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 that define key terms such as "expenditure," "revenue," and "political subdivision." The bill requires the treasurer of state to create and maintain the database, which will include detailed information on expenditures and revenues from state entities and political subdivisions. The database will be publicly accessible and must be updated annually, with more frequent updates required after five years.

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. It specifies that the database will not include confidential information and outlines the responsibilities of state entities and political subdivisions in providing necessary data. The bill emphasizes transparency and public access to government financial information, enhancing accountability in state and local government spending.

Statutes affected:
As Introduced: 113.70, 113.71, 113.72, 113.73, 113.74, 113.75, 113.76, 5501.521, 113.77
As Reported By House Committee: 113.70, 113.71, 113.72, 113.73, 113.74, 113.75, 113.76, 5501.521, 113.77
As Re-referred to House Committee: 113.70, 113.71, 113.72, 113.73, 113.74, 113.75, 113.76, 5501.521, 113.77
As Passed By House: 113.70, 113.71, 113.72, 113.73, 113.74, 113.75, 113.76, 5501.521, 113.77