SB 372

As Introduced
136th General Assembly
   Regular Session  S. B. No. 372
       2025-2026
  Senator Schaffer
  To enact section 126.17 of the Revised Code to  1
  require the Director of Budget and Management to  2
  establish and administer a centralized reporting  3
  system for financial status reports regarding  4
  public money provided through a grant or loan  5
  program, or through an economic development  6
  program, a workforce development program, or a  7
  public assistance program.  8
 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:
     Section 1. That section 126.17 of the Revised Code be  9
enacted to read as follows:  10
     Sec. 126.17. (A) As used in this section:  11
     "Direct cost" means a cost that can be identified  12
specifically with a particular final cost objective or that can  13
be directly assigned to such activities relatively easily with a  14
high degree of accuracy.  15
     "Indirect cost" means a cost that is not readily  16
identified with a particular project, function or activity, but  17
is necessary for the general operation of the organization, and  18
a cost not directly identified with a single, final cost  19
objective, but identified with two or more final cost objectives  20
S. B. No. 372  Page 2
As Introduced
or an intermediate cost objective.  21
       "Public money" has the same meaning as in section 117.01  22
of the Revised Code.  23
       "Recipient" means a nongovernmental entity that receives  24
public money from the state in the form of a grant, loan, or  25
loan guarantee, or a contract with the state or a state agency  26
when the contract is entered in furtherance of an economic  27
development program, workforce development program, or public  28
assistance program. "Recipient" does not include an individual  29
who receives state assistance that is not related to the  30
individual's business.  31
       (B) The director of budget and management shall establish  32
and administer a centralized reporting system to assist the  33
state in oversight of public funds, in evaluation of the  34
effectiveness of grant and loan programs, and the value of state  35
contracts. The system shall be operational not later than one  36
year after the effective date of this section. The centralized  37
reporting system shall include information regarding public  38
money that has been provided to a recipient through a grant or  39
loan program, or through a contract when the contract is entered  40
in furtherance of an economic development program, workforce  41
development program, or public assistance program.  42
       (C) A recipient shall comply with the reporting  43
requirements established under this section, with respect to  44
each advance of public money that is received on or after the  45
date that is one year after the effective date of this section.  46
A recipient annually shall provide to the director, not later  47
than the first day of February, a report that provides all of  48
the following:  49
S. B. No. 372  Page 3
As Introduced
       (1) An accounting of the expenditure of public money by a  50
recipient, which shall separately identify any amount expended  51
by vendor and items purchased to directly benefit the public,  52
and the amount of indirect costs;  53
       (2) A project progress report;  54
       (3) Confirmation that the recipient is in compliance with  55
any applicable laws or regulations.  56
       (D) A state agency shall inform a recipient of the  57
requirements of this section, and shall provide the name and  58
contact information of each recipient, the amount of public  59
money advanced to the recipient, and other project-identifying  60
information to the director of budget and management.  61
       (E) A recipient shall provide the awarding state agency or  62
its designee with access to the recipient's facilities during  63
normal business hours for purposes of conducting a compliance  64
review.  65
       (F) No person shall knowingly fail to file a report  66
required by this section. Whoever violates this division is  67
guilty of a minor misdemeanor.  68
       (G) No person shall knowingly provide falsified  69
information in a report submitted under this section. Whoever  70
violates this division shall be fined one hundred fifty dollars  71
on the first offense and one thousand dollars on each subsequent  72
offense.  73