reglab/housing_qa huggingface dataset:
Ohio Rev Code § 742.105 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.105 | Selection of Internal Auditor.

Effective: April 6, 2017|Latest Legislation:  House Bill 520 - 131st General Assembly|The Ohio police and fire pension fund board of trustees shall appoint a committee to oversee the selection of an internal auditor. The committee shall select one or more persons for employment as an internal auditor. The board shall employ the person or persons selected by the committee.The committee shall consist of the following board members: one retirant member, one employee member, and one other member. The committee shall annually prepare and submit to the Ohio retirement study council a report of its actions during the preceding year.
Ohio Rev Code § 742.111 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.111 | Prohibited Business Transactions.

Effective: November 2, 1999|Latest Legislation:  House Bill 222 - 123rd General Assembly|The Ohio police and fire pension fund shall make no investments through or purchases from, or otherwise do any business with, any individual who is, or any partnership, association, or corporation that is owned or controlled by, a person who within the preceding three years was employed by, an officer of, or a board member of the fund, or in which a person who within the preceding three years was employed by, an officer of, or a board member of the fund, holds a fiduciary, administrative, supervisory or trust position, or any other position in which such person would be involved, on behalf of the person's employer, in decisions or recommendations affecting the investment policy of the fund, and in which the person would benefit by any monetary gain.
Ohio Rev Code § 742.112 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.112 | Restrictions on Fiduciaries.

Effective: November 2, 1999|Latest Legislation:  House Bill 222 - 123rd General Assembly|(A) Except as provided in division (B) of this section, a fiduciary shall not cause the Ohio police and fire pension fund to engage in a transaction, if the fiduciary knows or should know that such transaction constitutes a direct or indirect:(1) Sale or exchange, or leasing, of any property between the fund and a party in interest;(2) Lending of money or other extension of credit between the fund and a party in interest;(3) Furnishing of goods, services, or facilities between the fund and a party in interest;(4) Transfer to, or use by or for the benefit of a party in interest, of any assets of the fund; or(5) Acquisition, on behalf of the fund, of any employer security or employer real property.(B) Nothing in this section shall prohibit any transaction between the Ohio police and fire pension fund and any fiduciary or party in interest if:(1) All the terms and conditions of the transaction are comparable to the terms and conditions which might reasonably be expected in a similar transaction between similar parties who are not parties in interest; and(2) The transaction is consistent with the fiduciary duties described in Chapter 742. of the Revised Code.(C) A fiduciary shall not:(1) Deal with the assets of the fund in the fiduciary's own interest or for the fiduciary's own account;(2) In the fiduciary's individual or in any other capacity, act in any transaction involving the fund on behalf of a party (or represent a party) whose interests are adverse to the interests of the fund or the interests of its participants or beneficiaries; or(3) Receive any consideration for the fiduciary's own personal account from any party dealing with such fund in connection with a transaction involving the assets of the fund.(D) In addition to any liability which the fiduciary may have under any other provision, a fiduciary with respect to the fund shall be liable for a breach of fiduciary responsibility of any fiduciary with respect to the fund in the following circumstances:(1) If the fiduciary participates knowingly in, or knowingly undertakes to conceal, an act or omission of such other fiduciary, knowing such act or omission is a breach;(2) If, by the fiduciary's failure to comply with Chapter 742. of the Revised Code, the fiduciary has enabled such other fiduciary to commit a breach; or(3) If the fiduciary has knowledge of a breach by such other fiduciary, unless the fiduciary makes reasonable efforts under the circumstances to remedy the breach.(E) Every fiduciary of the fund shall be bonded or insured to an amount of not less than one million dollars for loss by reason of acts of fraud or dishonesty.
Ohio Rev Code § 742.113 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.113 | Conflicts of Interest.

