-9.584 of the Revised Code to regulate financing of eligible capital improvement projects in Ohio by other states or their political subdivisions.

Defines "eligible project" as any capital improvement in Ohio for transportation, economic development, housing, health care, recreation, education, government operations, culture, research, or constitutional purposes.

Requires foreign entities (other states or their subdivisions) to notify the relevant port authority or county within two business days of expressing interest in financing a project and provide written confirmation that financing meets federal tax-exempt bond requirements and reciprocal conditions.

Mandates that foreign entities financing projects without compliance pay 75% of their fees to the port authority or county, or the full amount the port authority or county would have charged if greater.

Authorizes the director of development services, port authority, or county to seek injunctive relief against non-compliant foreign entities, with any resulting injunction having statewide effect.