To say that I am annoyed with 3 of 4 Democrats on the Senate Finance committee for voting for JobsOhio is an understatement. But I am going to take a deep breath and avoid a long rant on the topic right now.

Instead I’ll answer this quick question: What did we get in exchange for some Democratic votes on JobsOhio?

Here’s a list of the most recent changes to Senate Bill that were approved in committee this morning:

• Reports must be filed with the Controlling Board every six months on how funds are used

• Public and private funds can not be commingled

• The JobOhio board must establish a record retention policy and present this policy at an open quarterly meeting

• The JobsOhio board must define its own set of stardards of conduct

• At least 6 appointees must come from Ohio. All 8 may come from Ohio.

• Contracts for loans, grants, tax credits and incentive awards will be enforced by the Department of Development meaning they are subject to approval by the Controlling Board.

• Financial disclosure forms filed by employees of JobsOhio will be kept confidential.

• The JobsOhio CIO and anyone with authority will be required to file financial disclosure forms.

• JobsOhio employees can seek advisory opinions from the Ohio Ethics Commission

• JobsOhio is still exempted from Public Records laws but minutes of open meetings must be made public and a notice of the open meetings must be public.

• To avoid questions about constitutionality, JobsOhio cannot create an obligation or responsibility of the state.

• Legislators and legislative staff can not receive compensation to lobby JobsOhio

Other changes:

• The Senate version allows JobsOhio to indemnify its Board, officers, and
employees to the fullest extent permitted by law from liability and permits
procurement of liability insurance for that purpose.

• JobsOhio employees and officers are exempt from the “public servant” definition in the criminal code section 2921.

• The Senate version applies the “bribery” offense to those seeking to bribe
JobsOhio employees.

There remain so many problems with the bill that another post is in order, but we wanted to get a summary posted before the bill went to the full Senate later today.

You have to wonder why the Democrats were so desperate to accept the little bones they were thrown to vote for this and provide essential cover to Republicans in getting this passed. We also hear House Democrats are eager to find a way to vote for it when it is up for concurrence. We’ll be back with a lot more, including advice to House Ds leaning in that direction.

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  • RK

    Thanks for getting this out to us. The issues are enormous and I still hear no valid rationale as to why it needs to exist. But then, we already know, don’t we?

    Unbelievable that we have Dems voting for this legislation.

  • RK

    Thanks for getting this out to us. The issues are enormous and I still hear no valid rationale as to why it needs to exist. But then, we already know, don’t we?

    Unbelievable that we have Dems voting for this legislation.

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  • Anonymous

    I don’t think it’s that simple. they are still talking about raising private money and taking equity stakes in companies. I need to re-read the legislation but I don’t know if it speaks to this point at all, but what’s to stop them from investing state money in a private company for an equity stake? If they do that, won’t they be chasing profits at the expense of good-paying jobs? If I want a return on my equity stake, I want you to make your widgets with the cheapest Chinese labor and materials you can get. Aren’t they setting themselves up with a total conflict of interest as fiduciaries?

    And they will still get to administer up to $2 billion a year grant, loan and tax credit programs for the state – and while a concession was made that awards will need to be approved by the Controlling Board (which is how it works now), we still won’t ever get to know who was unsuccessful in getting awards or what the criteria were that were used in making the selections.

    Sending this to a private corporation takes away any transparency and adds whole new levels of conflict on the part of the board.

  • Anonymous

    I don’t think it’s that simple. they are still talking about raising private money and taking equity stakes in companies. I need to re-read the legislation but I don’t know if it speaks to this point at all, but what’s to stop them from investing state money in a private company for an equity stake? If they do that, won’t they be chasing profits at the expense of good-paying jobs? If I want a return on my equity stake, I want you to make your widgets with the cheapest Chinese labor and materials you can get. Aren’t they setting themselves up with a total conflict of interest as fiduciaries?

    And they will still get to administer up to $2 billion a year grant, loan and tax credit programs for the state – and while a concession was made that awards will need to be approved by the Controlling Board (which is how it works now), we still won’t ever get to know who was unsuccessful in getting awards or what the criteria were that were used in making the selections.

    Sending this to a private corporation takes away any transparency and adds whole new levels of conflict on the part of the board.

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