Effective: July 23, 2002|Latest Legislation:  Senate Bill 134 - 124th General Assembly|Except as provided in sections 742.01 to 742.61 of the Revised Code, no trustee and no employee of the board of trustees of the Ohio police and fire pension fund shall have any interest, direct or indirect, in the gains or profits of any investment made by the board nor as such, directly or indirectly, receive any pay or annual emolument for the trustee's or employee's services. No trustee or employee of said board shall, directly or indirectly, for self or as an agent or partner of others, borrow any funds or deposits over which the board has jurisdiction or use the same except to make such current and necessary payments as are authorized by the board; nor shall any member or employee of the said board become an endorser or surety or become in any manner an obligor for money loaned by or borrowed from the board.
Ohio Rev Code § 742.114 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.114 | Designation of Ohio-Qualified Agents - Selection Policy - Utilization - Annual Report.

Effective: March 31, 2021|Latest Legislation:  House Bill 312 - 133rd General Assembly|(A) As used in this section and in section 742.116 of the Revised Code: (1) "Agent" means a dealer, as defined in section 1707.01 of the Revised Code, who is licensed under sections 1707.01 to 1707.50 of the Revised Code or under comparable laws of another state or of the United States. (2) "Minority business enterprise" has the same meaning as in section 122.71 of the Revised Code. (3) "Ohio-qualified agent" means an agent designated as such by the board of trustees of the fund. (4) "Ohio-qualified investment manager" means an investment manager designated as such by the board of trustees of the fund. (5) "Principal place of business" means an office in which the agent regularly provides securities or investment advisory services and solicits, meets with, or otherwise communicates with clients. (B) The board of trustees of the fund shall, for the purposes of this section, designate an agent as an Ohio-qualified agent if the agent meets all of the following requirements: (1) The agent is subject to taxation under Chapter 5725., 5726., 5733., 5747., or 5751. of the Revised Code; (2) The agent is authorized to conduct business in this state; (3) The agent maintains a principal place of business in this state and employs at least five residents of this state. (C) The board shall adopt and implement a written policy to establish criteria and procedures used to select agents to execute securities transactions on behalf of the retirement system. The policy shall address each of the following: (1) Commissions charged by the agent, both in the aggregate and on a per share basis; (2) The execution speed and trade settlement capabilities of the agent; (3) The responsiveness, reliability, and integrity of the agent; (4) The nature and value of research provided by the agent; (5) Any special capabilities of the agent. (D)(1) The board shall, at least annually, establish a policy with the goal to increase utilization by the board of Ohio-qualified agents for the execution of domestic equity and fixed-income trades on behalf of the retirement system, when an Ohio-qualified agent offers quality, services, and safety comparable to other agents otherwise available to the board and meets the criteria established under division (C) of this section. (2) The board shall review, at least annually, the performance of the agents that execute securities transactions on behalf of the board. (3) The board shall determine whether an agent is an Ohio-qualified agent, meets the criteria established by the board pursuant to division (C) of this section, and offers quality, services, and safety comparable to other agents otherwise available to the board. The board's determination shall be final.
Ohio Rev Code § 742.115 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.115 | Annual Disclosures to Ohio Ethics Commission.

Effective: September 15, 2004|Latest Legislation:  Senate Bill 133 - 125th General Assembly|(A) The Ohio police and fire pension fund shall disclose the following to the Ohio ethics commission:(1) Anything of value received by the system from an agent and anything of value given on behalf of the system by an agent;(2) The name of any employee of the system with authority over the investment of retirement system funds or any board member of the system who deals with an agent regarding amounts described in division (A)(1) of this section.(B) The disclosures required by this section shall be made annually in a report submitted by a date prescribed by the Ohio ethics commission.
Ohio Rev Code § 742.116 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.116 | Designation of Ohio-Qualified Investment Managers - Utilization - Annual Report.

Effective: September 29, 2015|Latest Legislation:  House Bill 64 - 131st General Assembly|(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.
Ohio Rev Code § 742.12 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.12 | Bonds Purchased From Taxing Districts.

Effective: November 2, 1999|Latest Legislation:  House Bill 222 - 123rd General Assembly|Bonds purchased by the board of trustees of the Ohio police and fire pension fund from any taxing district of the state shall be in the denomination required by the board in its resolution of purchase, or the board may by its resolution require that all bonds of any series of bonds purchased by it from any taxing district of the state be consolidated and issued as one bond, the principal amount of which is equal to the aggregate amount of all the bonds of said series, which principal together with the interest thereon shall be paid in installments evidenced by and payable upon the surrender of combined principal and interest coupons attached thereto, which coupons shall each separately state the amounts of principal and interest included therein.
Ohio Rev Code § 742.13 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.13 | Record of Proceedings Between Board and Taxing District.

