(A) Upon the placement of a SaveNOW linked deposit with an eligible savings institution,
the institution shall offer SaveNOW savings accounts to eligible residents under section 135.104 of the Revised Code. A certification of compliance with this section in the form and manner prescribed
by the treasurer of state shall be required of the eligible savings institution.
(B) The treasurer of state shall take any and all steps necessary to implement the
SaveNOW program and to monitor the compliance of eligible savings institutions, including
the development of guidelines as necessary.
(C) Annually, by the first day of February, the treasurer of state shall report on
the SaveNOW program for the preceding calendar year to the governor, the speaker of
the house of representatives, and the president of the senate. The speaker shall transmit copies of the report to the chairpersons of the standing
committees of the house of representatives that customarily consider legislation regarding
finance, and the president of the senate shall transmit copies of the report to the
chairpersons of the standing committees of the senate that customarily consider legislation
regarding finance. The report shall set forth the SaveNOW linked deposits made by the treasurer of
state under the program during the year and shall include a list of eligible savings
institutions and the number of SaveNOW savings accounts at each of those institutions
during the preceding year.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.