Fiscal Note & Local Impact Statement

125 th General Assembly of Ohio

Ohio Legislative Service Commission

77 South High Street, 9th Floor, Columbus, OH 43215-6136 Phone: (614) 466-3615

Internet Web Site: http://www.lsc.state.oh.us/

BILL:

Am. H.B. 288

DATE:

January 26, 2004

STATUS:

As Passed by the House

SPONSOR:

Rep. Faber

LOCAL IMPACT STATEMENT REQUIRED:

No ó

Minimal cost

 


CONTENTS:

To modify the Cooperative Law

 

State Fiscal Highlights

 

        No direct fiscal effect on the state.

Local Fiscal Highlights

 

LOCAL GOVERNMENT

FY 2004

FY 2005

FUTURE YEARS

Counties

†††† Revenues

Potential minimal gain

Potential minimal gain

Potential minimal gain

†††† Expenditures

Potential minimal increase

Potential minimal increase

Potential minimal increase

Note:For most local governments, the fiscal year is the calendar year.The school district fiscal year is July 1 through June 30.

 

        This bill specifies that the court of common pleas in the Ohio county in which an associationís statutory agent resides is the appropriate venue for certain matters involving an association that has no principal place of business in Ohio.This may increase court expenditures for a few counties; however, any increase in expenditures should be minimal and should be offset by court fee revenues.

 


 

Detailed Fiscal Analysis

 

This bill makes various changes in the law governing cooperatives.The term "cooperative" is replaced with "association."The bill specifies that the principal place of business of an association need not be located within Ohio.It also specifies that for those associations located outside of Ohio, the court of common pleas in the county of Ohio in which an associationís statutory agent resides is the appropriate venue to deal with matters dealing with cooperatives located outside of Ohio.This may increase court costs for a few Ohio counties.However, any increase would be minimal and may be offset by court fees generated.Other provisions within the bill should not fiscally affect the state or local governments.

 

 

LSC fiscal staff:Wendy Risner, Budget Analyst

 

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