Effective: March 7, 1997
Latest Legislation: Senate Bill 82 - 121st General Assembly
(A) The treasurer of state or the officer who performs the duties of the office of treasurer of state is the custodian of the funds required by law to be kept in the custody of the treasurer of state. The custodial duties of the treasurer of state include safekeeping the custodial funds and investment assets of an owner; collecting principal, dividends, distributions, and interest on custodial funds and investments of an owner; and paying for, transferring, and collecting the purchase or sale price of investments. The duties of the treasurer of state do not include making investment decisions of an owner or its authorized agents or monitoring compliance with an owner's internal investment policies. The treasurer of state is not responsible for the investment decisions of an owner or agent, compliance with the owner's internal investment policies, or any unlawful activities of an owner or its authorized agents.
(B) The treasurer of state may enter into a sub-custody or other agency agreement with a trustee who meets the requirements of section 135.18 of the Revised Code to execute the custodial duties required by law. The agreement shall apply to the custodial funds and investment assets of an owner. The agreement may provide that the trustee has primary responsibility for custody of the funds and investments in order to execute an owner's instructions. The treasurer of state or the treasurer's authorized agent may enter into additional agreements as necessary to facilitate an owner's transactions.
Structure Ohio Revised Code
Chapter 113 | Treasurer of State
Section 113.01 | Election - Term.
Section 113.03 | Additional Bond.
Section 113.04 | Appointing Employees - Bond.
Section 113.041 | Employee Criminal Records Check.
Section 113.05 | The State Treasury - Custodial Funds - Commingling of Assets.
Section 113.051 | Duties of Treasurer.
Section 113.06 | Receiving Offices for Expedient Collection of Taxes and Fees.
Section 113.061 | Administrative Rules.
Section 113.08 | Payment and Procedures for Payment to Treasurer.
Section 113.09 | Creation of General Revenue Fund.
Section 113.10 | Contingent Fund.
Section 113.11 | Payments From State Treasury or Custodial Fund.
Section 113.12 | Warrants Paid on Presentation.
Section 113.13 | Statement of Balances Upon Request.
Section 113.14 | Audit of State Treasury and Custodial Funds.
Section 113.15 | Special Auditors - Powers.
Section 113.16 | Report and Record of Audit.
Section 113.17 | Governor May Suspend Treasurer of State.
Section 113.18 | Treasurer of State Restored to Office if Not Indicted or if Acquitted.
Section 113.19 | Audit of Outgoing Treasurer of State.
Section 113.20 | Cost of Administering Custodial Funds - Administrative Fund.
Section 113.21 | Treasury Education Fund.
Section 113.41 | Database of Real Property Under State Control.
Section 113.43 | County Investment Advisory Committee Reports on State Website.
Section 113.51 | Implementation and Administration of Able Account Program.
Section 113.52 | Depositories and Managers.
Section 113.53 | Application to Open Acccount.
Section 113.55 | Ohio Able Savings Program Trust Fund.
Section 113.56 | Stable Account Program Advisory Board.
Section 113.60 | Pay for Success Contracting Program.
Section 113.62 | State Pay for Success Contract Fund.
Section 113.70 | Definitions for State and Local Government Expenditure Database.
Section 113.71 | State and Local Government Expenditure Database.
Section 113.72 | Expenditure Information Required for Database.
Section 113.73 | Required Features of Expenditure Database.
Section 113.74 | Public Comment.
Section 113.75 | Confidential and Non-Public Records.
Section 113.76 | State Entity Web Site Links to Database.
Section 113.77 | Political Subdivisions and State Retirement Systems Expenditure Information.