Effective: November 2, 1999|Latest Legislation:  House Bill 222 - 123rd General Assembly|The proper officers of each taxing district issuing the bonds provided for in section 742.12 of the Revised Code shall, without additional procedure or legislation on their part, comply with this section and with section 742.12 of the Revised Code, except that the proper accounting officers of such taxing district and the secretary of the sinking fund shall make and keep a detailed record of any such changes required by the board of trustees of the Ohio police and fire pension fund. The board shall not change the date of maturity of any part of the principal or interest of any bond issue, nor shall it require a bond of any issue to be of a larger denomination, nor any partial payment of principal to be of greater amount than the aggregate amount of such issue falling due at any date.
Ohio Rev Code § 742.15 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.15 | Collecting and Retaining Data.

Effective: November 2, 1999|Latest Legislation:  House Bill 222 - 123rd General Assembly|The board of trustees of the Ohio police and fire pension fund shall collect and keep in convenient form such data as are necessary for the preparation of the required mortality and service tables and for the compilation of such other information as is required for the actuarial evaluations provided for by section 742.14 of the Revised Code.
Ohio Rev Code § 742.16 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.16 | Amortizing Unfunded Actuarial Accrued Pension Liability.

Effective: January 7, 2013|Latest Legislation:  Senate Bill 340 - 129th General Assembly|The board of trustees of the Ohio police and fire pension fund shall establish a period of not more than thirty years to amortize the Ohio police and fire pension fund's unfunded actuarial accrued pension liabilities. The board shall adopt a plan that specifies how it proposes to meet the thirty-year amortization period not later than December 31, 2006. If the period necessary to amortize the unfunded actuarial accrued pension liability exceeds thirty years, as determined by the actuarial valuation required by section 742.14 of the Revised Code, the board, not later than ninety days after receipt of the valuation, shall prepare and submit to the Ohio retirement study council and the standing committees of the house of representatives and the senate with primary responsibility for retirement legislation a report that includes the following information: (A) The number of years needed to amortize the unfunded actuarial accrued pension liability as determined by the actuarial valuation;(B) A plan approved by the board that indicates how the board will reduce the amortization period of unfunded actuarial accrued pension liability to not more than thirty years;(C) Whether the board has made any progress in meeting the thirty-year amortization period.
Ohio Rev Code § 742.161 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.161 | Adjustment to Age and Years of Service Credit.

Effective: June 24, 2013|Latest Legislation:  Senate Bill 340 - 129th General Assembly|Following the actuarial investigation required by division (B) of section 742.14 of the Revised Code due on November 1, 2017, and following each quinquennial actuarial investigation thereafter, if, in consultation with its actuary, the Ohio police and fire pension fund board of trustees determines that an adjustment to the age and years of service credit required to receive a pension or benefit under division (C) of section 742.37 of the Revised Code is appropriate, the board may, in accordance with rules adopted under section 742.10 of the Revised Code, do either of the following: (A) If the board's determination is that increasing the age and years of service requirements is necessary to preserve the fiscal integrity of the fund, increase the age and years of service credit required to receive a pension or benefit;(B) If the board's determination is that reducing the age and years of service requirements would not materially impair the fiscal integrity of the fund, reduce the age and years of service credit required to receive a pension or benefit.
Ohio Rev Code § 742.17 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.17 | Form of Application or Election.

Effective: April 6, 2017|Latest Legislation:  House Bill 520 - 131st General Assembly|An application or election made under this chapter shall be submitted to the Ohio police and fire pension fund in the form and manner specified by the fund. The fund shall determine whether an application or election is complete and properly submitted. Its determination is final. If the fund determines that an application or election is incomplete or not properly submitted, it may give the person who submitted the application or election the opportunity to correct any deficiency or may reject the application or election and require that it be resubmitted. The fund shall give written notice of the rejection to the person who submitted the application or election.
Ohio Rev Code § 742.211 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.211 | Transfers of Service Credit and Contributions Between System and Cincinnati Retirement System.

