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GrowNOW is a program provided by the State Treasurer's office for small business owners. Small businesses that can commit to creating or retaining jobs in Ohio can receive a two-year, 3% interest rate reduction on new or existing loans.

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6/5/2013 CPIM Conference: Warrensville Heights
Rep. Dovilla and Treasurer Mandel Hold Press Conference Introducing Transparency Legislation to Post State Checkbook Online
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Programs  /  Agency Collateral

Programs

Agency Collateral

When a private entity engages in certain activities within the State of Ohio, Ohio law requires that securities be pledged to the Ohio Treasury for the benefit of the agency that regulates such activities.  These securities are held in trust and indemnify the relevant agency in the event that a pledger defaults on an obligation arising from the performance of the specific activity.

Choose the title to obtain a document, form or link

Collateral Pledge and Release Procedures
View procedures for submitting the forms for pledging or releasing securities for state agencies

Agency Collateral Pledge Form
State agencies should complete this form when requesting to pledge securities for safekeeping.

Agency Collateral Request for Release Form
State agencies should complete this form when requesting to release securities pledged as collateral.

When a private entity engages in specific activities with the State of Ohio, Ohio law requires that securities be pledged with the Ohio Treasury for the benefit of that agency to secure that obligation.

The Ohio Treasury is custodian for these pledged monies, accounts, and securities. Details pertaining to procedures for each agency’s trust account(s) are found below.

As custodian, the Ohio Treasury maintains the collateral in accounts established for each agency and company, or in rare instances (such as may be the case with bearer instruments) secures the collateral on the premises if necessary. The Treasury earmarks all interest earnings to the owner of the collateral.

The Treasury releases collateral only with written instructions from the agency to which it is pledged. Owners must contact the agency with a request for release. Prior to collateral reaching maturity the state treasurer’s office will notify the agency of the maturity date.

The Treasury distributes quarterly inventory and periodic transaction reports to the agency.

To determine collateral sufficiency for obligations that must be secured by private entities, the entity must contact the individual agency directly.

Abandoned Service Stations: ORC 3791.11
Bureau of Motor Vehicles: ORC 4509.62
Bureau of Workers Compensation: ORC 4141.241
Department of Agriculture: ORC 902.04
Department of Commerce:
Financial Institutions: ORC 135.18
Trustee Banks:ORC 1111.04
Building & Loan Association:ORC 1155.15
Department of Insurance: ORC 3901.53
Department of Jobs & Family Services: ORC 4141.24
Department of Taxation: Motor Fuel Tax: ORC 5735.03
Department of Natural Resources
Mineral Resources: ORC 1509.07
Water: ORC 1521.061
Forestry: ORC 1503.05
Coal Mining: ORC 1501.13
Other Surface Mining: ORC 1514.04
State Parks: ORC 1501.10
Department of Developmental Disabilities
State Board of Career Colleges and Schools: ORC 3332.08

You can look up the relevant Ohio Revised Code (ORC) at Lawriter
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Describe Yourself (check all that apply)

Office Of Debt Mgmt
The Office of Debt Management plays an important role in the operation of state government: it oversees the borrowing of funds to assure it is completed in an efficient manner.
    

SaveNOW
SaveNOW, a program offered by the State Treasurer through our linked deposit authority, offers a 3% bonus interest on savings accounts for Ohio citizens.
    

Smart Money Choices
A free personal financial-planning conference series for all Ohioans presented by State Treasurer Josh Mandel, and supported by a variety of statewide and regional partners.
    

Top-Bottom Review 2011
Review Outlines Steps to Improve Operations, Safeguard Investments, Leverage Technology, Increase Transparency and Modernize Banking Practices
    

e-Funds Transfer
Electronic Funds Transfers makes tax payments easy. Entities that have received a notice from the Ohio Department of Taxation can register for electronic payment via the website.
    

Veteran's Preference
Veteran’s Preference provides veterans with priority to be accepted into the GrowNOW and Ag-LINK linked-deposit programs.
    

GrowNOW
A partnership between eligible banks and the Ohio Treasury, enables small business owners to receive a 3% interest rate reduction on small business loans for two years with the opportunity for renewal
    

Renew & Rebuild Ohio
Small business owners, farmers and homeowners are eligible to receive financial assistance to rebuild and recover following an emergency.
    

Ag-LINK
A program for farms to receive an interest rate reduction on new or existing loans or lines of credit up to $150,000. Applications are accepted on an annual basis from January through March.
    

STAR Ohio
The State Treasury Asset Reserve (STAR) of Ohio, which allows government subdivisions – from municipalities to school districts – to invest funds in a highly-rated public investment pool.
    

CPIM
The Center for Public Investment Management (CPIM) provides continuing education to Ohio’s public funds managers and their oversight authorities.
    

CPIM Conference: Bowling
The CPIM (Center for Public Funds Managers) Academy allows public funds managers to increase their financial competencies in managing and safeguarding Ohio’s tax dollars.
    

CPIM Akron
The CPIM (Center for Public Funds Managers) Academy allows public funds managers to increase their financial competencies in managing and safeguarding Ohio’s tax dollars.
    

CPIM Dayton
The CPIM (Center for Public Funds Managers) Academy allows public funds managers to increase their financial competencies in managing and safeguarding Ohio’s tax dollars.
    

CPIM Columbus
The CPIM (Center for Public Funds Managers) Academy allows public funds managers to increase their financial competencies in managing and safeguarding Ohio’s tax dollars.
    

ECO-Link
A partnership between the State Treasurer and participating banks that provides a 3% interest rate reduction for 5 or 7 years on bank loans when completing energy-efficient upgrades to your home.
    

Teacher Academy
The Ohio Treasury's Teacher Academy is a highly successful two-day summer workshop offered in partnership with the Ohio Department of Education and the Ohio Council on Economic Education.