122.64 Division of economic development. - Ohio Statutes

122.64 Division of economic development.

(A) There is hereby established in the department of development a division of economic development. The division shall be supervised by a deputy director appointed by the director of development.

The division is responsible for the administration of the state economic development financing programs established pursuant to sections 122.17 and 122.18, sections 122.39 to 122.62, and Chapter 166. of the Revised Code and for coordinating the activities of the development financing advisory council so as to ensure the efficient administration of the programs.

(B) The director of development shall:

(1) Appoint an individual to serve as director of the development financing advisory council;

(2) Receive applications for assistance pursuant to sections 122.39 to 122.62 and Chapter 166. of the Revised Code. The director shall process the applications and, except as provided in division (C)(2) of section 166.05 of the Revised Code, forward them to the development financing advisory council. As appropriate, the director shall receive the recommendations of the council as to applications for assistance.

(3) With the approval of the director of administrative services, establish salary schedules for employees of the various positions of employment with the division and assign the various positions to those salary schedules;

(4) Furnish and pay for, out of funds appropriated to the department of development for that purpose, office space and associated utilities service, for the development financing advisory council;

(5) Employ and fix the compensation of financial consultants, appraisers, consulting engineers, superintendents, managers, construction and accounting experts, attorneys, and other agents for the assistance programs authorized pursuant to sections 122.17 and 122.18, sections 122.39 to 122.62, and Chapter 166. of the Revised Code as are necessary;

(6) Supervise the administrative operations of the division;

(7) On or before the first day of October in each year, make an annual report of the activities and operations under assistance programs authorized pursuant to sections 122.39 to 122.62 and Chapter 166. of the Revised Code for the preceding fiscal year to the governor and the general assembly. Each such report shall set forth a complete operating and financial statement covering such activities and operations during the year in accordance with generally accepted accounting principles and shall be audited by a certified public accountant. The director of development shall transmit a copy of the audited financial report to the office of budget and management.

Effective Date: 12-02-1996