To amend section 5705.281 of the Revised Code to permit a county budget commission to waive the requirement that a taxing authority adopt a tax budget for a subdivision or taxing unit.

Section 1.  That section 5705.281 of the Revised Code be amended to read as follows:

Sec. 5705.281.  If Notwithstanding section 5705.28 of the Revised Code, the county budget commission has provided for the apportionment of the county undivided local government fund and the county undivided local government revenue assistance fund under an alternative method or formula basis pursuant to sections 5747.53 and 5747.63 of the Revised Code for any fiscal year, the commission, by an affirmative vote of a majority of the commission, including an affirmative vote by the county auditor, may waive the requirement that the taxing authority of a subdivision or other taxing unit entitled to a share of such fund adopt a tax budget under section 5709.28 5705.28 of the Revised Code, or may permit such a taxing authority to adopt a tax budget containing only such information as may be required by the commission to apportion those funds under the alternative method or formula, notwithstanding any provision for a tax budget in the resolution approving the alternative method or formula.

Section 2.  That existing section 5705.281 of the Revised Code is hereby repealed.