Chapter 113-5 | Continuing Education; Exemptions

Rule 113-5-01 | Subdivision treasurer continuing education exemptions.

• Effective: March 28, 2024
• Promulgated Under: 111.15

(A) For the purposes referenced in division (A)(1) of section 135.22 of the Revised Code, the term "investment" does not include "active deposits" as defined in section 135.01 of the Revised Code. A subdivision treasurer, as defined in division (A)(1) of section 135.22 of the Revised Code, who does not utilize interim moneys and exclusively utilizes active deposits is not subject to annual continuing education requirements under division (B) of section 135.22 of the Revised Code as long as the treasurer of state is notified through the exemption process outlined under division (E) of section 135.22 of the Revised Code.

(B) Each subdivision treasurer who invests or deposits public moneys only in (1) interim deposits pursuant to division (B)(3) of section 135.14 of the Revised Code, (2) redeposits of interim moneys pursuant to section 135.145 of the Revised Code, (3) no-load money market mutual funds pursuant to division (B)(5) of section 135.14 of the Revised Code, and/or (4) the Ohio subdivision's fund as provided in section 135.45 of the Revised Code (commonly known as "STAR Ohio") pursuant to division (B)(6) of section 135.14 of the Revised Code, and who wishes to be exempted from the requirements of section 135.22 of the Revised Code shall complete the exemption process by following the instructions posted on the center for public investment management online portal located at: www.tos.ohio.gov on or before December thirty-first of the year in which the exemption is sought.

(C) If, during a year for which a subdivision treasurer has obtained an exemption from continuing education requirements, that subdivision treasurer invests or deposits public moneys in other than (1) interim deposits pursuant to division (B)(3) of section 135.14 of the Revised Code, (2) redeposits of interim moneys pursuant to section 135.145 of the Revised Code, (3) no-load money market mutual funds pursuant to division (B)(5) of section 135.14 of the Revised Code, and/or (4) 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to division (B)(6) of section 135.14 of the Revised Code, the exemption granted to that subdivision treasurer is no longer valid, and that subdivision treasurer must then obtain the continuing education required by law.

Last updated April 3, 2024 at 2:38 PM

Supplemental Information

Authorized By: 135.22
Amplifies: 135.22
Five Year Review Date: 3/28/2029

Rule 113-5-02 | Sweep accounts.

• Effective: September 29, 2013
• Promulgated Under: 111.15

(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.

Last updated November 29, 2023 at 1:46 PM

Supplemental Information

Authorized By: 135.22
Amplifies: 135.22
Five Year Review Date: 11/30/2027

Rule 113-5-03 | Continuing education hours.

• Effective: February 16, 2017
• Promulgated Under: 111.15

(A) Each county treasurer who takes continuing education courses pursuant to division (B)(3)(a) of section 321.46 of the Revised Code shall complete:

(1) Twelve hours of such education in the subject areas of investments, cash management, the collection of taxes, ethics, and any other subject area that the treasurer of state determines is reasonably related to the duties of the office of the county treasurer; and

(2) Twelve hours of such education in the subject areas of governmental accounting, portfolio reporting and compliance, office management, and any other subject area that the auditor of state determines is reasonably related to the duties of the office of the county treasurer.

Last updated November 29, 2023 at 1:46 PM

Supplemental Information

Authorized By: 321.46
Amplifies: 321.46
Five Year Review Date: 2/15/2027

Rule 113-5-04 | County treasurer continuing education biennial cycle.

• Effective: February 14, 2022
• Promulgated Under: 119.03

For the purposes referenced in division (B) of section 321.46 of the Revised Code, the "biennial cycle" runs from the first day of January of an odd-numbered year to the last day of December in the following even-numbered year. Therefore, after a county treasurer completes twelve months in office after being sworn in, the continuing education's biennial cycle requirements will initiate on the first day of January of the next odd-numbered year and must be completed by the last day of December of the following even-numbered year.

Last updated February 14, 2022 at 9:07 AM

Supplemental Information

Authorized By: 321.46
Amplifies: 321.46
Five Year Review Date: 2/14/2027

Rule 113-5-05 | Initial education requirements for appointed and specially elected county treasurers.

• Effective: February 14, 2022
• Promulgated Under: 119.03

County treasurers who are appointed or specially elected to fill a county treasurer vacancy shall complete initial education requirements, as prescribed by division (B) of section 321.46 of the Revised Code, within four months after taking the oath of office.

(A) If the specially elected or appointed county treasurer cannot reasonably complete their auditor of state initial training requirements within the four-month time-period, the auditor of state may enter into a written agreement with the county treasurer to extend the timeline outlined in this rule for completing the requirements under division (B)(1) of section 321.46 of the Revised Code.

(B) If the specially elected or appointed county treasurer cannot reasonably complete their treasurer of state initial training requirements within the four-month time-period, the treasurer of state may enter into a written agreement with the county treasurer to extend the timeline outlined in this rule for completing the requirements under division (B)(2) of section 321.46 of the Revised Code.

Last updated February 14, 2022 at 9:08 AM

Supplemental Information

Authorized By: 321.46
Amplifies: 321.46
Five Year Review Date: 2/14/2027