Preparing document for print. Please wait.
State of Ohio - Controlling Board Request
STATE OF OHIO
CONTROLLING BOARD
30 East Broad Street, 34th Floor
Columbus, Ohio 43215-3457
(614) 466-5721 FAX:(614) 466-3813
OPERATING TRANSFER Controlling Board No.
DEV0103721
Status:  Approved
Meeting Date:  6/15/2020

GENERAL INFORMATION
Agency
Development Services Agency


Division/Institution
Development Services Agency
Waiver of Competitive Selection  (Revised Code Section 127.16B)
      No Competitive Opportunity
      Agency Released Competitive Opportunity
Agency Released Competitive Opportunity (Revised Code Section 127.162)
Other Statutory Authority/Bill Section:
Operating Transfer Request  (Revised Code Section 127.14)
      Appropriation
      Cash
      Other Statutory Authority/Bill Section:
Fiscal Year(s)
2021
Bill No.
HB 166
Eligible for OBM
Director Approval?
No

TRANSER INFORMATION
FromToFYFund GroupFund CodeAppropriation Line ItemAppropriation Line Item NameTransfer AmountPrev Rel Amount
DEV01 2020 4Z60 195647 Rural Industrial Park Loan $8,240,419.00 $0.00
DEV01 2021 4Z60 195647 Rural Industrial Park Loan $8,240,419.00 $0.00

SIGNATURES
     
Lydia L. Mihalik 06/15/2020
   
Agency Director or Authorized Agent On The Date Of
   
05/22/2020 W. Fletch Zimpher
   
Date Controlling Board President/OBM Director
   
AGENCY CONTACT
Name:  Rachel Near Title:  Director of Legislative Affairs
Phone:  (614) 644 - 8630 Fax:  (614) 728 - 4920 E-Mail:  Rachel.Near@development.ohio.gov
REQUIRED EXPLANATION OF REQUEST
  The Development Services Agency respectfully requests Controlling Board approval to transfer appropriation in the amount of $8,240,419.00, in Fund 4Z60, ALI 195647 (Rural Industrial Park Loan), from FY20 to FY21, to utilize unobligated FY20 appropriations in order to finance Rural Industrial Park Loans in FY21.  
  The Rural Industrial Park Loan Program (RIPL) promotes economic development by providing low-interest direct loans to assist counties, municipalities, townships, non-profit organizations, port authorities, community improvement corporations, and private developers in financing the development and improvement of industrial parks and related off-site public infrastructure improvements in rural areas.

Funding was provided to launch this program again in HB 166, and the Development Services Agency opened applications in late 2019. Controlling Board has since approved the following Rural Industrial Park loans:

JBS Development, LLC (Galion, Ohio): $2,500,000
Lawrence Economic Development: $1,844,000
Lawrence Economic Development: $952,560
East Meigs County Community Improvement: $1,463,021

Interest is growing and Development anticipates many more projects in FY21 if the appropriation transfer is approved.
 
   
Attachments Controlling Board Request No.: DEV0103721
Attachment TypeAttachment Description
No attachments found.

Operating Request Required Information
Operating Transfer Request
Controlling Board Request No.: DEV0103721
1.  How will the additional appropriation and/or cash be used?
To make additional loans under the Rural Industrial Park Loan (RIPL) program.
Provide the information below relative to this transfer.
Account Category Account Category Description Current Appropriation Authority Requested Increase in Appropriation Total Appropriation Authority
500   Personal Services - Payroll   $0.00   $0.00   $0.00
510   Purchases Personal Services and Others   $0.00   $0.00   $0.00
520   Supplies and Maintenance   $0.00   $0.00   $0.00
530   Equipment   $0.00   $0.00   $0.00
550   Subsidies and Shared Revenue   $0.00   $0.00   $0.00
570   Capital Items   $0.00   $0.00   $0.00
590   Judgements, Settlements and Bonds   $0.00   $8,240,419.00   $8,240,419.00
Other   Other   $0.00   $0.00   $0.00
Total: $0.00 $8,240,419.00 $8,240,419.00
   
2. Provide a short description of each item affected by this transfer in the table above.
For example, if transferring appropriation to a subsidy line item, provide details on the added recipients or the new allocation formula for distribution of moneys.
 
Account Category Short Description
500
510
520
530
550
570
590 To finance projects in the Rural Industrial Park Loan program.
Other
   
3. Will this transfer be used to maintain current service levels, expand an existing program or activity, or begin a new program? Explain.
Maintain an existing program.
   
4. Based upon the response to number 3, explain how these services or programs would have been funded if this additional funding were not available.
No loans could be made in this program in FY21.
   
5. Account Category 500-Personal Services:
 
a. Explain why changes are being requested in the personal services account category 500.
N/A
b. How many existing staff are being affected by this transfer? 0
What appropriation line item are they currently being paid? 
c. How would these existing staff have been affected if these additional funds were not available?
N/A
d. Will new staff be hired as a result of the additional funds? 
   
6. List any other transfers involving these appropriation line items and/or cash approved by the Controlling Board in the current biennium, including the date and requested amount of the adjustment(s).
 
ALITransfer DateTransfer AmountCBR Number