The bill amends several sections of the Revised Code and introduces new provisions to facilitate capital appropriations for the biennium ending June 30, 2028. It notably adds the term "2t" to Article VIII of the Ohio Constitution, replacing the deleted term "2s," which expands the types of projects eligible for financing through state-issued obligations. The bill outlines the procedures for issuing and managing these obligations, including the establishment of special funds and the rights of obligation holders, while emphasizing the authority of the issuing authority to manage financial aspects, including the issuance of bond anticipation notes and refunding obligations.

Additionally, the bill allocates significant funding for various community projects, including higher education improvements, park renovations, and cultural initiatives, totaling over $368 million. It establishes a new funding mechanism through the One Time Strategic Community Investments Fund, which will receive a transfer from the General Revenue Fund to support these projects. The bill also includes provisions for the management of funds, ensuring that appropriations are effectively directed towards community needs, and it is set to take effect immediately upon approval as an emergency measure.

Statutes affected:
As Introduced: 151.01, 151.08, 164.03, 164.08, 3318.042, 3318.49, 3343.05, 5751.02, 5751.20, 357.09, 357.15, 357.16, 357.24, 357.28, 357.34, 357.36, 371.10, 371.20, 373.10, 373.15, 387.10, 387.13, H.B, 200.30, 101.01, 3318.33, 3343.11
As Reported By Senate Committee: 151.01, 151.08, 164.03, 164.08, 3318.042, 3318.49, 3343.05, 5751.02, 5751.20, 357.09, 357.15, 357.16, 357.24, 357.28, 357.34, 357.36, 371.10, 371.20, 373.10, 373.15, 387.10, 387.13, H.B, 200.30, 101.01, 3318.33, 3343.11
As Passed By Senate: 151.01, 151.08, 164.03, 164.08, 3318.042, 3318.49, 3343.05, 5751.02, 5751.20, 357.09, 357.15, 357.16, 357.24, 357.28, 357.34, 357.36, 371.10, 371.20, 373.10, 373.15, 387.10, 387.13, H.B, 200.30, 101.01, 3318.33, 3343.11
As Reported By House Committee: 151.01, 151.08, 164.03, 164.08, 3318.042, 3318.49, 3343.05, 5751.02, 5751.20, 357.09, 357.15, 357.16, 357.24, 357.28, 357.34, 357.36, 371.10, 371.20, 373.10, 373.15, 387.10, 387.13, H.B, 200.30, 101.01, 3318.33, 3343.11
As Passed By House: 151.01, 151.08, 164.03, 164.08, 3318.042, 3318.49, 3343.05, 5751.02, 5751.20, 357.09, 357.15, 357.16, 357.24, 357.28, 357.34, 357.36, 371.10, 371.20, 373.10, 373.15, 387.10, 387.13, H.B, 200.30, 101.01, 3318.33, 3343.11
As Enrolled: 151.01, 151.08, 164.03, 164.08, 3318.042, 3318.49, 3343.05, 5751.02, 5751.20, 357.09, 357.15, 357.16, 357.24, 357.28, 357.34, 357.36, 371.10, 371.20, 373.10, 373.15, 387.10, 387.13, H.B, 200.30, 101.01, 3318.33, 3343.11