129HB153-HC2377.docx/ss

Sub. H.B. 153

As Pending in H. Finance and Appropriations

LSC 129 1066-4

HC-2377

________________________________  moved to amend the amendment labeled HC-2125-1 as follows:

Before line 1 of the amendment, insert:

"In line 102067, delete "$80,284,265   $80,284,265" and insert "$86,284,265   $86,284,265"

In line 102071, add $6,000,000 to each fiscal year

In line 102075, delete "$20,000,000   $20,000,000" and insert "$14,000,000   $14,000,000"

In line 102077, subtract $6,000,000 from each fiscal year"

In line 3 of the amendment, delete "$34,000,000" and insert "$37,000,000"

In line 9 of the amendment, delete "$38,000,000" and insert "$41,000,000""

Between lines 35 and 35a of the amendment, insert:

"Between lines 103052 and 103053, insert:

"(F) On July 1 of each fiscal year, or as soon as possible thereafter, the Director of Budget and Management shall transfer $6,000,000 in cash from the Economic Development Programs Fund (Fund 5JC0) to the General Revenue Fund (GRF) to be used by Chancellor of the Board of Regents to support the Ohio College Opportunity Grant pursuant to this section.""

The motion was ________ agreed to.

SYNOPSIS

Board of Regents

Sections 371.10 and 371.50.10

Makes the following changes to HC-2125-1:

Transfers $6.0 million in each fiscal year from the GSF Economic Development Programs Fund (Fund 5JC0) to the General Revenue Fund (GRF).

Decreases the appropriation for GSF appropriation item 235649, Co-op Internship Program, by $6.0 million in each fiscal year.

Increases the appropriation for GRF appropriation item 235563, Ohio College Opportunity Grant, by $6.0 million in each fiscal year. 

Increases by $3.0 million in each fiscal year the earmark for private, nonprofit institutions of higher education under GRF appropriation item 235563, Ohio College Opportunity Grant.

Increases by $3.0 million in each fiscal year the earmark for public institutions of higher education under GRF appropriation item 235563, Ohio College Opportunity Grant.