Ohio Admin. Code 3333-1-20 - Procedures to be followed in allocating state support to the Ohio aerospace institute
This rule is adopted pursuant to the requirement of section
3333.042 of the Revised Code., as enacted in House Bill
111 of the 118th General Assembly.
When distributing forms and instructions related to the
preparation of operating and capital budget requests, the chancellor of
the board of regents
higher education shall ensure that the Ohio aerospace
institute receives copies and has the opportunity to forward requests for
funding.
If the state of Ohio appropriates funds to subsidize the
operations of the Ohio aerospace institute, the chancellor shall release those
funds only after the institute has provided a budget showing its sources and
proposed uses of funds. The Ohio aerospace institute shall also provide to the
chancellor of the Ohio board of regents
higher education audited financial statements within
six months of the close of the institute's fiscal year.
Prior to the release of capital appropriations made to the chancellor for the purposes of the Ohio aerospace institute, the chancellor shall enter into an agreement with the institute that specifies that the facilities funded by the state shall be used for the purposes of aerospace education and research. The agreement shall meet the requirements of rule 3333-1-03 of the Administrative Code regarding agreements between higher education institutions and separate nonprofit corporations; except the requirements of paragraph (E)(10) of rule 3333-1-03 of the Administrative Code which deals with reimbursement from capital appropriations to an institution for administrative costs. If capital appropriations are made or transferred to a higher education institution for the purposes of the Ohio aerospace institute, all requirements of rule 3333-1-03 of the Administrative Code shall be met prior to the release of capital appropriations.
Notes
Promulgated Under: 119.03
Statutory Authority: 3333.042
Rule Amplifies: 3333.042
Prior Effective Dates: 03/02/1990, 12/18/2010, 08/15/2016
Promulgated Under: 119.03
Statutory Authority: 3333.042
Rule Amplifies: 3333.042
Prior Effective Dates: 3/2/90, 12/18/10
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