126:3-1-01 Reporting requirements for state universities and colleges; fiscal watch and governance authority procedures.

 

Rule Summary and Fiscal Analysis (Part A)

 

Office Of Budget And Management

Agency Name

 

Higher Education Fiscal Watch                         Elizabeth Scott

Division                                                                  Contact

 

30 East Broad St. Columbus OH 43215 - 3457             614-644-8797

Agency Mailing Address (Plus Zip)                                       Phone                     Fax

 

 

 

126:3-1-01

Rule Number

AMENDMENT

TYPE of rule filing

Rule Title/Tag Line              Reporting  requirements  for  state  universities  and  colleges;

fiscal watch and governance authority procedures.

RULE SUMMARY

1.  Is the rule being filed consistent with the requirements of the RC 119.032 review? Yes

2.  Are you proposing this rule as a result of recent legislation? No

3.  Statute prescribing the procedure in accordance with the agency is required to adopt the rule: 111.15

4.  Statute(s) authorizing agency to adopt the rule: R.C. 3345.72

5.  Statute(s) the rule, as filed, amplifies or implements: R.C. 3345.72, 3345.73, 3345.74, 3345.75, 3345.76, 3345.77

6.  State the reason(s) for proposing (i.e., why are you filing,) this rule:

Five-year rule review

7.  If the rule is an AMENDMENT, then summarize the changes and the content

of the proposed rule; If the rule type is RESCISSION, NEW or NO CHANGE, then summarize the content of the rule:

The proposed changes reflect current requirements for state universities and colleges for reporting on fiscal stability.

8.  If revising or refiling this rule, identify changes made from the previously filed version of this rule; if none, please state so:

Not Applicable.

9. 119.032 Rule Review Date: 10/1/2002

(If you answered NO to question No. 1, provide the scheduled review date. If you answered YES to No. 1, the review date for this rule is the filing date.)

NOTE: At time of final filing, two dates are required: the current review date plus a date not to exceed 5 years from the effective date for Amended rules or a date not to exceed 5 years from the review date for No Change rules.

FISCAL ANALYSIS

10.  Estimate the total amount by which this proposed rule would increase / decrease either revenues / expenditures for the agency during the current biennium (in dollars): Explain the net impact of the proposed changes to the budget of your agency/department.

This will have no impact on Revenues or Expenditures

$ 0.00

This proposed rule will not change the Agency's projected budget during the current biennium.

11.  Identify the appropriation (by line item etc.) that authorizes each expenditure necessitated by the proposed rule:

Item: N/A

Expenditure: N/A

12.  Provide a summary of the estimated cost of compliance with the rule to all directly affected persons. When appropriate, please include the source for your information/estimated costs, e.g. industry, CFR, internal/agency:

This rule has no compliance cost for affected state universities or colleges.

13.  Does this rule have a fiscal effect on school districts, counties, townships, or municipal corporations? No

14.  Does this rule deal with environmental protection or contain a component dealing with environmental protection as defined in R. C. 121.39? No