Ohio Adm.Code 113 | Ohio Administrative Code 113 — Treasurer of State

Chapter 113-1 Payments

Ohio Adm.Code 113-1-01 Definitions.

For purposes of agency 113 of the Administrative Code:

(A) "State entity" includes any state department, agency, board, bureau, commission, office or pension system that deposits funds in the state treasury or in a bank account in the custody of the treasurer but not part of the state treasury.

(B) "Warrant" means a payment instrument used by certain state entities to pay obligations.

(C) "Revenue pay-in document" means a form used by state entities to deposit funds. The office of budget and management prescribes the form for the deposit of funds into the state treasury (i.e., the state of Ohio payment detail). The treasurer's office prescribes the form for deposits into custodial accounts.

(D) "ACH" means the electronic clearing and settlement system used for financial transactions by commercial banks in the United States.

Last updated June 25, 2025 at 6:01 PM

History

Effective: February 16, 2023
Promulgated Under: 111.15

Ohio Adm.Code 113-1-02 Payments into the state treasury.

(A) Fees and moneys to be paid timely

(1) Notwithstanding section 5703.058 of the Revised Code or other statutory provisions, within three business days of physical receipt by a state entity, every state entity shall provide one or more revenue pay-in documents and a copy of the deposit ticket(s) to the treasurer for all moneys, checks, and drafts received for the state.

(2) Notwithstanding section 5703.058 of the Revised Code or other statutory provisions, within three business days of an electronic deposit into a state entity's bank account established by the treasurer, every state entity shall provide one or more revenue pay-in documents for all electronic deposits (e.g., checks scanned for deposit, ACH transactions, wires, revenue from financial transaction devices).

(3) If moneys, checks, drafts, ACH transactions, wires, and revenue from financial transaction devices are not paid in within the timeframe specified in paragraph (A)(1) or (A)(2) of this rule, or modified as requested by the treasurer, and the treasurer has attempted to communicate with the state entity regarding the matter, the treasurer may, at a time of its choosing, prepare a revenue pay-in document supporting the deposit. If the information that the treasurer utilized to create the revenue pay-in document does not accurately record the moneys, checks, drafts, or electronic deposit received, the state entity shall modify the revenue pay-in document and resubmit to the office of budget and management for approval.

(B) Currency and cash preparation

All cash must have a separate deposit ticket prepared, be placed in a tamper proof deposit bag and deposited at the bank into the state treasury account. The tamper proof deposit bag may contain bundles of both cash and checks.

(1) Payee shall be written as: "Ohio Treasurer of State." No checks received for payment of state fees, taxes, or other charges are to be returned because of the incorrect designation of payee and no state entity shall discard any forms or expend any funds to update forms merely to comply with the designation of payment.

(2) The treasurer shall have discretion to set policies concerning the acceptance, honoring, or cashing of any check drawn upon a financial institution chartered or organized outside the jurisdiction of the United States.

(3) All checks must have a proper routing number and account number on the bottom of the check. Any check that does not have this information may be rejected by the depositing financial institution of the state treasury and be returned to the state entity.

(4) Written and legal amounts must match.

(5) Signature line or lines must be signed.

(6) Checks presented shall have a valid date and shall be presented before their stale date.

(7) All staples and stubs shall be removed from all checks.

(8) If the check has an amount limit, the check may not exceed that limit.

(9) Checks shall not be folded or mutilated when bundled. All checks must be presented in good condition when deposited into the state treasury.

(10) All checks shall be stamped on the back with a state entity identifier stamp. The stamp may also state 'For Deposit Only' if desired.

(D) Incoming ACH/wire designation of payment

All state entities receiving ACH or wire payments must instruct the payer to clearly identify the state entity receiving the funds. The state entity can be identified by name or by a three- or four-character acronym.

(E) Batch and deposit preparation for financial institutions

(1) Cash shall be in a separate bundle with a deposit ticket attached.

(2) Checks denominated in U.S. dollars must be bundled as follows:

(a) No more than one hundred checks per bundle;

(b) Accompanied by a list tape displaying the total amount of the deposit (including single check deposits). Each check must be separately listed on the list tape; and

(3) All foreign checks must be separated into a separate check bundle, list tape, and deposit ticket.

(4) All deposits must be placed in a tamper-proof deposit bag. Bundles of cash and/or checks can be placed in the same tamper-proof deposit bag.

(F) Revenue pay-in document preparation for the treasurer of state

(1) A single revenue pay-in document may be prepared for multiple deposit tickets.

(2) The revenue pay-in document and copies of the related deposit ticket(s) shall be submitted to the treasurer.

(3) The revenue pay-in document shall not be placed inside the tamper-proof deposit bag.

(4) List and label adjustments, bad checks, cash, and checks separately in the "detailed description of revenue by source" section of the state entity's revenue pay-in document.

(5) When a revenue pay-in document includes bad checks, deposit corrections, or other adjustments, the state entity shall submit a photocopy of the original revenue pay-in document with the adjusted pay-in document.

(6) Any revenue pay-in document that has multiple wires or ACH transactions must list them separately on the revenue pay-in document.

(7) A single wire or ACH transaction must not be separated between more than one revenue pay-in document.

(8) All revenue pay-in documents must have a contact name and phone number.

(9) All revenue pay-in documents must be approved by the state entity prior to submission to the treasurer.

(10) Revenue pay-in documents that do not follow these procedures will not be accepted.

Last updated May 16, 2022 at 8:20 AM

History

Effective: May 14, 2022
Promulgated Under: 119.03

Ohio Adm.Code 113-1-03 Procedures for checks not accepted for deposit.

(A) Upon the return of a deposit item, the treasurer shall give electronic notification of such return to the state entity that submitted the item for deposit. The state entity shall reimburse the state treasury for the amount of the returned item. Reimbursement may be by negative revenue pay-in document, or reduction of revenue pay-in document. If reimbursement is not otherwise made, the treasurer shall prepare and process a revenue modification document in the amount of the returned item.

(B) For state entity bank accounts so designated by the treasurer, the treasurer may instruct the bank to return checks that were not accepted for deposit directly to the state entity. In this case, the state entity is to deduct the returned item from the pay-in document for the state entity's deposit in that account for the same business day.

Last updated June 25, 2025 at 6:01 PM

History

Effective: February 16, 2023
Promulgated Under: 111.15

Ohio Adm.Code 113-1-04 Payments out of the state treasury.

(A) All payments out of the state treasury shall be by order of the director of budget and management by warrant or electronic transfer of funds.

(B) The treasurer shall manage the timing of payments out of the state treasury so as to provide for orderly and measured payments out of the state treasury.

(C) Warrants drawn on the state treasury will be honored at the depositing financial institution of the state treasury. The negotiation of warrants is subject to the rules and conditions set out by the financial institution of the state treasury and subject to limitations of cash on hand.

Last updated May 16, 2022 at 8:20 AM

History

Effective: May 14, 2022
Promulgated Under: 119.03

Ohio Adm.Code 113-1-06 Reparations rotary reporting for courts.

The payment of all reparations rotary fees pursuant to sections 177.011, 917.99, 1901.26, 1907.24, 2303.201, 2743.70, 2923.32, 2923.34, 2929.18, 2929.28, 2929.32, 2937.22, 2949.091, 2949.094, 2953.25, 2953.32, 2953.35, 2953.36, 3109.14, 3705.242, 4301.57, 4510.022, 4510.13, 4511.19, 4511.81, 4513.263, 4707.99, 4738.13, and 5503.04 shall be made in accordance with this rule.

(A) Method of payment

All payments must be made by electronic funds transfer through the treasurer of state's online payment processing system and remitted pursuant to procedures prescribed by the treasurer of state.

(B) Timeliness of payment

The payments must be made on a monthly basis within thirty calendar days following the end of each month unless otherwise directed by statute.

Last updated June 25, 2025 at 6:01 PM

History

Effective: March 28, 2024
Promulgated Under: 111.15

Chapter 113-2 State Agency Custodial Account

Ohio Adm.Code 113-2-01 State entity custodial bank accounts.

(A) As used in this chapter, "state entity" means any state entity, board, commission, or retirement system.

(B) Any state entity requesting a custodial bank account must do so in writing to the treasurer. Specific statutory authority to establish an account outside of the state treasury must be cited.

(C) The treasurer shall make a recommendation to the state board of deposit for award of the custodial bank account to a designated financial institution eligible to hold active deposits in accordance with section 135.12 of the Revised Code. Banking needs of the state entity will be taken into consideration during this process.

(D) The award of a custodial bank account shall remain in effect until the next designation period as mandated by section 135.12 of the Revised Code unless a state entity requests a change of financial institution, and such request is approved by a majority vote of the board of deposit.

(E) Within three business days of the physical receipt (e.g., cash or checks) by a state entity or the electronic deposit (e.g., checks scanned for deposit, wire or ACH transactions, or revenue from financial transaction devices) into a state entity's custodial bank account established by the treasurer, all amounts received shall be electronically reported to the treasurer as revenue via a method approved by thetreasurer.

(F) State entities making investments shall provide the treasurer a list of individuals who are authorized to provide investment instructions, including cash requirements and participation in the state treasurer's investment pool.

(G) State entities with custodial bank accounts shall provide the treasurer with a list of individuals who are authorized to request withdrawals from the custodial bank account. Withdrawals shall be by a payment instrument approved by the treasurer including but not limited to check, initiating book transfers, or wire or ACH transactions. Authorized individuals who will be signing checks, initiating book transfers, or initiating wire or ACH transactions drawn on the custodial bank account must also provide their signature on a form as specified by the financial institution.

(H) At the discretion of the treasurer, a retirement system may be granted permission to designate authorized individuals to initiate and process book transfers, and wire or ACH transactions.

(I) Each state entity shall keep its list of individuals authorized in accordance with paragraphs (G) and (H) of this rule current and shall immediately notify the treasurer and the financial institution(s) which has been awarded its custodial account(s) in writing if an authorized individual's authority has been revoked.

(J) The complete list of authorized individuals and their account access will be subject to attestation on at least an annual basis.

