Ohio Rev. Code § 3309.159

Current with legislation from 2024 received as of August 15, 2024.
Section 3309.159 - Designation of Ohio-qualified investment managers - utilization - annual report
(A) The school employees retirement board shall, for the purposes of this section, designate an investment manager as an Ohio-qualified investment manager if the investment manager meets all of the following requirements:
(1) The investment manager is subject to taxation under Chapter 5725., 5726., 5733., 5747., or 5751. of the Revised Code.
(2) The investment manager meets one of the following requirements:
(a) Has its corporate headquarters or principal place of business in this state;
(b) Employs at least five hundred individuals in this state;
(c) Has a principal place of business in this state and employs at least twenty residents of this state.
(B)
(1) The board shall, at least annually, establish a policy with the goal to increase utilization by the board of Ohio-qualified investment managers, when an Ohio-qualified investment manager offers quality, services, and safety comparable to other investment managers otherwise available to the board. The policy shall also provide for the following:
(a) A process whereby the board can develop a list of Ohio-qualified investment managers and their investment products;
(b) A process whereby the board can give public notice to Ohio-qualified investment managers of the board's search for an investment manager that includes the board's search criteria.
(2) The board shall determine whether an investment manager is an Ohio-qualified investment manager and whether the investment manager offers quality, services, and safety comparable to other investment managers otherwise available to the board. The board's determination shall be final.

R.C. § 3309.159

Amended by 131st General Assembly, HB 64,§101.01, eff. 9/29/2015.
Amended by 129th General Assembly, HB 510, §1, eff. 3/27/2013.
Effective Date: 09-15-2004 .