The bill aims to establish the Ohio Local Government Expenditure Database and mandates participation from political subdivisions and state retirement systems. It amends several sections of the Revised Code and introduces new sections to define terms such as "expenditure," "revenue," and "state retirement system." The database will include detailed information on expenditures and revenues, ensuring transparency and accessibility for the public. The treasurer of state, in collaboration with other state departments, will oversee the creation and maintenance of this database, which will be accessible online without charge.

Additionally, the bill repeals existing sections related to the previous expenditure database and appropriates $5 million from the General Revenue Fund for the creation and maintenance of the new database. The legislation emphasizes the importance of public access to government financial information while ensuring that confidential records are protected. Political subdivisions are required to provide relevant expenditure and revenue data, and the treasurer of state will adopt necessary rules to implement the database effectively.

Statutes affected:
As Introduced: 113.70, 113.71, 113.72, 113.73, 113.74, 113.75, 113.76, 5501.521, 113.77