Ohio Code 126.071 – Monetary settlement; Consultation with director of budget and management
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No state agency shall agree to any monetary settlement that obligates payment from any fund within the state treasury without consulting with the director of budget and management.
Terms Used In Ohio Code 126.071
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- state: means the state of Ohio. See Ohio Code 1.59