OH HB682

Amends Ohio Revised Code Section 135.14 to comprehensively regulate how treasurers and governing boards may invest public interim moneys.

Authorizes investment in U.S. Treasury securities, federal agency obligations, interim bank deposits, state and political subdivision bonds (with conditions), money market mutual funds, Ohio subdivision's fund, and commercial paper or bankers acceptances (up to 40% of interim money).

Requires treasurers or governing boards making certain investments to complete additional training approved by the state treasurer.

Prohibits investments in derivatives, leveraged assets, arbitrage transactions, and requires a written investment policy filed with the auditor of state (except for subdivisions with average annual portfolios of $100,000 or less).

Permits treasurers or governing boards that are members of fire districts to invest interim money in fire district bonds maturing within twenty years from the date of settlement.