Effective: June 30, 2011
Latest Legislation: House Bill 153 - 129th General Assembly
(A)(1) The office of budget and management shall prepare and administer a statewide indirect cost allocation plan that provides for the recovery of statewide indirect costs from any fund of the state. The director of budget and management may make transfers of statewide indirect costs from the appropriate fund of the state to the general revenue fund on an intrastate transfer voucher. The director, for reasons of sound financial management, also may waive the recovery of statewide indirect costs. Prior to making a transfer in accordance with this division, the director shall notify the affected agency of the amounts to be transferred.
(2) To support development and upgrade costs to the state's enterprise resource planning system, the director also may make transfers of statewide indirect costs attributable to debt service paid for the system to the OAKS support organization fund created in section 126.24 of the Revised Code. Transfers may be made from either of the following:
(a) The appropriate fund of the state;
(b) The general revenue fund, if the statewide indirect costs have been collected under division (A)(1) of this section and deposited in the general revenue fund.
(B) As used in this section, "statewide indirect costs" means operating costs incurred by an agency in providing services to any other agency, for which there was no billing to such other agency for the services provided, and for which disbursements have been made from the general revenue fund or other funds.
(C) Notwithstanding any provision of law to the contrary, in order to reduce the payment of adjustments to the federal government as determined under the plan prepared under division (A)(1) of this section, the director of budget and management shall, on or before the first day of September each fiscal year, designate such funds of the state as the director considers necessary to retain their own interest earnings.
Structure Ohio Revised Code
Chapter 126 | Office of Budget and Management
Section 126.02 | Preparation of Budget Estimates.
Section 126.021 | Appropriations for Construction Compliance Section of Department of Development.
Section 126.022 | Estimates of Revenues From Tobacco Master Settlement Agreement.
Section 126.05 | Monthly Statements Showing Condition of General Revenue Fund.
Section 126.06 | Availability of Money in Total Operating Fund.
Section 126.07 | Certification of Balance Statement in All Contracts.
Section 126.071 | Monetary Settlement; Consultation With Director of Budget and Management.
Section 126.08 | Director of Budget and Management - Powers and Duties.
Section 126.09 | Monthly Distribution Schedule of Subsidies.
Section 126.11 | Coordination and Approval of Scheduling Sales of Certain Obligations.
Section 126.12 | Recovering Statewide Indirect Costs.
Section 126.13 | Designating Program or Activity for Performance Review.
Section 126.141 | Contingency Reserve for Capital Appropriations.
Section 126.15 | Adjusting Capital or Operating Budgets.
Section 126.21 | Accounting Duties of Director of Budget and Management.
Section 126.22 | Director - Accounting Powers.
Section 126.23 | Reports on State Funds.
Section 126.231 | Report From Director of Budget and Management.
Section 126.24 | Oaks Support Organization Fund.
Section 126.25 | User Charges - State Accounting Fund.
Section 126.26 | Director as Chairperson of Gubernatorial Transition Committee - Powers and Duties.
Section 126.27 | Filing Budget Estimates With Governor-Elect.
Section 126.28 | Powers to Take Testimony and Produce Evidence.
Section 126.29 | Agency Scheduled to Terminate Operations.
Section 126.30 | Interest on Late Payments for Goods and Services.
Section 126.301 | Statute of Limitations.
Section 126.31 | Travel and Other Expenses.
Section 126.32 | Job Interview and Relocation Expenses.
Section 126.35 | Warrants or Electronic Fund Transfers for Payments - Electronic Benefit Transfers.
Section 126.36 | Replacement of Lost or Destroyed Warrant.
Section 126.37 | Stale Warrants for Payment.
Section 126.38 | Furnishing Earnings Statement With Each Pay Warrant.
Section 126.40 | Forgery Recovery Fund.
Section 126.45 | Office of Internal Audit.
Section 126.46 | State Audit Committee.
Section 126.47 | Annual Internal Audit Plan.
Section 126.48 | Internal Audit Report as Public Record.
Section 126.503 | Control of Travel Expenses.
Section 126.506 | Participation in Technology Consolidation Projects.