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| To amend section 117.01 and to enact section 187.14 | 1 |
| of the Revised Code to allow the Auditor of State | 2 |
| to conduct full audits of JobsOhio and to require | 3 |
| all nonprofit economic development corporations | 4 |
| that receive public funds to make annual | 5 |
| disclosures related to both their public and | 6 |
| private funds. | 7 |
| Section 1. That section 117.01 be amended and section 187.14 | 8 |
| of the Revised Code be enacted to read as follows: | 9 |
| Sec. 117.01. As used in this chapter: | 10 |
| (A) "Color of office" means actually, purportedly, or | 11 |
| allegedly done under any law, ordinance, resolution, order, or | 12 |
| other pretension to official right, power, or authority. | 13 |
| (B) "Public accountant" means any person who is authorized by | 14 |
| Chapter 4701. of the Revised Code to use the designation of | 15 |
| certified public accountant or who was registered prior to January | 16 |
| 1, 1971, as a public accountant. | 17 |
| (C) "Public money" means any money received, collected by, or | 18 |
| due a public official under color of office, as well as any money | 19 |
| collected by any individual on behalf of a public office or as a | 20 |
| purported representative or agent of the public office. | 21 |
| (D) "Public office" means any state agency, public | 22 |
| institution, political subdivision, other organized body, office, | 23 |
| agency, institution, or entity established by the laws of this | 24 |
| state for the exercise of any function of government. "Public | 25 |
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office" | 26 |
| under section 187.01 of the Revised Code. | 27 |
| (E) "Public official" means any officer, employee, or duly | 28 |
| authorized representative or agent of a public office. | 29 |
| (F) "State agency" means every organized body, office, | 30 |
| agency, institution, or other entity established by the laws of | 31 |
| the state for the exercise of any function of state government. | 32 |
| (G) "Audit" means any of the following: | 33 |
| (1) Any examination, analysis, or inspection of the state's | 34 |
| or a public office's financial statements or reports; | 35 |
| (2) Any examination, analysis, or inspection of records, | 36 |
| documents, books, or any other evidence relating to either of the | 37 |
| following: | 38 |
| (a) The collection, receipt, accounting, use, or expenditure | 39 |
| of public money by a public office or by a private institution, | 40 |
| association, board, or corporation; | 41 |
| (b) The determination by the auditor of state, as required by | 42 |
| section 117.11 of the Revised Code, of whether a public office has | 43 |
| complied with all the laws, rules, ordinances, or orders | 44 |
| pertaining to the public office. | 45 |
| (3) Any other type of examination, analysis, or inspection of | 46 |
| a public office or of a private institution, association, board, | 47 |
| or corporation receiving public money that is conducted according | 48 |
| to generally accepted or governmental auditing standards | 49 |
| established by rule pursuant to section 117.19 of the Revised | 50 |
| Code. | 51 |
| Sec. 187.14. (A) JobsOhio and its subsidiaries are public | 52 |
| offices for purposes of Chapter 117. of the Revised Code and shall | 53 |
| submit to audits by the auditor of state in accordance with that | 54 |
| chapter. | 55 |
| (B) JobsOhio and its subsidiaries, and any nonprofit economic | 56 |
| development corporation that receives or distributes public funds | 57 |
| during the corporation's fiscal year, each shall prepare an annual | 58 |
| financial report that provides a full accounting of all public and | 59 |
| private funds the corporation received or distributed during that | 60 |
| fiscal year. The corporation shall submit the report to the | 61 |
| speaker and minority leader of the house of representatives, the | 62 |
| president and minority leader of the senate, and the legislative | 63 |
| service commission within sixty days after the last day of the | 64 |
| corporation's fiscal year, and shall make the report available to | 65 |
| the public upon request. The report shall be prepared according to | 66 |
| generally accepted accounting principles and be certified by the | 67 |
| board of directors or chief fiscal officer of the corporation. | 68 |
| Section 2. That existing section 117.01 of the Revised Code | 69 |
| is hereby repealed. | 70 |