Effective: April 1, 2001|Latest Legislation:  House Bill 535 - 123rd General Assembly|(A) Service credit and contributions for full-time service may be transferred between the fund and the Cincinnati retirement system as specified in sections 742.212 and 742.213 of the Revised Code if both of the following conditions are met:(1) The Cincinnati city council and the board of trustees of the Cincinnati retirement system take all actions, including the adoption of any ordinance or resolution, necessary to authorize the transfer of service credit and contributions between the system and the fund.(2) The Ohio police and fire pension fund and Cincinnati retirement system, through their boards of trustees, enter into an agreement governing the transfers that is consistent with the requirements of sections 742.212 and 742.213 of the Revised Code and includes both of the following:(a) A provision under which the retirement system and the fund agree to transfer the amounts specified in those sections;(b) A provision that specifies the amount of credit the system to which the transfer is made will grant for a specific period of service earned under the transferring system.(B) The amount of credit specified under division (A)(2) of this section may be less than the person earned for a specific period of service under the transferring system.(C)(1) The Ohio police and fire pension fund, through its board of trustees, and the Cincinnati retirement system, acting pursuant to the authority granted it by the Cincinnati city council, may do either of the following:(a) By mutual consent, modify the agreement described in this section;(b) Rescind the agreement described in this section.(2) Any action taken under division (C)(1) of this section does not affect any transfers made between the fund and the system and grants of credit made by the fund or the system prior to the time action is taken.(3) Rescinding an agreement as provided in division (C)(1)(b) of this section does not require mutual consent. The fund or retirement system that rescinds the agreement must promptly notify the other.(D) If either of the conditions described in division (A) of this section is not met, a member of the Ohio police and fire pension fund who meets the requirements of section 742.21 of the Revised Code may purchase credit under division (B) of that section for service in the Cincinnati retirement system.
Ohio Rev Code § 742.22 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.22 | Restoration to Active Duty After Receiving Disability Benefits.

Effective: November 2, 1999|Latest Legislation:  House Bill 222 - 123rd General Assembly|A member of the fund who is receiving disability benefits from the Ohio police and fire pension fund and is restored to active duty as a member of a police or fire department shall, in computing years of service under section 742.37 or 742.39 of the Revised Code, be given service credit for the time the member was receiving such disability benefits.On restoration to active duty as a member of a police or fire department, the member shall make contributions to the fund in accordance with section 742.31 of the Revised Code, and the member's disability benefits shall be terminated on the first day following restoration to active duty. In determining the amount of the member's account after the termination of disability benefits, the total sum of the disability benefits paid shall be deducted from any refund payable to the member under division (G) of section 742.37 of the Revised Code.The employer shall notify the board of trustees of the Ohio police and fire pension fund of the member's return to active duty before the end of the month then current, designating the date of the resumption of active duty. If the member is paid any amount of disability benefits to which the member is not entitled under this section, such amount shall be repaid to the fund by the member or shall be recovered by a withholding from subsequent retirement allowances or other amounts payable under this chapter.
Ohio Rev Code § 742.221 (2021)
2021 Ohio Revised Code|Title 7 | Municipal Corporations|Chapter 742 | Police and Fire Pension Fund|Section 742.221 | Conditions for Receiving Credit for Time Spent on Pregnancy or Medical Disability Leave.

Effective: March 24, 2003|Latest Legislation:  House Bill 373 - 124th General Assembly|A member of the Ohio police and fire pension fund who, during the period of employment as a member of a police or fire department, is removed from active pay status due to pregnancy or a medical disability leave not exceeding one year for each such leave and who is not a participant in the deferred retirement option plan established under section 742.43 of the Revised Code shall, in computing years of active service in such department under division (C) of section 742.37 or section 742.39 of the Revised Code, be given full credit for time for which contributions were not made during such leave of absence if all of the following conditions are met:(A) The leave was approved by the member's employing authority.(B) During the period of the leave the member was not entitled to receive disability benefits from the fund.(C) The member pays into the fund an amount equal to the employee contributions that would have been deducted from the base pay had the member remained on active pay status, plus interest compounded annually from the date the leave commenced to the date of payment. The rate of interest shall be determined by the board of trustees of the Ohio police and fire pension fund.