Proposed Ohio Amendment on science and technology funding
The measure authorizes state and local governments to issue general obligation bonds and provide financial support for science and technology based research and development to create jobs and economic growth. It sets cap limits of 500 million dollars total and 50 million per year, with up to 100 million in the first year, and allows support for universities, research organizations, and private sector partners. It requires full faith and credit backing and enables various forms of assistance and collaboration between public and private entities.