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| To enact sections 107.33 and 135.25 of the Revised | 1 |
| Code to require public depositories to submit | 2 |
| annual reports of minority business loans and | 3 |
| investments. | 4 |
| Section 1. That sections 107.33 and 135.25 of the Revised | 5 |
| Code be enacted to read as follows: | 6 |
| Sec. 107.33. The governor shall designate a person to submit | 7 |
| an annual report to the general assembly, the governor, the | 8 |
| director of development, and the Ohio minority business advisory | 9 |
| council or any successor organization designated by the governor | 10 |
| containing information from the reports received under section | 11 |
| 135.25 of the Revised Code. The annual report shall be submitted | 12 |
| not later than the first day of April of each year. | 13 |
| Sec. 135.25. (A) As used in this section: | 14 |
| (1) "Minority" has the same meaning as in section 184.17 of | 15 |
| the Revised Code. | 16 |
| (2) "Owned and controlled" means that at least fifty-one per | 17 |
| cent of the business, including corporate stock if a corporation, | 18 |
| is owned by persons who belong to one or more groups described in | 19 |
| division (A)(1) of this section, and that those owners have | 20 |
| control over the day-to-day operations of the business and an | 21 |
| interest in the capital, assets, and profits and losses of the | 22 |
| business proportionate to their percentage of ownership. | 23 |
| (B) Not later than the first day of March of each year, each | 24 |
| public depository, who at any time during the previous calendar | 25 |
| year held a public deposit, shall submit a report to the | 26 |
| governor's designee under section 107.33 of the Revised Code | 27 |
| containing the following information for that previous calendar | 28 |
| year: | 29 |
| (1) The number of business loans made to minorities or | 30 |
| minority owned and controlled businesses, identifying information | 31 |
| for each recipient, and amount of each loan; | 32 |
| (2) The institution's total investments in minority owned or | 33 |
| controlled businesses, identifying information for each business | 34 |
| receiving investment, and amount of each investment. | 35 |