There is hereby created in the state treasury the treasurer's information technology reserve fund. The fund shall consist of unexpended amounts transferred from either or both of the following:
(A) The securities lending program fund created under section 135.47 of the Revised Code;
(B) The account created under section 3366.05 of the Revised Code that is in the custody of the treasurer of state and not part of the state treasury.
Moneys credited to the treasurer's information technology reserve fund shall be expended only to acquire or maintain hardware, software, or contract services for the efficient operation of the treasurer of state's office. Unexpended amounts shall be retained in the fund and reserved for such future technology needs.
Last updated September 11, 2023 at 3:33 PM