(K) Withdrawals shall be requested by an individual authorized in accordance with paragraphs (G) and (H) of this rule via a method approved by the treasurer. By executing the request, the individual certifies that the withdrawal or expenditure of funds from a custodial bank account is for a proper and legitimate use of such funds. Relying upon the state entity's verification of cash availability, the treasurer shall process the request for withdrawal by book transfer, or wire or ACH transactions as indicated on the request to the treasurer.

(L) State entities with custodial bank accounts may issue checks drawn on the accounts, either directly through the financial institution or manually. When manually writing checks, the state entity must take proper steps to safeguard the integrity and security of the check stock by implementing advanced security measures.

(M) State entities must report to the treasurer the total dollar amount of checks cleared daily.

(N) State entities can check activity in their custodial bank account(s) using the designated financial institution's web portal, including cashed, unredeemed, and returned items.

Last updated June 11, 2026 at 2:03 AM

History

Effective: June 11, 2026
Promulgated Under: 111.15

Chapter 113-3 Contingent Fund

Ohio Adm.Code 113-3-01 Treasurer's contingent fund.

(A) All money collected by the treasurer that, in the treasurer's discretion, is provisional in nature or the disposition of which cannot be determined immediately, shall be deposited to the treasurer's contingent fund.

(B) Any state entity that receives money which the state entity believes is provisional in nature or the disposition of which cannot be determined immediately, may request approval by the treasurer for deposit into the contingent fund. Such requests shall be in writing and shall include the state entity's reasons for believing that the money should be deposited in the contingent fund and not into or as a part of the state treasury. The state entity shall provide such additional information as may be required by the treasurer in considering a request.

(C) In making a determination on a request, the treasurer shall consider the nature of the money (i.e., escrow, refund, etc.), whether other feasible methods of accounting for the money exist, and such other factors or information as the treasurer deems appropriate to each particular circumstance. The treasurer shall notify the state entity, in writing, of the approval or denial of a request.

(D) Upon receipt of the approval of a request, the state entity shall provide to the treasurer a list of signatures of three individuals who are authorized to request withdrawals of the money.

(E) Deposit of moneys approved for inclusion in the treasurer's contingent fund shall be on contingency fund forms.

(F) Withdrawal of money in the treasurer's contingent fund shall be requested on contingency withdrawal forms. The state entity seeking withdrawal shall also provide sufficient documentation to adequately prove the funds belong to the entity. The state entity's authorized signers must certify that the withdrawal is for a proper and legitimate use of such money. The treasurer of state will determine if the documentation adequately supports the claim.

(G) Deposits of moneys in the treasurer's contingent fund shall be available for withdrawal until the subsequent fiscal year has concluded. If there are no valid requests for withdrawal at the end of the subsequent fiscal year, the treasurer of state will transfer the moneys into the general revenue fund.

Last updated February 15, 2022 at 6:02 PM

History

Effective: February 16, 2017
Promulgated Under: 111.15

Chapter 113-4 Intangible, Franchise, and Excise Tax Payments

Ohio Adm.Code 113-4-01 Intangible property tax and insurance company franchise tax payments.

The payment of any tax bill issued pursuant to section 5725.22 of the Revised Code shall be made in accordance with the provisions of this rule.

(A) Method of payment

Payments must be made by electronic funds transfer and payable in United States dollars. The electronic funds transfer payment must clearly identify the specific taxpayer's account number so that proper credit can be given. Unidentifiable payments may be rejected at the discretion of the treasurer.

(B) Timeliness of payment

The payment must be made to the treasurer on or before the due date specified on the tax bill or by the end of the first business day immediately following the due date, if such due date falls on a Saturday, a Sunday or a holiday. For purposes of determining the timeliness of a payment and the imposition of any penalty for late payment, as may be provided for by law, payment is considered to be made when it is deposited into the state's designated insurance premium bank account as a payment made by or on behalf of a specific taxpayer.

Last updated January 2, 2024 at 9:06 AM

History

Effective: January 1, 2024
Promulgated Under: 111.15

Ohio Adm.Code 113-4-03 Motor vehicle and watercraft sales and use tax.

The payment of all motor vehicle and watercraft sales and use tax pursuant to sections 4505.06 and 1548.06 shall be made in accordance with this rule.

(A) Method of payment

Payments must be made by electronic funds transfer through the treasurer of state's online payment processing system and remitted pursuant to procedures prescribed by the treasurer of state.

(B) Timeliness of payment

Each county clerk shall forward to the treasurer of state all sales and use tax collections resulting from sales of motor vehicles, off-highway motorcycles, all-purpose vehicles, titled watercraft and outboard motors during a calendar week on or before the Friday following the close of that week. If, on any Friday, the offices of the clerk of courts or the state are not open for business, the tax shall be forwarded to the treasurer of state on or before the next day on which the offices are open. Upon receipt of a tax payment, the treasurer of state shall forward an online remittance report to the tax commissioner. If the tax due for any week is not remitted by a clerk of courts as required, the commissioner may require the clerk to forfeit the poundage fees for the sales made during that week.

Last updated January 2, 2024 at 9:06 AM

History

Effective: January 1, 2024
Promulgated Under: 111.15

Chapter 113-5 Continuing Education; Exemptions

Ohio Adm.Code 113-5-01 Subdivision treasurer continuing education exemptions.

(A) For the purposes referenced in division (A)(1) of section 135.22 of the Revised Code, the term "investment" does not include "active deposits" as defined in section 135.01 of the Revised Code. A subdivision treasurer, as defined in division (A)(1) of section 135.22 of the Revised Code, who does not utilize interim moneys and exclusively utilizes active deposits is not subject to annual continuing education requirements under division (B) of section 135.22 of the Revised Code as long as the treasurer of state is notified through the exemption process outlined under division (E) of section 135.22 of the Revised Code.

(B) Each subdivision treasurer who invests or deposits public moneys only in (1) interim deposits pursuant to division (B)(3) of section 135.14 of the Revised Code, (2) redeposits of interim moneys pursuant to section 135.145 of the Revised Code, (3) no-load money market mutual funds pursuant to division (B)(5) of section 135.14 of the Revised Code, and/or (4) the Ohio subdivision's fund as provided in section 135.45 of the Revised Code (commonly known as "STAR Ohio") pursuant to division (B)(6) of section 135.14 of the Revised Code, and who wishes to be exempted from the requirements of section 135.22 of the Revised Code shall complete the exemption process by following the instructions posted on the center for public investment management online portal located at: www.tos.ohio.gov on or before December thirty-first of the year in which the exemption is sought.

(C) If, during a year for which a subdivision treasurer has obtained an exemption from continuing education requirements, that subdivision treasurer invests or deposits public moneys in other than (1) interim deposits pursuant to division (B)(3) of section 135.14 of the Revised Code, (2) redeposits of interim moneys pursuant to section 135.145 of the Revised Code, (3) no-load money market mutual funds pursuant to division (B)(5) of section 135.14 of the Revised Code, and/or (4) STAR Ohio pursuant to division (B)(6) of section 135.14 of the Revised Code, the exemption granted to that subdivision treasurer is no longer valid, and that subdivision treasurer must then obtain the continuing education required by law.

Last updated April 3, 2024 at 2:38 PM

History

Effective: March 28, 2024
Promulgated Under: 111.15

Ohio Adm.Code 113-5-02 Sweep accounts.

(A) A sweep account is not considered an investment for the purpose of continuing education requirements under section 135.22 of the Revised Code, so long as the sweep account sweeps from one type of deposit or investment exempted from the continuing education requirements to another type of deposit or investment exempted from the continuing education requirements under division (E) of section 135.22 of the Revised Code. Therefore, a subdivision treasurer or fiscal officer who uses a sweep account for these purposes is not ineligible to obtain an exemption from continuing education requirements solely based on the use of such a sweep account.

Last updated November 29, 2023 at 1:46 PM

History

Effective: September 29, 2013
Promulgated Under: 111.15

Ohio Adm.Code 113-5-03 Continuing education hours.

(A) Each county treasurer who takes continuing education courses pursuant to division (B)(3)(a) of section 321.46 of the Revised Code shall complete:

(1) Twelve hours of such education in the subject areas of investments, cash management, the collection of taxes, ethics, and any other subject area that the treasurer of state determines is reasonably related to the duties of the office of the county treasurer; and

(2) Twelve hours of such education in the subject areas of governmental accounting, portfolio reporting and compliance, office management, and any other subject area that the auditor of state determines is reasonably related to the duties of the office of the county treasurer.

Last updated November 29, 2023 at 1:46 PM

History

Effective: February 16, 2017
Promulgated Under: 111.15

Ohio Adm.Code 113-5-04 County treasurer continuing education biennial cycle.

For the purposes referenced in division (B) of section 321.46 of the Revised Code, the "biennial cycle" runs from the first day of January of an odd-numbered year to the last day of December in the following even-numbered year. Therefore, after a county treasurer completes twelve months in office after being sworn in, the continuing education's biennial cycle requirements will initiate on the first day of January of the next odd-numbered year and must be completed by the last day of December of the following even-numbered year.

Last updated February 14, 2022 at 9:07 AM

History

Effective: February 14, 2022
Promulgated Under: 119.03

Ohio Adm.Code 113-5-05 Initial education requirements for appointed and specially elected county treasurers.

County treasurers who are appointed or specially elected to fill a county treasurer vacancy shall complete initial education requirements, as prescribed by division (B) of section 321.46 of the Revised Code, within four months after taking the oath of office.

(A) If the specially elected or appointed county treasurer cannot reasonably complete their auditor of state initial training requirements within the four-month time-period, the auditor of state may enter into a written agreement with the county treasurer to extend the timeline outlined in this rule for completing the requirements under division (B)(1) of section 321.46 of the Revised Code.

(B) If the specially elected or appointed county treasurer cannot reasonably complete their treasurer of state initial training requirements within the four-month time-period, the treasurer of state may enter into a written agreement with the county treasurer to extend the timeline outlined in this rule for completing the requirements under division (B)(2) of section 321.46 of the Revised Code.

