(A) The department of transportation shall prepare expense reports related to grants and loans that are issued by the department through its transportation grant and loan programs. The department shall submit each report to the president of the senate and the speaker of the house of representatives at the earliest of the following periods:

Terms Used In Ohio Code 5501.521

  • 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

(1) The conclusion of the term of loan;

(2) The conclusion of the project funded by the grant;

(3) The end of the fiscal year for each fiscal year that the loan or the project is still pending.

(B) The department shall require the recipient of the loan or grant to assist in preparing the expense reports and itemizing the uses of the loan or grant money issued to that recipient.

(C) The department shall include its administrative expenses in managing the loan or grant program in the expense reports submitted in accordance with this section.

(D) If any content required for inclusion in an expense report under this section is the same content that the department submits to the Ohio state and local government expenditure database established under sections 113.70 to 113.77 of the Revised Code, the department may send copies of that content to the president of the senate and speaker of the house of representatives in lieu of including it in a report under this section.

Last updated May 3, 2023 at 1:10 PM

  Previous section
Next section  
 Chapter 5501 Contents