OH SB17

Increases monthly allocations to the Local Government Fund from 1.66% to 3.68% of total tax revenue credited to the General Revenue Fund each month.

Requires the Director of Budget and Management to credit the Local Government Fund monthly by the seventh day of each month based on the new percentage calculation.

Maintains existing provisions for the Public Library Fund to receive monthly allocations based on a separate percentage calculation from fiscal year 2013.

Requires the Director of Budget and Management to develop and maintain a schedule identifying specific tax revenue sources used for monthly transfers to both funds, with authority to revise as needed.

Takes effect on the first day of the first month beginning on or after the act's effective date.