Last updated February 14, 2022 at 9:08 AM

History

Effective: February 14, 2022
Promulgated Under: 119.03

Chapter 113-6 Investment Rating Standards

Ohio Adm.Code 113-6-01 Investment rating standards.

(A) As used in this rule:

(1) "NRSRO" means a credit rating agency duly registered with the securities and exchange commission as a nationally recognized statistical rating organization.

(2) "Fitch" means Fitch ratings, inc. or its successor.

(3) "Moody's" means Moody's investors service, inc. or its successor.

(4) "S&P" means S & P global ratings or its successor.

(B) For purposes of sections 135.143, 135.45, and 135.46 of the Revised Code:

(1) Any reference to the "highest letter or numerical rating" or "highest category" means (a) Fitch rating AAAmm; (b) Moody's rating Aaa-mf; (c) S&P rating AAAm; and (d) the equivalent rating assigned to money market funds by any other NRSRO. The state treasurer's investment pool created by section 135.45 of the Revised Code is rated as if it were a money market fund.

(2) Any reference to the "two highest categories" or "two highest classifications" of a rating means (a) Fitch short-term rating categories F1 and F2 or long-term rating categories AAA and AA and any gradation within such categories; (b) Moody's short-term rating categories P-1 and P-2 or long-term rating categories Aaa and Aa and any gradation within such categories; (c) S&P short-term rating categories A-1 and A-2 or long-term rating categories AAA and AA and any gradation within such categories; and (d) the equivalent short-term or long-term rating categories and any gradation within such categories by any other NRSRO.

(3) Any reference to the "three highest categories" of a rating means (a) Fitch short-term rating categories F1, F2, and F3 or long-term rating categories AAA, AA, and A and any gradation within such categories; (b) Moody's short-term rating categories P-1, P-2, and P-3 or Moody's equivalent rating for municpal or variable rate demand obligation short-term securities or long-term rating categories Aaa, Aa, and A and any gradation within such categories; (c) S&P short-term rating categories A-1, A-2, and A-3 or long-term rating categories AAA, AA, and A and any gradation within such categories; and (d) the equivalent short-term or long-term rating categories and any gradation within such categories by any other NRSRO. There are only three categories for short-term ratings.

(4) Any reference to the "four highest categories" of a rating means (a) Fitch long-term rating categories AAA, AA, A, and BBB and anygradation within such categories; (b) Moody's long-term rating categories Aaa, Aa, A, and Baa and any gradation within such categories; (c) S&P long-term rating categories AAA, AA, A and BBB and any gradation within such categories; and (d) the equivalent long-term rating categories and any gradation within such categories by any other NRSRO.

(5) Any reference to the "fourth highest category" means (a) Fitch rating category BBB and any gradation within such category; (b) Moody's rating category Baa and any gradation within such category; (c) S&P rating category BBB and any gradation within such category; and (d) the equivalent long-term rating category and any gradation within such category by any other NRSRO.

Last updated April 7, 2026 at 7:45 AM

History

Effective: April 3, 2026
Promulgated Under: 111.15

Chapter 113-7 Linked Deposit Program

Ohio Adm.Code 113-7-01 Linked deposit program definitions.

(A) As used in this chapter:

(1) "Active deposit" shall have the same meaning as in section 135.01 of the Revised Code.

(2) "Eligible credit union" shall have the same meaning as in section 135.62 of the Revised Code

(3) "Deposit Agreement" means the agreement between the eligible credit union and the treasurer of state entered into pursuant to section 135.623 or section 135.703 of the Revised Code.

(4) "Interim deposit" and "interim moneys" shall have the same meanings as in section 135.01 of the Revised Code.

(5) "Interim funds" means public moneys in the state treasury that are not active deposits and may be invested in accordance with section 135.143 of the Revised Code.

(6) "Linked deposit program" shall have the same meaning as in sections 135.62 and 135.70 of the Revised Code.

(7) "Public deposit" shall have the same meaning as in section 135.01 of the Revised Code.

(8) "Public depository" shall have the same meaning as in section 135.01 of the Revised Code.

(9) "Public moneys" shall have the same meaning as in section 135.01 of the Revised Code.

(10) "Treasurer of state's assessment rate" shall have the same meaning as in section 135.62 of the Revised Code.

(11) "Uninsured public deposit" means the portion of a public deposit that is not insured by the national credit union administration or any other agency or instrumentality of the federal government.

(B) This chapter shall govern the participation of eligible credit unions in linked deposit programs, as authorized under section 135.61 of the Revised Code. Any requirements of Chapter 135. of the Revised Code generally applicable to a public depository and not expressly clarified in this chapter shall be applicable to an eligible credit union.

Last updated January 2, 2024 at 9:06 AM

History

Effective: January 1, 2024
Promulgated Under: 111.15

Ohio Adm.Code 113-7-02 Eligibility of credit unions.

(A) Pursuant to division (A)(8) of section 135.143 of the Revised Code, the treasurer of state may invest or execute transactions for the interim funds of the state in the various linked deposit programs subject to the limitations and provisions set forth in section 135.61 of the Revised Code.

(B) The state board of deposit shall designate eligible credit unions as public depositories pursuant to section 135.12 of the Revised Code. Such designation applies only for interim deposits, not for active deposits, in accordance with section 135.143 of the Revised Code.

(C) No eligible credit union is eligible to become a public depository or to receive any new interim funds if the eligible credit union or any of its directors, officers, employees, or controlling shareholders or persons is currently a party to an active final or temporary cease-and-desist order issued to ensure the safety and soundness of the institution.

(D) No eligible credit union is eligible to receive or hold interim deposits other than those invested by the treasurer of state through the various linked deposit programs authorized under section 135.61 of the Revised Code.

(E) Eligible credit unions may not engage in the redeposit of public moneys pursuant to section 135.145 of the Revised Code.

Last updated January 2, 2024 at 9:07 AM

History

Effective: January 1, 2024
Promulgated Under: 111.15

Ohio Adm.Code 113-7-03 Application for and investment of interim moneys for credit unions.

(A) Share certificates purchased and deposit accounts placed by the treasurer of state pursuant to the various linked deposit programs authorized under section 135.61 of the Revised Code are public deposits for the purposes of Chapter 135. of the Revised Code.

(B) Each eligible credit union desiring to participate in any linked deposit program as a public depository of interim moneys of the state shall, not more than one hundred twenty days prior to the date fixed by section 135.12 of the Revised Code for the designation of public depositories, make application therefor in writing to the state board of deposit. Such application shall specify the maximum amount of such public moneys which the applicant desires to receive and have on deposit as interim moneys at any one time during the period covered by the designation, provided that it shall not apply for more than thirty per cent of its total assets as revealed by its latest report to the national credit union administration, subject to the limitations of Chapter 135. of the Revised Code.

Each application shall be accompanied by a financial statement of the applicant, under oath of its cashier, treasurer, or other officer, in such detail as to show the capital funds of the applicant, as of the date of its latest report to the national credit union administration, and adjusted to show any changes therein made prior to the date of the application.

(C) Pursuant to section 135.13 of the Revised Code, interim moneys shall be evidenced by time certificates of deposit or by savings or deposit accounts, including, but not limited to, passbook accounts, share accounts, or share certificates.

(D) Interest on interim moneys shall be paid or credited by an eligible credit union to the treasurer of state according to the terms and conditions of the deposit agreement.

(E) An officer, director, shareholder, employee, or owner of any interest in an eligible credit union receiving interim moneys pursuant to the various linked deposit programs authorized under section 135.61 of the Revised Code shall not be deemed to be interested, either directly or indirectly, as a result of such relationship, in such interim moneys for the purpose of any law of this state prohibiting an officer of the state or of any subdivision from being interested in any contract of the state or of the subdivision.

Last updated January 2, 2024 at 9:07 AM

History

Effective: January 1, 2024
Promulgated Under: 111.15

Ohio Adm.Code 113-7-04 Collateral and insurance.

(A) Each eligible credit union receiving interim moneys under the various linked deposit programs authorized under section 135.61 of the Revised Code shall provide security for the repayment of all interim moneys by securing all uninsured public deposits of the state as set forth in divisions (B) to (J) of section 135.18 of the Revised Code.

(B) The treasurer of state shall not take into account private share insurance held by an eligible credit union when calculating the uninsured amount of public moneys held by such eligible credit union. All public moneys held by an eligible credit union that are not insured by the national credit union administration or another agency or instrumentality of the federal government are uninsured public deposits that must be collateralized in accordance with section 135.18 of the Revised Code.

(C) The treasurer of state will not accept private excess share insurance as collateral for interim moneys held by an eligible credit union pursuant to the various linked deposit programs authorized under section 135.61 of the Revised Code.

Last updated January 2, 2024 at 9:07 AM

History

Effective: January 1, 2024
Promulgated Under: 111.15

Ohio Adm.Code 113-7-05 Treasurer of state's assessment rate.

(A) The treasurer of state may require an eligible credit union that holds public deposits under section 135.61 of the Revised Code to pay interest at a rate not lower than the product of the interest rate set in the deposit agreement multiplied by the sum of one plus the treasurer of state's assessment rate.

(B) The treasurer of state's assessment rate shall be less than or equal to three per cent.

Last updated January 2, 2024 at 9:07 AM

History

Effective: January 2, 2024
Promulgated Under: 119.03

Chapter 113-8 Contracting Program Authority

Ohio Adm.Code 113-8-01 Pay for success contracting program authority.

Pursuant to sections 113.60 to 113.62 of the Revised Code, the treasurer of state may adopt rules in accordance with Chapter 119. of the Revised Code to administer the pay for success contracting program and shall adopt rules pursuant to division (D) of section 113.60 of the Revised Code.

Last updated August 13, 2025 at 8:43 AM

History

Effective: August 13, 2020
Promulgated Under: 119.03

Ohio Adm.Code 113-8-02 Definitions.

"Applicant" means a person, state agency, political subdivision, service intermediary, service provider, investor, or any combination thereof, who files an application for evaluation prior to entering in to a pay for success contract with the treasurer of state.

