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OH HB654
Bill
Status
5/15/2018
Primary Sponsor
Ryan Smith
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AI Summary
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Appropriates $23,299,717 in supplemental funds for fiscal year 2019 to the Auditor of State for distributions to fiscally distressed political subdivisions
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Transfers $23,299,717 from the Budget Stabilization Fund to a newly created Fiscal Watch/Emergency Fund (5SM0) on or after July 1, 2018
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Distributes funds to 29 specified political subdivisions categorized as fiscal emergency entities (17 entities), fiscal watch entities (1 entity), or fiscal caution entities (11 entities), with amounts ranging from $4,564 to $5,767,484
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Designates the Director of Budget and Management to establish accounts tracking fund sources and amounts, with expenditures accounted for under H.B. 49 of the 132nd General Assembly
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Makes appropriations subject to all applicable provisions of H.B. 49 of the 132nd General Assembly
Legislative Description
Disburse funds to subdivisions under fiscal supervision
State and Local Government : Local Government
Last Action
Refer to Committee: Finance
6/5/2018