Am. S.B. No. 241 Summary

• Expands the types of obligations the Ohio Treasurer of State may invest interim state funds in, including two new categories: obligations from Ohio political subdivisions under Chapter 133 of the Revised Code, and rated obligations issued by Ohio entities and nonprofits doing business in the state.

• Amends the Agricultural Linked Deposit Program to remove the fixed $150,000 loan limit for eligible agricultural businesses, replacing it with an amount determined by the treasurer of state.

• Modifies the definition of "eligible agricultural business" to include businesses organized either for profit or as agricultural cooperatives, expanding program eligibility.

• Creates two new state treasury funds: the State Political Subdivision Obligations Fund and the State Securities Tender Program Fund, to be funded by fees from related investment programs.

• Declares amendments to the Agricultural Linked Deposit Program and repeal of related sections as emergency measures effective immediately to provide financial assistance to agricultural persons when the application window opens in the first quarter of the following year.