The chancellor of higher education shall require each state university or college, and any nonpublic Ohio university or college with which the state university or college is collaborating, that the controlling board approves to receive an award under the Ohio innovation partnership to enter into an agreement governing the use of the award. The agreement shall contain terms the chancellor determines to be necessary, which shall include performance measures, reporting requirements, and an obligation to fulfill pledges of other institutional, public, or nonpublic resources for the proposal.

The chancellor may require a state university or college or a nonpublic Ohio university or college that violates the terms of the agreement to repay the award plus interest at the rate required by section 5703.47 of the Revised Code to the chancellor, except that the chancellor shall not hold a state or nonpublic university or college responsible for a repayment due to a student obligation under section 3333.611 of the Revised Code, until the state or nonpublic university or college is able to obtain repayment from the student or if the state or nonpublic university or college has certified collection of the repayment to the attorney general and has sent a copy of the certification to the chancellor.

If the chancellor makes an award to a program or initiative that is intended to be implemented by a state university or college in collaboration with other state institutions of higher education or nonpublic Ohio universities or colleges, the chancellor may enter into an agreement with the collaborating universities or colleges that permits awards to be received directly by the collaborating universities or colleges consistent with the terms of the program or initiative. In that case, the chancellor shall incorporate into the agreement terms consistent with the requirements of this section.

Amended by 133rd General Assembly File No. TBD, HB 166, §101.01, eff. 10/17/2019.

Amended by 131st General Assembly File No. TBD, HB 64, §101.01, eff. 9/29/2015.

Effective Date: 2007 HB119 06-30-2007