"Cost of the contract" means any costs associated with a pay for success contract or administering a pay for success contract, as determined by the treasurer of state, including but not limited to, administrative costs, installment payments, and costs related to contract with an independent evaluator.

"Independent Evaluator" is a person or government entity, other than a state agency, a political subdivision, or a group of state agencies or political subdivisions that requested the treasurer and, as applicable the director of administrative services, to enter into the contract, and is independent from the service intermediary and the service provider, ensuring that the evaluator does not have common owners or administrators, managers, or employees with the service intermediary or the service provider.

"Installment payments" means any payments to be paid under a pay for success contract.

"Owner" means any person who holds a direct or indirect ownership interest in an applicant or has the right to control an applicant, except any person who holds an interest of less than twenty-five per cent of an applicant and does not exercise influence over the affairs of an applicant.

"Pay for success application" means the application and any supplemental forms submitted to the treasurer of state.

"Pay for success contract" means a pay for success contract entered into under sections 113.60 to 113.62 of the Revised Code and sections 113-8-3 of the Administrative Code.

"Pay for success fund" means one or more of the funds created pursuant to divisions (A) to (C) of section 113.62 of the Revised Code.

"Person" means any individual, corporation, business trust, estate, trust, partnership, association, any other business entity or organization, or any other legal entity that is capable of engaging in business.

"Service intermediary" has the same meaning as in section 113.60 of the Revised Code.

"Service provider" means any person who is either the service intermediary, or person who enters into a contract with a service intermediary to perform services under a pay for success contract.

"State agency" and "political subdivision" have the same meanings as in section 9.23 of the Revised Code.

Last updated August 13, 2025 at 8:43 AM

History

Effective: August 13, 2020
Promulgated Under: 119.03

Ohio Adm.Code 113-8-03 Procedure for entering into a pay for success contract.

(A) The treasurer of state, and as applicable the director of administrative services, may enter into a pay for success contract upon receipt of an appropriation from the general assembly, or receipt of funds from the federal government, for the purpose of entering into a pay for success contract or at the request of a state agency, political subdivision, or group of state agencies or political subdivisions.

(B) The treasurer of state may release notices to accept pay for success applications in order to evaluate potential pay for success projects, including, but not limited, at the direction of the general assembly and at the request of a state agency, political subdivision, or group of state agencies or political subdivisions.

(1) The treasurer of state shall provide the required application, and any supplemental forms, that an applicant must submit. The treasurer of state shall have the authority to amend the application and any supplemental forms.

(2) The treasurer of state shall have the authority to investigate any applicant or information submitted and request any other information, background checks, documentation, or materials.

(3) The treasurer of state may assess an applicant a fee to pay or reimburse the treasurer of state for actual costs of investigations related to an application or other costs of administering the pay for success contracting program, including any costs associated with conducting background checks. Any fees or reimbursements collected under this section shall be deposited into the fund from which the original expenditure was made or into a fund for which the fee or reimbursement is appropriate.

(C) The treasurer of state, and as applicable, the director of administrative services, is not required to enter into a pay for success contract on behalf of a requesting state agency, political subdivision, or group of state agencies or political subdivisions.

(D) The treasurer of state is not required to identify, apply for, or enter into an agreement to apply for federal grant moneys on behalf of any requesting state agency, political subdivision, or group through its administration of the pay for success contracting program.

(E) For each pay for success contract, the treasurer of state and, as applicable, the director of administrative services shall enter into a contract with an independent evaluator to evaluate whether the service provider has met the performance targets specified in the pay for success contract, pursuant to division (B) of section 113.61 of the Revised Code.

For any pay for success contract where the treasurer of state is the requesting agency, the department of administrative services shall select the independent evaluator to evaluate whether the service provider has met the performance targets.

Last updated August 13, 2025 at 8:44 AM

History

Effective: August 13, 2020
Promulgated Under: 119.03

Ohio Adm.Code 113-8-04 Pay for success fund.

(A) If the treasurer of state, and as applicable, the director of administrative services, does elect to enter into a pay for success contract, the requesting state agency, political subdivision, or group of state agencies or political subdivisions shall deposit the cost of the contract, as determined by the treasurer of state, in the appropriate fund established under section 113.62 of the Revised Code.

(B) If the federal grant moneys are received and those moneys do not cover all of the cost of the contract, the requesting state agency, political subdivision, or group of state agencies or political subdivisions shall deposit the remainder of the cost of the contract, as determined by the treasurer of state, into the appropriate pay for success fund under section 113.62 of the Revised Code.

(1) If a pay for success contract is funded by a state agency or political subdivision, the requesting state agency or political subdivision shall deposit into the applicable pay for success fund the cost of the contract, and used in accordance with divisions (A) to (C) of section 113.62 of the Revised Code, as applicable.

(2) If a pay for success contract is funded by general assembly appropriation, those funds shall be deposited into the applicable pay for success fund upon receipt, and used in accordance with division (A) of section 113.62 of the Revised Code.

(3) If a pay for success contract is funded by federal grant moneys, those funds shall be deposited into the applicable pay for success fund upon receipt, and used in accordance with division (B) of section 113.62 of the Revised Code. Federal grant moneys and any other funds received by the treasurer of state shall not constitute state funds for purposes of division (B)(2)(b) of section 113.60 of the Revised Code.

(4) If one pay for success contract is funded by more than one of the sources set forth in this paragraph, those moneys shall be deposited into the applicable pay for success fund and earmarked for that project.

(D) Costs related to a contract with an independent evaluator may be paid from funds on deposit in a pay for success fund.

(E) The treasurer of state may create and hold one or more trust accounts or escrow accounts with a corporate trustee or escrow agent, which trustee or escrow agent may be any trust company or bank having the powers of a trust company within or without the state, within which the treasurer of state may deposit any moneys on deposit in a pay for success fund pursuant to section 113.62 of the Revised Code, or any other funds received from any person to be used for purposes under sections 113.60 to 113.62 of the Revised Code. In the sole discretion of the treasurer of state, any installment payments payable under sections 113.60 to 113.62 of the Revised Code may be secured by one or more trust agreements or escrow agreements between the treasurer of state and a corporate trustee or escrow agent, under which the treasurer of state may pledge or assign any funds on deposit in a pay for success fund pursuant to section 113.62 of the Revised Code, or any other funds received from any person to be used for purposes under sections 113.60 to 113.62 of the Revised Code. All expenses incurred in carrying out the provisions of this section may be treated as a part of the cost of administration of the pay for success contracting program and may be paid from funds on deposit in a pay for success fund.

Last updated August 13, 2025 at 8:44 AM

History

Effective: August 13, 2020
Promulgated Under: 119.03

Ohio Adm.Code 113-8-05 Regional and national data used in pay for success contracts.

(A) In not less than seventy-five per cent of the pay for success contracts entered into under Chapter 113. of the Revised Code, the performance targets specified in the contract shall require that, based on available regional or national data, the improvement in the status of this state or the relevant area of this state with respect to the issue the contract is meant to address be greater than the average improvement in status with respect to that issue in other geographical areas during the period of the contract.

(B) An independent evaluator who is providing evaluation services for a pay for success contract shall review any regional or national data that will be used to determine whether performance targets have been met under a pay for success contract to ensure that the data is scientifically valid.

Last updated August 13, 2025 at 8:44 AM

History

Effective: August 13, 2020
Promulgated Under: 119.03

Chapter 113-10 Investment Pool

Ohio Adm.Code 113-10-01 Treasurer's investment pool.

(A) Any political subdivision desiring to participate in the treasurer's investment pool must complete an application and such other forms as specified by the treasurer. It is the responsibility of a political subdivision to ensure that the subdivision's participation in the treasurer's investment pool is authorized by local law or that its participation has been authorized by the appropriate local public officials.

(B) Deposits into the treasurer's investment pool will be accepted by ACH, wire transfer, or other method as may be authorized by the treasurer. To the extent deemed practical by the treasurer, there shall be no minimum dollar amount of deposits or minimum period of time for which deposits must remain in the state treasurer's investment pool. At the treasurer's discretion, advanced notice requirements and/or daily size limitations may be imposed for deposits. All such transaction limits and advance notice requirements will be disclosed to participants All accounts of the participant will be combined for the purposes of calculating transaction dollar limitations.

(C) Deposits by wire transfer or ACH must be received by the custodian bank no later than the cut-off time as determined by the discretion of the treasurer in order to receive that day's interest. Deposits by check will become effective when collected funds are received by the custodian bank. Such funds will then be credited to the participant's account.

(D) Redemptions will be allowed against participants' accounts by ACH, wire transfer, or other method as authorized by the treasurer. Redemptions by wire transfer will be executed on the same business day as requested, provided that a written redemption request or telephone instructions are received by the co-administrator prior to the cut-off time as determined by the treasurer. Any requests for redemption must be authorized by one or more of the appropriate individuals identified in the forms as provided in paragraph (A) of this rule. At the treasurer's discretion advance notice requirements and/or daily size limitations may be imposed for redemptions. All such transaction limits and advanced notice requirements will be disclosed to participants. All accounts of the participant will be combined for the purpose of calculating transaction dollar limitations.

(E) If a deposit has been made by ACH and a redemption is requested, the deposit by ACH must be credited by the custodian bank prior to processing the redemption. The treasurer's investment pool may reject the redemption request if the ACH has not been credited.

(F) Interest will be declared and accrued daily to each account in the treasurer's investment pool. As used in this rule, "interest" means the gross income of the investment pool minus expenses incurred in the administration of the investment pool.

(G) Interest shall be credited to each participant's account on the day of deposit, as provided in paragraph (C) of this rule; however, no interest shall be credited on the day of redemption for the amount withdrawn.

(H) The treasurer's investment pool shall provide monthly statements to each participant in the pool summarizing the account activity of that participant and the interest credited to that participant's account.

(I) A participant in the treasurer's investment pool may elect to have any monies due from the state of Ohio or from any other source either wired or sent by ACH directly to the custodian bank for credit to their investment pool account, as provided in paragraph (C) of this rule.

