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 insertions include definitions for "active deposit" and "interim deposit," which align with existing definitions in section 135.01, and new provisions for the investment of public moneys in the Ohio subdivision's fund, requiring authorized signers for accounts managed by the Treasurer. The bill also clarifies that the Treasurer's duties do not extend to making investment decisions for custodial funds and introduces a legal aid fund to provide financial assistance to legal aid societies serving indigent individuals. Several sections are repealed, including those outlining the Treasurer's custodial responsibilities and handling of inactive accounts, streamlining the management of state funds.

Additionally, the bill modifies existing laws regarding the investment authority for counties and the issuance of obligations for capital projects, specifying the types of investments allowed and the requirements for those investments. It establishes continuing education requirements for treasurers and mandates that certain fines collected be transmitted to the treasurer of state for deposit into designated funds. The bill also emphasizes the importance of maintaining statutory authority for tax collection and introduces electronic payment requirements for tax levies. Overall, the legislation aims to improve financial management, accountability, and transparency in the handling of state and local government funds.

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