Ohio Code § 742.116
Ohio Code § 742.116. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 742.116.
(A) The board of trustees of the pension fund 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.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 742.116
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
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The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 742.116 address?
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Is Ohio Revised Code § 742.116 still in force?
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