Effective: June 30, 1999 Latest Legislation: House Bill 283 – 123rd General Assembly As used in this chapter: (A) Advance tax payment notes means the notes authorized by section 118.24 of the Revised Code. (B) Appropriation measure means any appropriation measure, amendment of an appropriation measure, or supplement to an appropriation measure of a municipal […]
Effective: September 3, 1996 Latest Legislation: House Bill 462 – 121st General Assembly (A) Pursuant to the authority of the general assembly to provide for the public health, safety, and welfare and to limit and restrict the powers of municipal corporations, counties, and townships to borrow money, contract debts, and levy taxes to prevent the […]
Effective: September 3, 1996 Latest Legislation: House Bill 462 – 121st General Assembly A municipal corporation, county, or township may undergo a fiscal watch review to determine whether it is approaching a state of fiscal emergency. A fiscal watch review shall be initiated by a written request to the auditor of state from the mayor […]
Effective: May 16, 2002 Latest Legislation: House Bill 365 – 124th General Assembly (A) Any one of the following conditions constitutes grounds for a fiscal watch: (1) The existence of either of the following situations: (a) All accounts that were due and payable from the general fund of a municipal corporation, county, or township at […]
Effective: September 29, 2015 Latest Legislation: House Bill 64 – 131st General Assembly (A) Upon determining that one or more of the conditions described in section 118.022 of the Revised Code are present, the auditor of state shall issue a written declaration of the existence of a fiscal watch to the municipal corporation, county, or […]
Effective: September 29, 2011 Latest Legislation: House Bill 153 – 129th General Assembly (A) The auditor of state shall develop guidelines for identifying fiscal practices and budgetary conditions of municipal corporations, counties, and townships that, if uncorrected, could result in a future declaration of a fiscal watch or fiscal emergency. (B) If the auditor of […]
Effective: October 3, 1996 Latest Legislation: House Bill 462 – 121st General Assembly (A) Any one of the following constitutes a fiscal emergency condition of a municipal corporation, county, or township: (1) The existence, at the time of the determination by the auditor of state under section 118.04 of the Revised Code, of a default […]
Effective: September 29, 2015 Latest Legislation: House Bill 64 – 131st General Assembly (A) The existence of a fiscal emergency condition constitutes a fiscal emergency. The existence of fiscal emergency conditions shall be determined by the auditor of state. Such determination, for purposes of this chapter, may be made only upon the filing with the […]
Effective: September 29, 2015 Latest Legislation: House Bill 64 – 131st General Assembly The auditor of state, on the auditor of state’s initiative, may conduct a performance audit of a municipal corporation, county, or township that is under a fiscal caution, a fiscal watch, or a fiscal emergency.
Effective: November 2, 2018 Latest Legislation: House Bill 312 – 132nd General Assembly (A) Pursuant to the powers of the general assembly and for the purposes of this chapter, upon the occurrence of a fiscal emergency in any municipal corporation, county, or township, as determined pursuant to section 118.04 of the Revised Code, there is […]
Effective: October 17, 2017 Latest Legislation: House Bill 103 – 132nd General Assembly (A)(1) Within one hundred twenty days after the first meeting of the commission, the mayor of the municipal corporation or the board of county commissioners or board of township trustees shall submit to the commission a detailed financial plan, as approved or […]
Effective: November 2, 2018 Latest Legislation: House Bill 312 – 132nd General Assembly (A) The financial planning and supervision commission, or when authorized by the commission, the financial supervisor, shall have the following powers, duties, and functions: (1) To review all tax budgets, tax levy ordinances, bond and note ordinances or resolutions, appropriation measures of […]
Effective: September 5, 2001 Latest Legislation: House Bill 94 – 124th General Assembly (A) The members of the financial planning and supervision commission shall serve without compensation, but shall be paid by the commission their necessary and actual expenses incurred while engaged in the business of the commission. (B) All expenses incurred for services rendered […]
Effective: July 1, 1983 Latest Legislation: House Bill 291 – 115th General Assembly Any expense or obligation incurred by the financial planning and supervision commission under this chapter shall be payable solely from appropriations made by the general assembly.
Effective: September 3, 1996 Latest Legislation: House Bill 462 – 121st General Assembly The municipal corporation, county, or township shall develop an effective financial accounting and reporting system by: (A) Promptly bringing its existing system of financial accounting and reporting into compliance with Chapter 117. of the Revised Code. Within ninety days of the determination […]
Effective: October 17, 2017 Latest Legislation: House Bill 103 – 132nd General Assembly (A) The municipal corporation, county, or township and all its officers and employees having possession of the required information or the responsibility for developing such information, shall at all times cooperate in assisting the functions of the financial planning and supervision commission […]
Effective: October 17, 2017 Latest Legislation: House Bill 103 – 132nd General Assembly (A) After the date by which the municipal corporation, county, or township is required to submit a financial plan or segment of a financial plan to the financial planning and supervision commission, if the municipal corporation, county, or township has failed to […]
Effective: October 17, 2017 Latest Legislation: House Bill 103 – 132nd General Assembly (A) No appropriation measure may be adopted contrary to the financial plan approved by the financial planning and supervision commission. Any existing appropriation measure inconsistent with the approved financial plan is ineffective for purposes of any expenditures to the extent it authorizes […]
Effective: September 3, 1996 Latest Legislation: House Bill 462 – 121st General Assembly The financial planning and supervision commission may direct its certifications, notifications, orders, or requests to particular officers of the municipal corporation, county, township, or state, or to the municipal corporation, county, or township or county budget commission and cause the same to […]
Effective: September 3, 1996 Latest Legislation: House Bill 462 – 121st General Assembly (A) No debt obligation may be issued or incurred by the municipal corporation, county, or township, whether purchased by the municipal corporation, county, or township or others, except with the prior approval of the financial planning and supervision commission. (B) The commission […]