(J) Notwithstanding the specific provisions of this rule, the treasurer may take whatever action the treasurer deems appropriate or necessary to protect the participants in and the integrity of the treasurer's investment pool. The treasurer may appoint such administrators, custodians, investment managers, transfer agents, dividend agents, rating agency, or any other entities that the treasurer deems necessary for the efficient administration of the investment pool.

(K) Investment advisor and administrative expense fees paid to the treasurer shall be used solely to pay budgeted and appropriated operating expenses of the treasurer of state's office.

Last updated February 17, 2023 at 3:08 PM

History

Effective: February 16, 2023
Promulgated Under: 111.15

Ohio Adm.Code 113-10-02 Separately managed accounts.

(A) "STAR SMA" means the state treasury asset reserve of Ohio separately managed accounts.

(B) It is the responsibility of a political subdivision to ensure that the subdivision's participation in STAR SMA is authorized by local law or that its participation has been authorized by the appropriate local public officials. From time to time, the treasurer may verify a participant's continuing eligibility.

(D) STAR SMA shall make available periodic statements to each participant in STAR SMA summarizing the account activity and performance of that participant's account.

(E) Any entity that maintains a custodial account with the treasurer of state and is otherwise eligible may participate in STAR SMA.

(F) Notwithstanding the specific provisions of this rule, the treasurer may take whatever action the treasurer of state deems appropriate or necessary to protect the participants in and the integrity of STAR SMA. The treasurer may appoint such administrators, custodians, investment managers, transfer agents, dividend agents, rating agency, or any other entities that the treasurer deems necessary for the efficient administration of STAR SMA.

(G) The treasurer of state may collect fees for the administrative expenses of STAR SMA. The fees paid shall be used solely to pay budgeted and appropriated state expenses of the treasurer of state's office.

Last updated February 17, 2023 at 3:08 PM

History

Effective: February 16, 2023
Promulgated Under: 111.15

Chapter 113-20 Taxable Investment Pool; Notice

Ohio Adm.Code 113-20-01 Notice of promulgation of rules and regulations.

(A) The treasurer shall publish notice of public hearings to be conducted for the purpose of adopting, amending or rescinding rules under section 135.46 of the Revised Code in the register of Ohio.

(B) The notice shall be given at least thirty days, but not more than fifty days, prior to the hearing. The notice shall state the treasurer's intention to adopt, amend or rescind a rule; shall include a synopsis of the proposed rule, amendment or rule to be rescinded, shall state the reason for adopting, amending or rescinding the rule; and shall enumerate the date, time and place of the hearing. The notice shall also state the manner in which copies of the proposed rule, amendment or rule to be rescinded may be obtained.

(C) The treasurer shall furnish the public notice required under section 119.03 of the Revised Code and as detailed by paragraph (B) of this rule to any person who requests notice and pays a reasonable fee, not to exceed the cost of copying and mailing.

(D) The treasurer may give additional notice of such public hearing as the treasurer deems necessary, however, the giving of such additional notice is not mandatory, and failure to give notice by any means other than as specified in paragraphs (A) and (C) of this rule will not in any way invalidate any action which may be taken by the treasurer.

Last updated November 29, 2023 at 1:46 PM

History

Effective: June 28, 2007
Promulgated Under: 119.03

Chapter 113-25 Confidential Personal Information Systems

Ohio Adm.Code 113-25-01 Confidential personal information systems.

The treasurer of state herein establishes a rule for the protection of confidential personal information. The treasurer of state systems maintained in the regular course of business that contain personal information that is confidential in nature will be accessed in accordance with this rule established pursuant to division (B) of section 1347.15 of the Revised Code.

(A) Definitions.

(1) "Access" as a noun means an instance of copying, viewing, or otherwise perceiving whereas "access" as a verb means to copy, view, or otherwise perceive.

(2) "Acquisition of a new computer system" means the purchase of a "computer system," as defined in this rule, that is not a computer system currently in place nor one for which the acquisition process has been initiated as of the effective date of the treasurer of state rule addressing requirements in section 1347.15 of the Revised Code.

(3) "Computer system" means a "system," as defined by division (F) of section 1347.01 of the Revised Code that stores, maintains, or retrieves personal information using electronic data processing equipment.

(4) "Confidential personal information" (CPI) has the meaning as defined by division (A)(1) of section 1347.15 of the Revised Code and identified by rules promulgated by the treasurer of state in accordance with division (B)(3) of section 1347.15 of the Revised Code that reference the federal or state statutes or administrative rules that make personal information maintained by the treasurer of state confidential.

(5) "Incidental contact" means contact with the information that is secondary or tangential to the primary purpose of the activity that resulted in the contact.

(6) "Individual" means a natural person or the natural person's authorized representative, legal counsel, legal custodian, or legal guardian.

(7) "Information owner" means the individual appointed in accordance with division (A) of section 1347.05 of the Revised Code to be directly responsible for a system.

(8) "Person" means a natural person.

(9) "Personal information" has the same meaning as defined in division (E) of section 1347.01 of the Revised Code.

(10) "Personal information system" means a "system" that "maintains" "personal information" as those terms are defined in division (E) of section 1347.01 of the Revised Code. "System" includes manual and computer systems.

(11) "Research" means a methodical investigation into a subject.

(12) "Routine" means commonplace, regular, habitual, or ordinary.

(13) "Routine information that is maintained for the purpose of internal office administration, the use of which would not adversely affect a person" as that phrase is used in division (F) of section 1347.01 of the Revised Code means personal information relating to employees and maintained by the treasurer of state for internal administrative and human resource purposes.

(14) "System" has the same meaning as defined by division (F) of section 1347.01 of the Revised Code.

(15) "Upgrade" means a substantial redesign of an existing computer system for the purpose of providing a substantial amount of new application functionality, or application modifications that would involve substantial administrative or fiscal resources to implement, but would not include maintenance, minor updates and patches, or modifications that entail a limited addition of functionality due to changes in business or legal requirements.

(B) Procedures for accessing CPI.

For personal information systems, whether manual or computer systems that contain confidential personal information, the treasurer of state shall do the following:

(1) Criteria for accessing CPI. Personal information systems of the treasurer of state are managed on a "need-to-know" basis whereby the information owner determines the level of access required for an employee of the treasurer of state to fulfill his/her job duties. The determination of access to confidential personal information shall be approved by the employee's supervisor and the information owner prior to providing the employee with access to confidential personal information within a personal information system. The treasurer of state shall establish procedures for determining a revision to an employee's access to confidential personal information upon a change to that employee's job duties including, but not limited to, transfer or termination. Whenever an employee's job duties no longer require access to confidential personal information in a personal information system, the employee's access to confidential personal information shall be removed.

(2) Individual's request for a list of CPI. Upon the signed written request of any individual for a list of personal information about the individual maintained by the treasurer of state, the treasurer of state shall do the following.

(a) Verify the identity of the individual by a method that provides safeguards commensurate with the risk associated with the confidential personal information;

(b) Provide to the individual the list of confidential personal information that does not relate to an investigation about the individual or is otherwise not excluded from the scope of Chapter 1347. of the Revised Code; and

(c) If all information relates to an investigation about that individual, inform the individual that the treasurer of state has no confidential personal information about the individual that is responsive to the individual's request.

(3) Notice of invalid access.

(a) Upon discovery or notification that CPI of a person has been accessed by an employee for an invalid reason, the treasurer of state shall notify the person whose information was invalidly accessed as soon as practical and to the extent known at the time. However, the treasurer of state shall delay notification for a period of time necessary to ensure that the notification would not delay or impede an investigation or jeopardize homeland or national security. Additionally, the treasurer of state may delay the notification consistent with any measures necessary to determine the scope of the invalid access, including which individuals' confidential personal information invalidly was accessed, and to restore the reasonable integrity of the system.

"Investigation" as used in this paragraph means the investigation of the circumstances and involvement of an employee surrounding the invalid access of the CPI. Once the treasurer of state determines that notification would not delay or impede an investigation, the treasurer of state shall disclose the access to the CPI made for an invalid reason to the person.

(b) Notification provided by the treasurer of state shall inform the person of the type of CPI accessed and the date(s) of the invalid access.

(c) Notification may be made by any method reasonably designed to accurately inform the person of the invalid access, including written, electronic, or telephone notice.

(4) Appointment of a data privacy point of contact.

The treasurer of state shall designate an employee of the treasurer of state to serve as the data privacy point of contact. The data privacy point of contact shall work with the chief privacy officer within the office of information technology to assist the treasurer of state with both the implementation of privacy protections for the confidential personal information that the treasurer of state maintains and is compliant with section 1347.15 of the Revised Code and the rules adopted pursuant to the authority provided by that chapter.

(5) Completion of a privacy impact assessment.

The treasurer of state shall designate an employee of the office of the treasurer of state to serve as the data privacy point of contact who shall timely complete the privacy impact assessment form developed by the office of information technology.

Performing the following functions constitute valid reasons for authorized employees of the treasurer of state to access confidential personal information.

(1) Responding to a public records request;

(2) Responding to a request from an individual for the list of CPI the treasurer of state maintains on that individual;

(3) Administering a constitutional provision or duty;

(4) Administering a statutory provision or duty;

(5) Administering an administrative rule provision or duty;

(6) Complying with any state or federal program requirements;

(7) Processing or payment of claims or otherwise administering a program with individual participants or beneficiaries;

(8) Auditing purposes;

(9) Licensure [or permit, eligibility, filing, etc.] processes;

(10) Investigation or law enforcement purposes;

(11) Administrative hearings;

(12) Litigation, complying with an order of the court, or subpoena;

(13) Human resources matters (e.g., hiring promotion, demotion, discharge, salary/compensation issues, leave requests, time card approvals);

(14) Complying with an executive order or policy;

(15) Complying with a policy of the treasurer of state or a state administrative policy issued by the department of administrative services, the office of budget and management or other similar state agency; or

(16) Complying with a collective bargaining agreement provision.

(D) Confidentiality statutes.

The following federal statutes or regulations or state statutes and administrative rules make personal information maintained by the agency confidential and identify the confidential personal information within the scope of rules promulgated by the treasurer of state in accordance with section 1347.15 of the Revised Code.

