To enact sections 107.33 and 135.25 of the Revised Code to require public depositories to submit annual reports of minority business loans and investments.

Section 1. That sections 107.33 and 135.25 of the Revised Code be enacted to read as follows:

Sec. 107.33. The governor shall designate a person to submit an annual report to the general assembly, the governor, the director of development, and the Ohio minority business advisory council or any successor organization designated by the governor containing information from the reports received under section 135.25 of the Revised Code. The annual report shall be submitted not later than the first day of April of each year.

Sec. 135.25. (A) As used in this section:

(1) "Minority" has the same meaning as in section 184.17 of the Revised Code.

(2) "Owned and controlled" means that at least fifty-one per cent of the business, including corporate stock if a corporation, is owned by persons who belong to one or more groups described in division (A)(1) of this section, and that those owners have control over the day-to-day operations of the business and an interest in the capital, assets, and profits and losses of the business proportionate to their percentage of ownership.

(B) Not later than the first day of March of each year, each public depository, who at any time during the previous calendar year held a public deposit, shall submit a report to the governor's designee under section 107.33 of the Revised Code containing the following information for that previous calendar year:

(1) The number of business loans made to minorities or minority owned and controlled businesses, identifying information for each recipient, and amount of each loan;

(2) The institution's total investments in minority owned or controlled businesses, identifying information for each business receiving investment, and amount of each investment.