Ohio Revised Code Search

...ral deposit insurance corporation. (H)(1) In the case of a stock state bank, the bank has an impairment of paid-in capital. (2) In the case of a mutual state bank, the bank has an impairment of retained earnings.

...all have all of the following powers: (1) To take possession of all books, records of account, and assets of the state bank; (2) To collect all debts, claims, and judgments belonging to the bank and to take any other action, including the lending of money, necessary to preserve and liquidate the assets of the bank; (3) To execute in the name of the bank any instrument necessary or proper to effectuate the receiver...

..., at the last address of record. (B)(1) All parties having claims of any kind against the bank, including prior judgments and claims of security, preference, priority, and offset, shall present their claims substantiated by legal proof to the receiver within one hundred eighty days after the date of the first publication of notice of the claims procedure or after actual receipt of notice of the claims procedure, w...

...shall be paid in the following order: (1) Expenses of liquidation and receivership, including money borrowed under authority of division (A)(6) of section 1125.22 or division (A)(7) of section 1125.12 of the Revised Code and interest on it, and claims for fees and assessments due the superintendent of financial institutions; (2) Claims given priorities under other provisions of state or federal law; (3) Wages, sal...

...ll persons, of both of the following: (1) The commencement or continuation, including the issuance or employment of process, of a judicial, administrative, or other action or proceeding against the state bank that was or could have been commenced before the filing; (2) The enforcement against the bank of a judgment or other claim obtained before the filing, including claims of security, preference, priority, and of...

... following, to the extent applicable: (1) Declare all of the following: (a) The bank has been properly wound up. (b) All known assets of the bank have been distributed according to the distribution priorities set forth in this chapter. (c) The bank is dissolved. (2) If there are known debts or liabilities, describe the provision made for their payment, setting forth whatever information may be necessary to enabl...

...r purposes of this section and sections 1127.02 and 1127.03 of the Revised Code, "regulated person" has the same meaning as in section 1121.01 of the Revised Code. (B) Any of the following actions by a regulated person may constitute a violation of section 1127.08 of the Revised Code or of a theft, fraud, falsification, or other similar offense set forth in Title XXIX of the Revised Code, or may constitute an attemp...

...d conditions established under sections 113.50 to 113.56 of the Revised Code. For that purpose, the treasurer shall do all of the following: (1) Develop and implement the program in a manner consistent with the provisions of sections 113.50 to 113.56 of the Revised Code; (2) Engage the services of consultants on a contract basis for rendering professional and technical assistance and advice; (3) Seek rulings an...

...(A) Nothing in sections 113.50 to 113.56 of the Revised Code creates any obligation of the treasurer of state, the state, or any state agency to guarantee for the benefit of any account owner or designated beneficiary any of the following: (1) Return of principal; (2) Rate of interest or other return on any program account; (3) Payment of interest or other return on any program account. (B) Every contract, applic...

...ontributors in accordance with sections 113.50 to 113.56 of the Revised Code that are not deposited directly with the program manager. Money shall be disbursed from the fund upon an order of the treasurer. All interest from the money in the fund shall be credited to the Ohio ABLE savings expense fund. (B)(1) The Ohio ABLE savings expense fund is hereby created in the state treasury. The fund shall consist of money ...

...ess contract entered into under section 113.60 of the Revised Code shall include provisions that do all of the following: (1) Require the treasurer of state, in consultation with the requesting state agency or agencies and the director of administrative services, or in consultation with the requesting political subdivision or group of political subdivisions, to specify performance targets to be met by the service pr...

...As used in sections 113.70 to 113.77 of the Revised Code: (A) "Expenditure" means a payment, distribution, loan, advance, reimbursement, deposit, or gift of money from a state entity to any supplier. (B) "Political subdivision" means a county, city, village, public library, township, park district, school district, regional water and sewer district, or regional transit authority. (C) "Public library" means a li...

...all include the following features: (1) A searchable database of all expenditures; (2) The ability to filter expenditures by the following categories: (a) The category of expense; (b) The Ohio administrative knowledge system accounting code for a specific good or service. (3) The ability to search and filter by any of the factors listed in section 113.72 of the Revised Code; (4) The ability to aggre...

...e or more of the following applies: (1) The audit is specifically required or authorized by the Revised Code; (2) The private institution, association, board, or corporation requests that the auditor of state audit some or all of its other funds or accounts; (3) All of the revenue of the private institution, association, board, or corporation is composed of public money; (4) The private institution, associat...

...xcept as otherwise provided in section 319.11 of the Revised Code, shall publish notice in a newspaper published in the political subdivision or taxing district, and if there is no such newspaper, then in a newspaper of general circulation in the political subdivision or taxing district. The notice shall state that the financial report has been completed by the public office and is available for public inspection at ...

...te containing all of the following: (1) The progress state agencies or state institutions of higher education have made in implementing the recommendations contained in recent performance audits; (2) The amount of money saved as a result of the implementation; (3) Other operational and programmatic improvements or efficiencies that have been achieved as a result of the implementation. (B) The auditor of s...

...(A) As used in this section: (1) "Entity" means, whether for profit or nonprofit, a corporation, association, partnership, limited liability company, sole proprietorship, or other business entity. "Entity" does not include an individual who receives state assistance that is not related to the individual's business. (2) "State award for economic development" means state financial assistance and expenditure in any ...

...r education as defined in section 3345.011 of the Revised Code, the auditor of state, an employee of the auditor of state, and any independent accountants or consultants contracted by the auditor of state as necessary to carry out the statutory responsibilities of the auditor of state, may request access to any system the agency or institution uses or maintains. If the auditor of state requests access, the agency or ...

...nstitutes 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 the end of the preceding fiscal year that had been due and payable for at least thirty days at the end of the fiscal year or to which a penalty was added for failure to pay by the end of the fiscal year, les...

... 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 township and the county budget commission. The fiscal watch shall be in effect until the auditor of state determines that none of the conditions are any longer present and cancels the watch, or until the audi...

...ent in accordance with the following: (1) If the continued performance of the financial supervisor is required for a period of twenty-five to thirty months, the municipal corporation, county, or township is responsible for twenty per cent of the compensation due. (2) If the continued performance of the financial supervisor is required for a period of thirty-one to thirty-six months, the municipal corporation, ...

...Pursuant to section 118.19 of the Revised Code: (A) The ordinance or resolution authorizing the debt obligations may provide for the pledge of, and covenants to levy, charge, collect, deposit, and apply ad valorem property taxes, income taxes, excises, utility revenues, local government fund receipts, permit and license fees, and any other receipts from taxes, permits, licenses, fines, or other sources of revenue of...

...inancial supervisor pursuant to section 118.15 of the Revised Code and issued by a municipal corporation, county, or township pursuant to section 133.10 of the Revised Code and this section during a fiscal emergency period. (B) In the case of the issuance of such current revenue notes in anticipation of ad valorem property taxes, the county auditors of the counties in which the municipal corporation, county, or town...

...is section of one of the following: (1) In the case of a village, the date a dissolution is effective as defined under section 703.31 of the Revised Code. (2) In the case of a township, the township has dissolved under section 118.31 of the Revised Code. (3) In the case of a municipal corporation, county, or township, the municipal corporation, county, or township has done all of the following: (a) Planned, ...

... of the following conditions apply: (1) The municipal corporation or township has a population of less than five thousand as of the most recent federal decennial census. (2) The municipal corporation or township has been under a fiscal emergency for at least four consecutive years. (3) Implementation of the financial plan of the municipal corporation or township required under this chapter cannot reasonably be...