(1) Social security numbers: 5 U.S.C. section 552a, unless the individual was told that the number would be disclosed;

(2) Criminal records check results: section 113.041 of the Revised Code;

(3) Medical information: The Americans with Disabilities Act, 42 U.S.C. Section 12112(d);

(4) Medical information: The Family Medical Leave Act, 29 U.S.C. Section 2601.

(5) Records exempt from disclosure under the Ohio Public Records Act: Chapter 149. of the Revised Code.

(E) Restricting and logging access to CPI in computerized personal information systems.

For personal information systems that are computer systems and contain confidential personal information, the treasurer of state shall do the following.

(1) Access restrictions. Access to confidential personal information that is kept electronically shall require a password or other authentication measure.

(2) Acquisition of a new computer system. When the treasurer of state acquires a new computer system that stores, manages or contains confidential personal information, the treasurer of state shall include a mechanism for recording specific access by employees of the treasurer of state to confidential personal information in the system.

(3) Upgrading existing computer systems. When the treasurer of state modifies an existing computer system that stores, manages or contains confidential personal information, the treasurer of state shall make a determination whether the modification constitutes an upgrade. Any upgrades to a computer system shall include a mechanism for recording specific access by employees of the treasurer of state to confidential personal information in the system.

(4) Logging requirements regarding confidential personal information in existing computer systems.

(a) The treasurer of state shall require employees of the treasurer of state who access confidential personal information within computer systems to maintain a log that records that access.

(b) Access to confidential information is not required to be entered into the log under the following circumstances:

(i) The employee of the treasurer of state is accessing confidential personal information for official treasurer of state purposes, including research, and the access is not specifically directed toward a specifically named individual or a group of specifically named individuals.

(ii) The employee of the treasurer of state is accessing confidential personal information for routine office procedures and the access is not specifically directed toward a specifically named individual or a group of specifically named individuals.

(iii) The employee of the treasurer of state comes into incidental contact with confidential personal information and the access of the information is not specifically directed toward a specifically named individual or a group of specifically named individuals.

(iv) The employee of the treasurer of state accesses confidential personal information about an individual based upon a request made under either of the following circumstances:

(a) The individual requests confidential personal information about himself/herself.

(b) The individual makes a request that the treasurer of state takes some action on that individual's behalf and accessing the confidential personal information is required in order to consider or process that request.

(c) For purposes of this paragraph, the treasurer of state may choose the form or forms of logging, whether in electronic or paper formats.

(F) Log management.

(1) The treasurer of state shall issue a policy that specifies the following:

(a) Who shall maintain the log;

(b) What information shall be captured in the log;

(d) How long information kept in the log is to be retained.

(2) Nothing in this rule limits the treasurer of state from requiring logging in under any circumstance that it deems necessary.

Last updated December 16, 2025 at 10:07 AM

History

Effective: December 15, 2010
Promulgated Under: 119.03

Chapter 113-30 STABLE Account Program

Ohio Adm.Code 113-30-01 STABLE account program.

(A) For the purposes of sections 113.50 to 113.56 of the Revised Code, out-of-state residents are treated the same as designated beneficiaries.

(B) As used in section 113.51 of the Revised Code, "agreements" includes agreements, whether formal or informal, with another state, or any agency or subdivision thereof.

Last updated July 6, 2026 at 9:26 AM

History

Effective: July 6, 2026
Promulgated Under: 119.03

Ohio Adm.Code 113-30-02 Notice of meetings of the STABLE account program advisory board.

(A) The STABLE account advisory board has adopted this rule in compliance with, and under the authority of, division (F) section 121.22 of the Revised Code and division (C) section 113.56 of the Revised Code.

(B) The STABLE account advisory board shall meet quarterly or more frequently at the call of the chairperson. Any person may determine the time and place of all regularly scheduled meetings and the time, place, and purpose of all scheduled and special meetings by:

(1) Consulting the Ohio treasurer of state's website; or by

(2) Calling the Ohio treasurer of state's office at 614-466-2160 during regular business hours; or by

(3) Writing to the "STABLE Account Advisory Board, c/o Ohio Treasurer's Office, STABLE Account, 30 East Broad Street, 10th Floor, Columbus, Ohio 43215," and submitting an electronic mail address, by which all notice of meetings will be sent.

(C) Any person, including news media representatives, may obtain notice of all scheduled and special meetings of the STABLE account advisory board by sending a written request to the address listed in paragraph (B)(3) of this rule. Such written requests shall include the person's contact information and electronic mail address. Notice of meetings will be distributed to the persons on the list at least twenty-four hours in advance via electronic mail.

Last updated July 29, 2024 at 8:27 AM

History

Effective: July 29, 2024
Promulgated Under: 119.03

Chapter 113-35 Workforce Development Revolving Loan Program

Ohio Adm.Code 113-35-01 Workforce development revolving loan program.

The treasurer of state herein establishes a rule to promote and encourage Ohio's workforce development and job growth through educational training and retraining in programs related to employment opportunities in areas that are in demand. This rule is established by authority conferred upon the treasurer of state by section 111.15 of the Revised Code and section 2 of Amended Substitute Senate Bill 1 of the 130th General Assembly, as amended by section 610.22 of Amended Substitute House Bill 64 of the 131st General Assembly.

(A) Definitions

(1) "EFT" means electronic funds transfer.

(2) "Institution" means any of the following:

(a) A state institution of higher education, as defined in section 3345.011 of the Revised Code;

(b) A private career school, as defined in section 3332.01 of the Revised Code;

(c) A private, nonprofit institution in this state holding a certificate of authorization pursuant to Chapter 1713. of the Revised Code;

(d) A private institution exempt from regulation under Chapter 3332. of the Revised Code as prescribed in section 3333.046 of the Revised Code, if the program has a certificate of authorization pursuant to Chapter 1713. of the Revised Code;

(e) A career-technical center, joint vocational school district, comprehensive career-technical center, or compact career-technical center offering adult training.

(3) "Loan Program" means the OhioMeansJobs workforce development revolving loan program.

(4) "OAKS" means Ohio administrative knowledge system.

(5) "Workforce Training Program" includes any of the following:

(a) Courses, programs, or a degree from an institution;

(b) Vocational education classes offered to adult learners;

(B) Loan servicing fees

The treasurer of state established a fee to be charged to loan recipients to offset the cost of servicing the loans, as described in the promissory note, located at: www.tos.ohio.gov. In establishing the fee, the treasurer of state considered the costs associated with originating the loan as well as the costs associated with the ongoing servicing of the loan. The fee charged to a loan recipient to offset the cost of servicing a loan does not exceed the actual cost of servicing that loan.

(1) The treasurer of state established the terms under which loans made through the loan program are repaid as described in the promissory note, located at: www.tos.ohio.gov. The terms of repayment are set forth in the promissory note that prospective loan recipients must execute as a prerequisite to receiving a loan, and the treasurer of state may, in its discretion, modify the terms of repayment through revisions to the form of promissory note. The payment schedule will not exceed seven years from the date a participant successfully completes a "Workforce Training Program."

(2) Students are required to make payments during the repayment period, as that term is defined in the form of promissory note, in consecutive, monthly installments until they have paid the principal, interest, fees, and all other charges owed under the promissory note. Payments will be applied first to fees, then to accrued interest, and then to principal.

(D) Interest rate on loans

(1) The treasurer of state will assess a rate of interest of not more than four per cent per annum on any outstanding principal balance of a loan beginning on the earlier of the following:

(a) The date on which the participant withdrawals from or ceases to participate in a "Workforce Training Program;"

(b) The last day of the sixth calendar month following a participant's completion of a "Workforce Training Program"; or

(2) The treasurer of state may change the rate of interest assessed on outstanding principal balances of new loans by modifying the form of promissory note; however, the treasurer of state will not assess a zero percent interest rate, nor will the treasurer of state assess an interest rate in excess of four per cent per annum.

(E) Loan disbursement

(1) The treasurer of state will, on an individual loan basis, via OAKS, disburse the funds representing an approved loan from the loan program to the appropriate Institution using the following procedures:

(a) Institutions register as a vendor in OAKS with the ability to receive funds via EFT;

(b) Upon receiving confirmation from the loan servicer that it is in possession of a promissory note and self-certification form for an approved student, the treasurer of state will create and approve an OAKS voucher payable via EFT to the institution at which the applicable student is enrolled for the amount of the loan;

(d) The receiving institution will credit the student's account within five business days of receipt of loan program funds;

(e) The Institution will confirm that the student's account has been credited by sending electronic mail confirmation to the treasurer of state within seven business days of receipt of loan program funds.

(2) The treasurer of state will disburse the funds representing approved loans to Institutions on an individual loan basis; however, if multiple loans are approved in a similar time frame, or for the same "Workforce Training Program," disbursements to institutions may be sent in batch form, in amounts not to exceed the sum of the approved loans. The treasurer of state will not disburse funds based on the loan award amount.

Last updated November 29, 2023 at 1:47 PM

History

Effective: January 12, 2018
Promulgated Under: 111.15

Chapter 113-40 Collateral Requirement

Ohio Adm.Code 113-40-01 Definitionsand public records.

As used in this chapter:

(A) "Bank monitoring" means the process used to identify an emerging individual financial concern or a deposit business concern for a FI approved for a reduced collateral floor.

(B) "Bank monitoring collateral requirement" means an additional collateral requirement that may be imposed on a FI approved for a reduced collateral floor if an emerging individual financial concern or a deposit business concern is identified.

(C) "Basis point" means a simplified unit of measure used in finance. One basis point equals one one-hundredth of one per cent.

(D) "Collateral requirement calculation" means the mandatory amount of collateral for a FI participating in OPCP, as determined in OPCS based upon the following factors: account balances; federal deposit insurance corporation coverage as determined pursuant to paragraph (C)(1) of rule 113-40-02 of the Administrative Code, which may deviate from actual federal deposit insurance corporation limits; statutory collateral requirement; reduced collateral floor; any bank monitoring collateral requirement(s); any economic monitoring collateral requirement(s); any PU negotiated collateral requirement(s); and any cushion collateral requirement(s).

