Effective: October 1, 1997
Latest Legislation: House Bill 408 - 122nd General Assembly
A fiduciary organization may establish an individual development account only in a financial institution insured by the federal deposit insurance corporation or in accordance with section 1733.041 of the Revised Code.
Not later than the thirtieth day of January of each year, a fiduciary organization shall determine whether the amount it deposited into individual development accounts from contributions made by individuals or entities that are not corporations during the previous calendar year was less than fifty per cent of the funds available from contributions made by individuals or entities that are not corporations for that year. A fiduciary organization may not accept any additional contributions from individuals or entities that are not corporations for the purpose of matching funds deposited by program participants until it has deposited at least fifty per cent of the funds available from contributions made by individuals or entities that are not corporations for the previous calendar year into individual development accounts. Not later than the thirtieth day of January of the year following each fifth year after the effective date of this section, a fiduciary organization shall determine whether the amount it deposited into individual development accounts from contributions made by corporations during the previous five-year period was less than fifty per cent of the funds available from contributions made by corporations during that period. A fiduciary organization may not accept any additional contributions from corporations for the purpose of matching funds deposited by program participants until it has deposited at least fifty per cent of the funds available from contributions made by corporations for the previous five-year period into individual development accounts.
Structure Ohio Revised Code
Chapter 329 | County Department of Job and Family Services
Section 329.01 | County Department of Job and Family Services - Director, Assistants, Bonds.
Section 329.02 | County Director of Job and Family Services Powers and Duties.
Section 329.023 | Hours of Operation Outside County Department's Normal Hours of Operation.
Section 329.04 | Powers and Duties of Department - Control by County Commissioners.
Section 329.042 | Participation in Federal Food Stamp Program.
Section 329.05 | Administering Other State or Local Family Services Activity.
Section 329.051 | Making Voter Registration Applications Available.
Section 329.06 | County Family Services Planning Committee.
Section 329.07 | Duties and Qualifications of Ohio Works First Ombudsperson.
Section 329.09 | Moneys Received Considered Appropriated for Purposes for Which Received.
Section 329.10 | Property and Records Transferred to County Department of Job and Family Services.
Section 329.11 | Individual Development Account Definitions.
Section 329.12 | Establishing Individual Development Account Program.
Section 329.13 | Establishing Individual Development Account.
Section 329.14 | Eligibility to Participate in Individual Development Account Program.
Section 329.40 | Formation of Joint County Department of Job and Family Services.
Section 329.41 | Director; Administrators; Employees.
Section 329.42 | Fiscal Officer; Treasurer.
Section 329.43 | Legal Advisor; Other Legal Counsel.
Section 329.44 | Rights and Powers of Board.