Ohio HB694 amends laws regarding liens, conservatorships, and governance authorities for state universities and colleges.

Ohio HB694 revises provisions concerning liens on state institutions of higher education facilities and conservatorships for state universities and colleges. The bill establishes governance authorities to manage state universities or colleges under fiscal watch or conservatorship. It outlines procedures for appointing conservators, the powers and duties of governance authorities, and the responsibilities of the executive director. The bill also details the rights and remedies of bondholders and the conditions under which liens can be enforced.

Ohio HB694 amends laws regarding liens, conservatorships, and governance authorities for state universities and colleges.

Ohio HB694 revises provisions concerning liens on state institutions of higher education facilities and conservatorships for state universities and colleges. The bill establishes governance authorities to manage state universities or colleges under fiscal watch or conservatorship. It outlines procedures for appointing conservators, the powers and duties of governance authorities, and the responsibilities of the executive director. The bill also details the rights and remedies of bondholders and the conditions under which liens can be enforced.