(E) "Collateral sufficiency" means the determination made by the treasurer of state on whether a FI is adequately collateralized based upon the collateral requirement calculation and the collateral valuation.

(F) "Collateral valuation" means the market value of eligible collateral pledged by a FI.

(G) "Cushion collateral requirement" means an additional collateral requirement that may be imposed by the treasurer of state on a FI that is not in compliance with collateral sufficiency requirements, file submission requirements, or the OPCS operating policies.

(H) "Economic monitoring" means macroeconomic monitoring and regional economic monitoring under paragraph (B) of rule 113-40-04 of the Administrative Code.

(I) "Economic monitoring collateral requirement" means an additional collateral requirement that may be imposed on a FI approved for a reduced collateral floor if economic monitoring identifies a potential concerning economic trend.

(J) "Financial institution" (FI) means a state-chartered or national bank designated as a public depository pursuant to section 135.01 of the Revised Code, and which receives or holds any public deposits as defined in section 135.31 of the Revised Code, or which receives or holds any funds from a public depositor as defined in division (A)(2) of section 135.182 in the Revised Code.

(K) "Ohio pooled collateral program" (OPCP) means the program, created by the treasurer of state pursuant to division (B)(1) of section 135.182 of the Revised Code, in which each FI that selects the pledging method prescribed in division (A)(2) of section 135.18 of the Revised Code or division (A)(2) of section 135.37 of the Revised Code, shall pledge to the treasurer of state a pool of eligible securities for the benefit of all public depositors at the public depository to secure the repayment of uninsured public deposits at the public depository, and, if applicable, collateral dedicated to a specific public depositor, provided that the total market value of the securities so pledged is at least equal to the amounts required by section 135.182 of the Revised Code.

(L) "Ohio pooled collateral system" (OPCS) means the system created and maintained by the treasurer of state to facilitate FI and PU participation in OPCP.

(M) "Operating policies" means the set of operational procedures, policies, and requirements for the use of OPCS. All participation in OPCP and use of OPCS shall be subject to the operating policies, which are maintained at the sole discretion of the treasurer of state. The operating policies are available at www.tos.ohio.gov.

(N) "Public deposits" means moneys of a public depositor as defined in division (A)(3) of section 135.182 of the Revised Code, but for the purposes of this chapter herein, does not include the moneys of metropolitan housing authorities, public or Indian housing agencies, or United States federal agencies.

(O) "Public unit" (PU) means the state or a subdivision thereof, as applicable, that deposits public deposits with a FI.

(P) "Public unit negotiated collateral requirement" means a collateral requirement negotiated by a PU with its FI, which may differ from the statutory collateral requirement.

(Q) "Qualified trustee" means a bank or institution that meets the requirements set forth in division (J) of section 135.18 of the Revised Code.

(R) "Reduced collateral floor" means a collateral requirement available to eligible FI pursuant to division (B)(1)(b) of section 135.182 of the Revised Code. A FI reduced collateral floor will be determined in accordance with rules 113-40-03 to 113-40-05 of the Administrative Code.

(S) "Specific pledge method" means the method of separately securing uninsured public deposits of each public depositor, as prescribed in division (A)(1) of section 135.18 of the Revised Code.

(T) "Specific pledge account" (SPA) means an account containing a security or securities pledged for the benefit of one specific PU by a FI participating in the pooling method. A FI may be permitted to use a SPA if: the charter for the PU requires use of the specific pledge method; United States federal law designates the specific pledge method for the PU; or it is permitted at the discretion of the treasurer of state. Under this method, the FI will secure all uninsured deposits in the SPA at least equal to the requirement for the specific pledge method.

(U) "Standard" means a specific financial indicator with a defined benchmark that must be met by a FI in order to be approved for a reduced collateral floor.

Last updated June 26, 2025 at 3:54 AM

History

Effective: August 10, 2023
Promulgated Under: 119.03

Ohio Adm.Code 113-40-02

All financial institutions (FIs) participating in OPCP shall:

(A) Transmit the required files to OPCS every day the federal reserve is open for business.

(B) Report any public unit (PU) negotiated collateral requirement at an account level.

(1) The treasurer of state will estimate the federal deposit insurance corporation insurance (FDIC) coverage amount, which may deviate from the actual FDIC limits.

(2) A FI must address collateral deficiencies in accordance with the operating policies.

(D) Pledge eligible collateral to the treasurer of state with a qualified trustee to secure the FI's public deposits.

(1) The trustee shall identify and hold collateral pledged to the treasurer for the benefit of public units (PUs) with deposits in the respective FI.

(2) The trustee shall hold all collateral pledged to the treasurer in one or more identifiable pooled collateral accounts for each FI, as specified by the treasurer.

(3) A FI will pledge collateral to the treasurer with a trustee as required, and the trustee will inform the treasurer of all new pledges.

(a) The treasurer will not accept any statement, communication, or notice from a FI as evidence of pledged collateral.

(b) The treasurer will only update OPCS records on receipt of documentation submitted by the trustee.

(E) Monitor pledged collateral and submit a collateral release request to the treasurer in advance of the maturity date of the pledged collateral.

(F) Submit a collateral release request to the treasurer in order to have pledged collateral released by the trustee.

(1) A trustee will only release collateral on the instruction of the treasurer, and will not accept requests directly from a FI.

(2) Acceptance or denial of a release of collateral request will occur as determined by the treasurer.

(G) Not pledge, combine, cross-collateralize, or aggregate pledged collateral in one pool in OPCP for either another pool in OPCP or for the benefit of any other party.

(H) Be subject to ongoing monitoring for compliance of collateral sufficiency requirements and file submission requirements.

(1) If the treasurer determines a FI is not in compliance with the operating policies, collateral sufficiency requirements, or file submission requirements, then the treasurer may impose a cushion collateral requirement.

(2) Upon entrance into OPCS, the cushion collateral requirement will have a default value of zero.

Last updated June 26, 2025 at 3:34 AM

History

Effective: August 10, 2023
Promulgated Under: 119.03

Ohio Adm.Code 113-40-04

(A) All financial institutions (FIs) approved for a reduced collateral floor will be subject to ongoing monitoring of various individual financial criteria. If the financial standing of the FI changes, and no longer meets the required reduced collateral floor eligibility criteria as defined in rule 113-40-03 of the Administrative Code, the treasurer of state may impose a bank monitoring collateral requirement. The treasurer will use three descriptors within OPCS to identify a FI's reduced collateral monitoring status:

(1) Non-active: The FI has not applied, or has not been approved, for a reduced collateral floor.

(2) Active: The FI has been approved for a reduced collateral floor.

(3) Bank monitoring: The FI has an emerging individual financial concern or a deposit business concern.

(a) The treasurer will notify a FI when its reduced collateral monitoring status changes from active to bank monitoring within OPCS; OPCS will generate notifications to the affected public unit(s).

(b) A FI subject to a bank monitoring collateral requirement may be subject to an increase in its reduced collateral floor requirement, from the sum of its reduced collateral floor requirement plus ten per cent or more, up to a maximum of one hundred two per cent. Any increase will be reflected in the bank monitoring field in OPCS, as determined at the sole discretion of the treasurer.

(c) A FI subject to an increase in its reduced collateral floor due to bank monitoring status may be required to pledge additional collateral through one or more calls as follows:

(i) First collateral call will require a FI to secure all uninsured public deposits at least equal to the sum of the reduced collateral floor requirement plus up to ten per cent, within ninety calendar days.

(ii) Second collateral call will require a FI to secure all uninsured public deposits at least equal to the sum of the reduced collateral floor requirement plus up to twenty-five per cent, within sixty calendar days.

(iii) Third collateral call will require a FI to secure all uninsured public deposits at up to one hundred two per cent, within thirty calendar days.

(d) The treasurer may decide to engage a FI prior to changing its status from active to bank monitoring in order to identify any extenuating considerations. This decision will be made at the sole discretion of the treasurer.

(e) The treasurer may reduce a FI's collateral floor upon a change in its bank monitoring status from bank monitoring to active, as determined at the sole discretion of the treasurer.

(B) All FIs approved for a reduced collateral floor will be subject to economic monitoring protocols to identify potential macroeconomic or regional economic concerns.

(1) The treasurer will use two publicly available macroeconomic indicators to identify a potential concerning economic trend:

(a) The "Sahm Rule Recession Indicator" as published by the federal reserve bank, in which a negative trend is defined as a single instance of when the three-month moving average of the national unemployment rate rises by one half of a percentage point or more relative to its low during the previous twelve months; and

(b) The ten-year treasury constant maturity minus two-year treasury constant maturity, in which a negative trend is defined as five instances within a rolling thirty calendar day period of the two-year treasury constant maturity exceeding the ten-year treasury constant maturity using the daily treasury yield curve rates as published by the U.S. department of the treasury, federal reserve bank, or other industry recognized market data source.

(2) The treasurer will monitor a regional economic indicator, the noncurrent loans and leases to total loans and leases for Ohio as produced by the federal deposit insurance corporation, in which a negative trend is defined as a single five per cent rate increase which is to be calculated by subtracting the indicator's average prior four quarters from the indicator's current quarter and then dividing by the indicator's average prior four quarters.

(3) If the treasurer identifies a potential macroeconomic or regional economic concern, then the treasurer may implement an economic monitoring collateral requirement for all or some of the FIs approved for a reduced collateral floor, at the sole discretion of the treasurer. A FI subject to an economic monitoring collateral requirement may be required to pledge additional collateral through one or more calls as follows:

(a) First collateral call will require a FI to secure all uninsured public deposits at least equal to the sum of the reduced collateral floor requirement plus up to ten per cent, within ninety calendar days.

(b) Second collateral call will require a FI to secure all uninsured public deposits at least equal to the sum of the reduced collateral floor requirement plus up to twenty-five per cent, within sixty calendar days.

(c) Third collateral call will require a FI to secure all uninsured public deposits at up to one hundred two per cent, within thirty calendar days.

(4) The treasurer may remove an economic monitoring collateral requirement from any FI at the treasurer's sole discretion.

