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OH HB531
Bill
Status
Enrolled
12/5/2018
Primary Sponsor
Kirk Schuring
Click for details
AI Summary
- Removes the $1 million annual cap on sports event grants and increases the maximum grant amount from $500,000 to $2 million or the applicant's qualifying costs, whichever is less
- Creates a new Sports Event Grant Fund (Fund 5UY0) with a $10 million balance cap and appropriates $5 million from the General Revenue Fund to the fund
- Expands eligible sports to include baseball and modifies the definition of "game" to include related events such as player drafts and commemorations
- Requires grant recipients to submit qualifying cost documentation and allows the state to recoup grants if actual tax receipts or costs are less than projected amounts
- Establishes eligibility requirements including that events must not have been held in Ohio in the preceding two years and must either accept competitive bids or be one-time centennial commemorations of national football organizations
Legislative Description
Fund and remove limit on sports events grants
Taxation
Last Action
Concurred in Senate amendments
12/6/2018
Committee Referrals
Finance9/25/2018
Government Accountability and Oversight3/6/2018
Full Bill Text
No bill text available