Ohio HB785 enacts the ASSET Act to enhance state property management and military asset efficiency.

The Ohio ASSET Act, or Advancing Strategic State and Military Asset Efficiency and Transformation Act, aims to improve the management and efficiency of state-owned properties and military assets. The bill authorizes the Department of Administrative Services to enter into enhanced lease agreements with private entities for the development of unproductive and unused state real property. It also grants the department the power to lease, grant easements, or license state-owned property for various purposes, including commercial, research, and public-private partnerships.

Ohio HB785 enacts the ASSET Act to enhance state property management and military asset efficiency.

The Ohio ASSET Act, or Advancing Strategic State and Military Asset Efficiency and Transformation Act, aims to improve the management and efficiency of state-owned properties and military assets. The bill authorizes the Department of Administrative Services to enter into enhanced lease agreements with private entities for the development of unproductive and unused state real property. It also grants the department the power to lease, grant easements, or license state-owned property for various purposes, including commercial, research, and public-private partnerships.