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| To enact section 3333.70 of the Revised Code to | 1 |
| create the Ohio Higher Education Innovation Grant | 2 |
| Program and to make an appropriation. | 3 |
| Section 1. That section 3333.70 of the Revised Code be | 4 |
| enacted to read as follows: | 5 |
| Sec. 3333.70. (A) The chancellor of the Ohio board of | 6 |
| regents shall establish and administer the Ohio higher education | 7 |
| innovation grant program to promote educational excellence and | 8 |
| efficiency throughout the state. Under the program, the chancellor | 9 |
| shall award grants to state institutions of higher education, as | 10 |
| defined in section 3345.011 of the Revised Code, for innovative | 11 |
| projects that incorporate academic achievement and economic | 12 |
| efficiencies. State institutions of higher education may apply for | 13 |
| grants and collaborate with other institutions of higher | 14 |
| education, either public or private, on such projects. | 15 |
| (B) The chancellor shall adopt rules to administer the | 16 |
| program including, but not limited to, requirements that each | 17 |
| grant application provides for all of the following: | 18 |
| (1) A system by which to measure academic achievement and | 19 |
| reductions in expenditures, both in funding and administration; | 20 |
| (2) Demonstration of how the project will be sustained beyond | 21 |
| the grant period and continue to provide substantial value and | 22 |
| lasting impact; | 23 |
| (3) Proof of commitment from all parties responsible for the | 24 |
| implementation of the project; | 25 |
| (4) Implementation of an ongoing evaluation process and | 26 |
| improvement plans, as necessary. | 27 |
| Section 2. All items in this section are hereby appropriated | 28 |
| as designated out of any moneys in the state treasury to the | 29 |
| credit of the designated fund. For all appropriations made in this | 30 |
| act, those in the first column are for fiscal year 2014 and those | 31 |
| in the second column are for fiscal year 2015. The appropriations | 32 |
| made in this act are in addition to any other appropriations made | 33 |
| for the FY 2014-FY 2015 biennium. | 34 |
| Appropriations |
| 35 | |
| General Revenue Fund | 36 |
| GRF | 235529 | Innovation Grants | $ | 0 | $ | 100,000,000 | 37 | ||||
| TOTAL GRF General Revenue Fund | $ | 0 | $ | 100,000,000 | 38 | ||||||
| TOTAL ALL BUDGET FUND GROUPS | $ | 0 | $ | 100,000,000 | 39 | ||||||
| INNOVATION GRANTS | 40 |
| The foregoing appropriation item 235529, Innovation Grants, | 41 |
| shall be used by the Chancellor of the Board of Regents to | 42 |
| distribute grant awards pursuant to section 3333.70 of the Revised | 43 |
| Code. | 44 |
| Section 3. Within the limits set forth in this act, the | 45 |
| Director of Budget and Management shall establish accounts | 46 |
| indicating the source and amount of funds for each appropriation | 47 |
| made in this act, and shall determine the form and manner in which | 48 |
| appropriation accounts shall be maintained. Expenditures from | 49 |
| appropriations contained in this act shall be accounted for as | 50 |
| though made in Am. Sub. H.B. 59 of the 130th General Assembly. | 51 |
| The appropriations made in this act are subject to all | 52 |
| provisions of Am. Sub. H.B. 59 of the 130th General Assembly that | 53 |
| are generally applicable to such appropriations. | 54 |