The bill, introduced by Representative Thomas, aims to amend various sections of the Revised Code concerning the Auditor of State and public financial management. Key amendments include clarifying the responsibilities of public officials regarding financial reporting and auditing, allowing them to engage financial institutions for record-keeping services subject to audit. The bill also introduces new requirements for financial reports, including budgetary comparisons, and establishes penalties for late submissions. Significant deletions from current law involve the removal of specific assurances previously required from financial institutions and public officials, as well as the repeal of outdated sections to streamline the auditing process and enhance accountability.

Additionally, the bill modifies procurement processes for state agencies and regional transit authorities, allowing for more flexibility in contract awards and establishing new criteria for competitive bidding. It enhances the role of the Ohio History Connection by detailing its public functions and responsibilities, including managing state memorials and maintaining historical records. The bill also introduces educational requirements for county recorders, auditors, and township fiscal officers, ensuring ongoing professional development. Overall, the proposed changes aim to improve efficiency, transparency, and accountability in public financial practices across various entities in Ohio.

Statutes affected:
As Introduced: 9.35, 117.11, 117.38, 117.44, 127.16, 149.10, 149.30, 169.13, 306.43, 307.86, 308.13, 317.06, 317.20, 319.04, 321.03, 501.09, 501.11, 507.12, 703.34, 731.14, 731.141, 733.81, 735.05, 749.31, 1533.13, 3313.27, 3314.011, 3315.18, 3315.181, 3317.035, 3318.48, 3328.16, 3375.39, 3375.92, 3381.11, 3709.15, 3717.071, 5117.12, 5310.06, 5705.12, 5705.121, 5923.30, 6101.55, 117.113, 117.251, 117.441, 117.51, 501.03, 3314.50, 4115.31, 4115.32, 4115.33, 4115.34, 4115.35, 4115.36