Chapter 113-5 Continuing Education; Exemptions

113-5-01 Exemptions from continuing education requirements.

(A) Each subdivision treasurer who invests public moneys only in interim deposits pursuant to division (B)(3) of section 135.14 of the Revised Code or "STAR Plus" pursuant to section 135.145 of the Revised Code, no-load money market mutual funds pursuant to division (B)(5) of section 135.14 of the Revised Code, and/or in the Ohio subdivision's fund (STAR Ohio) pursuant to division (B)(6) of section 135.14 of the Revised Code, shall file with the center for public investment management in the office of the treasurer an "Annual Notice of Exemption from Continuing Education Requirements" substantially in the form of appendix "A" on or before December thirty-first of the year in which the exemption is sought.

(B) If, during a year for which a subdivision treasurer has obtained an exemption from continuing education requirements, that subdivision treasurer invests public moneys in other than interim deposits pursuant to division (B)(3) of section 135.14 of the Revised Code or "STAR Plus" pursuant to section 135.145 of the Revised Code, no-load money market mutual funds pursuant to division (B)(5) of section 135.14 of the Revised Code, and/or in the Ohio subdivision's fund (STAR Ohio) pursuant to division (B)(6) of section 135.14 of the Revised Code, the exemption granted to that subdivision treasurer is no longer valid, and that subdivision treasurer must then obtain the continuing education required by law.

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Effective: 01/16/2014
R.C. 119.032 review dates: 10/31/2013 and 01/16/2019
Promulgated Under: 111.15
Statutory Authority: 135.22
Rule Amplifies: 135.22
Prior Effective Dates: 6/9/97, 9/28/00, 6/28/07, 9/20/12

113-5-02 Sweep accounts.

(A) A sweep account is not considered an investment for the purpose of continuing education requirements under section 135.22 of the Revised Code, so long as the sweep account sweeps from one type of deposit or investment exempted from the continuing education requirements to another type of deposit or investment exempted from the continuing education requirements under division (E) of section 135.22 of the Revised Code. Therefore, a subdivision treasurer or fiscal officer who uses a sweep account for these purposes is not ineligible to obtain an exemption from continuing education requirements solely based on the use of such a sweep account.

Effective: 09/29/2013
R.C. 119.032 review dates: 09/20/2017
Promulgated Under: 111.15
Statutory Authority: 135.22
Rule Amplifies: 135.22