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Home » US Law » 2022 Ohio Revised Code » Title 1 | State Government » Chapter 126 | Office of Budget and Management

Section 126.02 | Preparation of Budget Estimates.

Effective: June 5, 2006 Latest Legislation: Senate Bill 321 – 126th General Assembly The director of budget and management shall prepare and submit to the governor, biennially, not later than the first day of January preceding the convening of the general assembly, state budget estimates of revenues and expenditures for each state fund and budget […]

Section 126.022 | Estimates of Revenues From Tobacco Master Settlement Agreement.

Effective: June 2, 2000 Latest Legislation: Senate Bill 192 – 123rd General Assembly Not later than four weeks after the general assembly convenes in each even-numbered year, the director of budget and management shall prepare and recommend to the general assembly, subject to the concurrence of the governor, estimates of revenues from, or derived from, […]

Section 126.05 | Monthly Statements Showing Condition of General Revenue Fund.

Effective: July 17, 2009 Latest Legislation: House Bill 1 – 128th General Assembly On or before the tenth day of each month, the director of budget and management shall furnish to the governor statements in such form as the governor requires showing the condition of the general revenue fund. The statements shall provide a summary […]

Section 126.06 | Availability of Money in Total Operating Fund.

Effective: July 1, 2017 Latest Legislation: House Bill 26 – 132nd General Assembly The total operating fund consists of all funds in the state treasury except the auto registration distribution fund, local motor vehicle license tax fund, development bond retirement fund, facilities establishment fund, gasoline excise tax fund, higher education improvement fund, highway improvement bond […]

Section 126.07 | Certification of Balance Statement in All Contracts.

Effective: September 29, 2013 Latest Legislation: House Bill 59 – 130th General Assembly Except as provided in division (B) of section 126.21 of the Revised Code, no contract, agreement, or obligation involving the expenditure of money chargeable to an appropriation, nor any resolution or order for the expenditure of money chargeable to an appropriation, shall […]

Section 126.08 | Director of Budget and Management – Powers and Duties.

Effective: September 29, 2007 Latest Legislation: House Bill 119 – 127th General Assembly The director of budget and management may exercise control over the financial transactions of state agencies, including approving, disapproving, voiding, or invalidating encumbrances or transactions, except those in the judicial and legislative branches, by: (A) Requiring encumbrancing documents or any other financial […]

Section 126.09 | Monthly Distribution Schedule of Subsidies.

Effective: July 1, 1985 Latest Legislation: House Bill 201 – 116th General Assembly In order to comply with Sections 1 and 3 of Article VIII, Ohio Constitution, the director of budget and management may determine the monthly distribution schedule of any subsidies appropriated by the general assembly. In each period that he finds it necessary […]

Section 126.11 | Coordination and Approval of Scheduling Sales of Certain Obligations.

Effective: September 29, 2017 Latest Legislation: House Bill 49 – 132nd General Assembly (A)(1) The director of budget and management shall, upon consultation with the treasurer of state, coordinate and approve the scheduling of initial sales of publicly offered securities of the state and of publicly offered fractionalized interests in or securitized issues of public […]

Section 126.12 | Recovering Statewide Indirect Costs.

Effective: June 30, 2011 Latest Legislation: House Bill 153 – 129th General Assembly (A)(1) The office of budget and management shall prepare and administer a statewide indirect cost allocation plan that provides for the recovery of statewide indirect costs from any fund of the state. The director of budget and management may make transfers of […]

Section 126.13 | Designating Program or Activity for Performance Review.

Effective: September 29, 1995 Latest Legislation: House Bill 117 – 121st General Assembly As soon as practical after the enactment of any act containing appropriations for current expenses, the director of budget and management shall designate which programs or activities receiving appropriations for current expenses in the act shall be subject to performance reviews. The […]

Section 126.141 | Contingency Reserve for Capital Appropriations.

Effective: September 29, 2011 Latest Legislation: House Bill 153 – 129th General Assembly Any request for release of capital appropriations by the director of budget and management or the controlling board for facilities projects shall contain a contingency reserve, the amount of which shall be determined by the public authority, for payment of unanticipated project […]

Section 126.15 | Adjusting Capital or Operating Budgets.

Effective: March 18, 1999 Latest Legislation: House Bill 850 – 122nd General Assembly If the director of budget and management determines that adjustments to the capital or operating budgets are required because of the reorganization of administrative agencies, the transfer of programs, the creation of new funds, the modification of capital projects, or the consolidation […]

Section 126.21 | Accounting Duties of Director of Budget and Management.

Effective: September 15, 2014 Latest Legislation: House Bill 483 – 130th General Assembly (A) The director of budget and management shall do all of the following: (1) Keep all necessary accounting records; (2) Prescribe and maintain the accounting system of the state and establish appropriate accounting procedures and charts of accounts; (3) Establish procedures for […]

Section 126.22 | Director – Accounting Powers.

Effective: September 29, 2017 Latest Legislation: House Bill 49 – 132nd General Assembly The director of budget and management may: (A) Perform accounting services for and design and implement accounting systems with state agencies; (B) Provide other accounting services, including the maintenance and periodic auditing of the financial records of and submission of vouchers by […]

Section 126.23 | Reports on State Funds.

Effective: July 1, 1985 Latest Legislation: House Bill 201 – 116th General Assembly The director of budget and management shall furnish to the president of the senate, the speaker of the house of representatives and the legislative budget office of the legislative service commission monthly reports of revenues, disbursements and expenses, transfers, lapses, and balances […]