Amended Substitute House Bill 397 Summary

• Creates the Investing in Ohio Fund in the state treasury to promote economic development and infrastructure improvements throughout the state.

• Revises agricultural lease termination requirements, requiring landlords to provide written notice by September 1st if no termination date exists, with termination effective on the earlier of crop harvest completion or December 31st.

• Modifies battery-charged fence regulations for nonresidential properties, requiring interfaces with monitored alarm systems, maximum 12-volt batteries meeting international standards, nonelectric perimeter fencing at least 5 feet high, and conspicuous warning signs at 40-foot intervals.

• Amends oil and gas unit operation procedures, increasing the nonrefundable application fee to $10,000 and allowing the chief to make motions for unit operations without application by property owners.

• Conveys state-owned land in Fairfield County (approximately 5.4 acres) to the Board of Fairfield County Commissioners and appropriates $85 million to the Investing in Ohio Fund for fiscal year 2022.