3333-1-20 Procedures to be followed in allocating state support to the Ohio aerospace institute.  

  • Text Box: ACTION: Final Text Box: DATE: 08/01/2016 12:25 PM

     

     

     

    3333-1-20                    Procedures to be followed in allocating state support to the Ohio aerospace institute.

     

     

     

    (A)  Authority

     

    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.

     

    (B)  Preparation of budget requests

     

    When distributing forms and instructions related to the preparation of operating and capital budget requests, the chancellor of the board of regentshigher education shall ensure that the Ohio aerospace institute receives copies and has the opportunity to forward requests for funding.

     

    (C)  Distribution of operating subsidies

     

    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 regentshigher education audited financial statements within six months of the close of the institute's fiscal year.

     

    (D)  Capital improvements

     

    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.

     

     

     

     

     

     

     

     

     

     

     

    3333-1-20                                                                                                                              2

    Effective:                                                             08/15/2016

    Five Year Review (FYR) Dates:                         05/26/2016 and 08/15/2021

    CERTIFIED ELECTRONICALLY

    Certification

    08/01/2016

    Date

    Promulgated Under:                           119.03

    Statutory Authority:                           3333.042

    Rule Amplifies:                                  3333.042

    Prior Effective Dates:                         12/18/10

Document Information

Effective Date:
8/15/2016
File Date:
2016-08-01
Last Day in Effect:
2016-08-15
Five Year Review:
Yes
Rule File:
3333-1-20_PH_FF_A_RU_20160801_1225.pdf
Related Chapter/Rule NO.: (1)
Ill. Adm. Code 3333-1-20. Procedures to be followed in allocating state support to the Ohio aerospace institute