Direct state funds for economic growth and community development

HB 2 amends state laws to allow the Ohio Department of Transportation to provide loans, grants, and credit support to local governments for specific infrastructure projects. These projects include building or improving roads, bridges, water systems, and waste disposal facilities that benefit communities. The bill requires that any financial assistance be approved by local committees and stay within the district's allocated budget from the state capital improvements fund. By defining terms like "capital improvement" and "credit enhancement," the legislation clarifies how state funds can be used to help local subdivisions finance public works.