This bill amends various sections of the Revised Code to enhance the management and oversight of state funds, particularly focusing on the responsibilities of the Treasurer of State. Key changes include the introduction of definitions for "active deposit" and "interim deposit," which align with existing definitions in section 135.01, and the clarification that state treasury assets will not be commingled with custodial funds. The bill also establishes the treasurer's responsibility for the safekeeping and investment of active deposits, outlines conditions for investing public moneys in the Ohio subdivision's fund, and mandates the designation of authorized signers for accounts managed in the investment pool. Additionally, it emphasizes the treasurer's liability for losses of public moneys and outlines the roles of treasurers, governing boards, and investing authorities in relation to public fund investments.

Furthermore, the bill introduces several provisions aimed at improving financial operations, including the creation of a medical quality assurance fund and a legal aid fund, as well as amendments to the investment authority for counties. It establishes new requirements for continuing education for treasurers, mandates electronic payments for certain taxes, and clarifies the handling of fees related to birth and death records. The bill also modifies the procedures for the issuance and management of obligations for capital projects, ensuring compliance with statutory requirements. Overall, the legislation aims to streamline financial management processes, enhance accountability, and support local government entities during fiscal emergencies while promoting legal aid initiatives.

Statutes affected:
As Introduced: 113.05, 113.051, 113.09, 113.13, 113.16, 113.40, 113.78, 118.05, 120.52, 131.01, 131.50, 135.01, 135.03, 135.032, 135.14, 135.143, 135.18, 135.22, 135.35, 135.45, 135.451, 135.71, 151.01, 164.09, 183.51, 317.36, 319.63, 321.46, 321.47, 1557.03, 2969.13, 3109.14, 3307.12, 3334.08, 3334.11, 3705.242, 3737.945, 3953.231, 4511.19, 4705.09, 4705.10, 5528.54, 5725.22, 5725.23, 5729.05, 5729.10, 5739.17, 5747.51, 6101.51, 113.07, 113.06, 113.10, 113.43, 135.144