Bill > HB278

This bill regards the Treasurer of State and makes several technical and administrative changes to Ohio law. Here is a summary: This bill updates and modifies numerous sections of the Ohio Revised Code related to the Treasurer of State's duties, responsibilities, and administrative processes. Key provisions include: changing references to certain fund and account names; updating terminology and definitions related to financial transactions, investments, and state funds; modifying requirements for financial reporting, investment practices, and fund management; adjusting provisions for licensing, fees, and electronic transactions; and streamlining various administrative processes across multiple state agencies and financial functions. The bill repeals several obsolete sections of law and makes technical corrections to ensure consistency in financial regulations. Specifically, it transfers the balance of the Torrens Law Assurance Fund to the County Recorder Electronic Modernization Fund on July 1, 2026, and abolishes the Torrens Law Assurance Fund. The bill appears to be primarily a housekeeping measure to update and clarify existing financial statutes, with no major substantive policy changes.

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https://www.legislature.ohio.gov/legislation/136/hb278