On August 1, 2021, and every two years thereafter, the state veterinary medical licensing board shall certify to the director of budget and management the amount resulting from the following formula:

Terms Used In Ohio Code 4741.57

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • state: means the state of Ohio. See Ohio Code 1.59

0.9 X {(the board’s total revenue credited to the occupational licensing and regulatory fund during the previous biennium) – [(the board’s amount of actual expenditures during the first fiscal year of the previous biennium) + (the amount appropriated to the board during the second fiscal year of the previous biennium)]}.

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