Last updated June 26, 2025 at 3:54 AM

History

Effective: August 10, 2023
Promulgated Under: 119.03

Ohio Adm.Code 113-40-03

(A) A financial institution (FI) may submit an application for a reduced collateral floor concurrent with the FI's application for participation in OPCP or at any time thereafter.

(1) If the treasurer approves the application, it will set the reduced collateral floor in OPCS. However, if the public unit (PU) has negotiated a higher collateral requirement for an account, the PU negotiated collateral requirement will take precedence.

(2) If the treasurer does not approve the application, the FI will be notified.

(B) Upon receipt of the application for a reduced collateral floor, and as part of the ongoing monitoring process, the treasurer shall use data only from rating agencies, regulatory bodies, reports filed with the federal deposit insurance corporation (FDIC), and publicly available sources to initially approve the reduced collateral floor, and subsequently maintain that approval, for a FI. The performance of the FI evaluation does not imply or construe that the treasurer is a de facto ratings agency.

(1) Not be a de novo bank, as reported by the FDIC;

(2) Be in good standing with government regulators with respect to their deposit business;

(3) Not receive or have on deposit at any one time public moneys, including public moneys as defined in section 135.31 of the Revised Code, in an aggregate amount in excess of thirty per cent of its total assets, pursuant to section 135.03 of the Revised Code;

(4) Meet the standards determined by the treasurer that demonstrate capital adequacy, bank management, safety, and soundness as set forth in the operating policies for the current and preceding four quarters; and

(5) Have substantially complied with OPCS and OPCP guidelines and operating policies for a period as determined by the treasurer of state.

(D) If a FI meets the foregoing criteria, but the treasurer has identified adverse macroeconomic or regional economic trends or indicators pursuant to the monitoring protocols of rule 113-40-04 of the Administrative Code, then the reduced collateral floor approval may be withheld at the sole discretion of the treasurer.

(E) A financial institution approved for reduced collateral floor shall not be able to use the reduced collateral floor until it has participated in OPCP for at least thirty calendar days.

Last updated November 5, 2025 at 3:39 PM

History

Effective: November 3, 2025
Promulgated Under: 119.03

Ohio Adm.Code 113-40-05

(A) In calculating the collateral percentage required at a bank account level, OPCS will require the greater of the following two calculations:

(1) The public unit (PU) negotiated collateral requirement plus the cushion collateral requirement; or

(2) The reduced collateral floor requirement plus any bank monitoring collateral requirement, any economic monitoring requirement, and any cushion collateral requirement.

(B) In calculating collateral sufficiency, the treasurer of state will:

(1) Use existing market pricing available through a reputable source to determine the collateral valuation to calculate the collateral sufficiency.

(a) The treasurer will share the source of market pricing upon request.

(b) A financial institution (FI) may challenge this collateral valuation, but the treasurer shall make the final determination.

(2) Conduct a daily review of collateral sufficiency based upon the collateral requirement calculation and the collateral valuation.

(a) A FI may challenge this collateral sufficiency, but the treasurer shall make the final determination.

(b) A FI will be notified by the treasurer of any collateral deficiencies, and will be responsible to address the deficiencies in accordance with the operating policies.

Last updated August 11, 2023 at 8:30 AM

History

Effective: August 10, 2023
Promulgated Under: 119.03

Ohio Adm.Code 113-40-06 Fees.

(A) Pursuant to division (L) of section 135.182 of the Revised Code, a public depository that selects the pledging method in division (B) of section 135.182 of the Revised Code shall pay the treasurer of state fees in accordance with the following schedule:

(1) Each public depository shall pay an annual fee based on the average month end balance of public deposits from the prior year of participation in OPCP. The treasurer shall charge a public depository that participates in OPCP a pro rata annual fee for each quarter that the public depository participated in OPCP. The treasurer may charge a public depository the quarterly pro rata amount, in full, for any participation in that quarter. The annual fee for participation in OPCP shall be assessed in the following cumulative tiers of average month end balance of public deposits:

(a) The rate shall be 0.0001 (1.0 basis point) on the first fifty million dollars in average month end public deposits;

(b) The rate shall be 0.00009 (0.9 basis point) on the next fifty million dollars (the amount greater than fifty million dollars and less than or equal to one hundred million dollars) in average month end public deposits;

(c) The rate shall be 0.00001 (0.1 basis point) on th next four hundred million dollars (the amount greater than one hundred million and less than or equal to five hundred million dollars) in average month end public deposits;

(d) The rate shall be 0.000009 (0.09 basis point) on the next five hundred million dollars (the amount greater than five hundred million and less than one billion dollars) in average month end public deposits;

(e) The rate shall be 0.000008 (0.08 basis point) on the next one billion dollars (the amount greater than one billion and less than or equal to two billion dollars) in average month end public deposits; and

(f) The rate shall be 0.000006 (0.06 basis point) on amounts exceeding two billion dollars in average month end public deposits.

Average Month End Public Deposits Tier	Tier	Rate
First $0 - $50 million	1	0.000100
Next $50 million - $100 million	2	0.000090
Next $100 million - $500 million	3	0.000010
Next $500 million - $1 billion	4	0.000009
Next $1 billion - $2 billion	5	0.000008
Remaining over $2 billion	6	0.000006

(2) Each public depository that is granted a specific pledge account (SPA) at the discretion of the treasurer pursuant to paragraph (T) of rule 113-40-01 of the Administrative Code shall pay a fee of two hundred dollars per month for each discretionary SPA. The treasurer shall not charge a monthly fee for using a SPA granted because the charter for the public unit (PU) requires use of the specific pledge method or United States federal law designates the specific pledge method for the PU.

(3) Each public depository that is permitted to secure public deposits at an amount under division (B)(1)(b) of section 135.182 of the Revised Code shall pay a fee of twenty-four thousand dollars per year.

(B) The treasurer shall invoice each public depository annually, in arrears, on or around July first of each year for fees assessed under paragraph (A) of this rule for participation in OPCP.

(C) Each fee shall be due to the treasurer within forty-five days from the date of invoice. The treasurer may impose a late fee of ten per cent on any unpaid fees after forty-five days from the date of invoice. Further, failure of a public depository to pay an invoice may result in a cushion collateral requirement under paragraph (G) of rule 113-40-01 of the Administrative Code.

(D) The treasurer, at its sole discretion, may waive any fee imposed under this rule, including late fees.

(E) The treasurer may increase the fees under this rule at a rate up to the consumer price index from the United States department of labor, bureau of labor statistics.

Last updated June 25, 2025 at 6:01 PM

History

Effective: August 10, 2023
Promulgated Under: 119.03

Ohio Administrative Code 113 — Treasurer of State

Chapter 113-1 Payments

Ohio Adm.Code 113-1-01 Definitions.

Ohio Adm.Code 113-1-02 Payments into the state treasury.

Ohio Adm.Code 113-1-03 Procedures for checks not accepted for deposit.

Ohio Adm.Code 113-1-04 Payments out of the state treasury.

Ohio Adm.Code 113-1-06 Reparations rotary reporting for courts.

Chapter 113-2 State Agency Custodial Account

Ohio Adm.Code 113-2-01 State entity custodial bank accounts.

Chapter 113-3 Contingent Fund

Ohio Adm.Code 113-3-01 Treasurer's contingent fund.

Chapter 113-4 Intangible, Franchise, and Excise Tax Payments

Ohio Adm.Code 113-4-01 Intangible property tax and insurance company franchise tax payments.

Ohio Adm.Code 113-4-03 Motor vehicle and watercraft sales and use tax.

Chapter 113-5 Continuing Education; Exemptions

Ohio Adm.Code 113-5-01 Subdivision treasurer continuing education exemptions.

Ohio Adm.Code 113-5-02 Sweep accounts.

Ohio Adm.Code 113-5-03 Continuing education hours.

Ohio Adm.Code 113-5-04 County treasurer continuing education biennial cycle.

Ohio Adm.Code 113-5-05 Initial education requirements for appointed and specially elected county treasurers.

Chapter 113-6 Investment Rating Standards

Ohio Adm.Code 113-6-01 Investment rating standards.

Chapter 113-7 Linked Deposit Program

Ohio Adm.Code 113-7-01 Linked deposit program definitions.

Ohio Adm.Code 113-7-02 Eligibility of credit unions.

Ohio Adm.Code 113-7-03 Application for and investment of interim moneys for credit unions.

Ohio Adm.Code 113-7-04 Collateral and insurance.

Ohio Adm.Code 113-7-05 Treasurer of state's assessment rate.

Chapter 113-8 Contracting Program Authority

Ohio Adm.Code 113-8-01 Pay for success contracting program authority.

Ohio Adm.Code 113-8-02 Definitions.

Ohio Adm.Code 113-8-03 Procedure for entering into a pay for success contract.

Ohio Adm.Code 113-8-04 Pay for success fund.

Ohio Adm.Code 113-8-05 Regional and national data used in pay for success contracts.

Chapter 113-10 Investment Pool

Ohio Adm.Code 113-10-01 Treasurer's investment pool.

Ohio Adm.Code 113-10-02 Separately managed accounts.

Chapter 113-20 Taxable Investment Pool; Notice

Ohio Adm.Code 113-20-01 Notice of promulgation of rules and regulations.

Chapter 113-25 Confidential Personal Information Systems

Ohio Adm.Code 113-25-01 Confidential personal information systems.

Chapter 113-30 STABLE Account Program

Ohio Adm.Code 113-30-01 STABLE account program.

Ohio Adm.Code 113-30-02 Notice of meetings of the STABLE account program advisory board.

Chapter 113-35 Workforce Development Revolving Loan Program

Ohio Adm.Code 113-35-01 Workforce development revolving loan program.

Chapter 113-40 Collateral Requirement

Ohio Adm.Code 113-40-01 Definitionsand public records.

Ohio Adm.Code 113-40-02

Ohio Adm.Code 113-40-04

Ohio Adm.Code 113-40-03

Ohio Adm.Code 113-40-05

Ohio Adm.Code 113-40-06 Fees.

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