Bill Summary – FastDemocracy

OHIO LEGISLATIVE SERVICE COMMISSION
                                       Office of Research                            Legislative Budget
www.lsc.ohio.gov                         and Drafting                                      Office
                            H.B. 264                        Bill Analysis
    133rd        General Assembly
                                                            Click here for H.B. 264’s Fiscal Note
Version: As Passed by the House
Primary Sponsors: Reps. Wilkin and O’Brien
          Effective Date:
Amanda George Goodman, Attorney                                                          CORRECTED VERSION
                                                 SUMMARY
       Authorizes the Ohio Water Development Authority (OWDA) to make loans and grants to
          persons and government agencies for the refinancing of certain public water and waste
          water infrastructure projects.
       Authorizes the OWDA to provide for the financing and refinancing of loans made for
          those projects and to adopt rules governing the financing and refinancing of loans to
          government agencies.
       Authorizes the OWDA to issue water development revenue bonds and notes for the
          purpose of paying any part of refinancing one or more projects.
                                        DETAILED ANALYSIS
Ohio Water Development Authority’s refinancing abilities
     The bill alters the authorized activities of the Ohio Water Development Authority
(OWDA). Specifically, the bill authorizes the OWDA to do the following:
      1. Make loans and grants to persons1 and governmental agencies for the refinancing of
         waste water or water management facilities;
      2. Provide for the financing and refinancing of loans and grants;
      3. Adopt rules governing the financing and refinancing of loans to government agencies;
         and
   Removes the footnote indicating that the previous version’s history may have been incomplete.
1 “Person” includes any individual, firm, partnership, association, or corporation. R.C. 6121.01, not
in the bill.
                                                                                                    May 13, 2020
Office of Research and Drafting                  LSC                      Legislative Budget Office
      4. Issue revenue bonds for refinancing costs.
       Current law allows the ODWA to make loans and grants to persons and governmental
agencies, but only for the acquisition or construction of facilities not for their refinancing.
Consequently, OWDA bonding authority is similarly limited.2
                                             HISTORY
                             Action                                      Date
Introduced                                              05-28-19
Reported, H. State & Local Government                   11-26-19
Passed House (86-0)                                     12-12-19
H0264-PH-CORRECTED-133/ts
2   R.C. 6121.03(B)(2) and (3) and 6121.04(E).
P a g e |2                                                                                H.B. 264
                                                                                                As
Statutes affected: 
As Introduced: 6121.03, 6121.04, 6121.06, 6121.08, 6121.13, 6121.18
As Reported By House Committee: 6121.03, 6121.04, 6121.06, 6121.08, 6121.13, 6121.18
As Passed By House: 6121.03, 6121.04, 6121.06, 6121.08, 6121.13, 6121.18