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Accountancy Board tells Senate it is self-funded and seeks rulemaking authority for license fees
Summary
The Accountancy Board told the Senate Government Oversight and Reform Committee it is fully funded by licensing fees, oversees nearly 30,000 licenses and is seeking statutory authority to set permit fees by rule to manage anticipated revenue declines from retirements.
Donna Ocklock, executive director of the Ohio Accountancy Board, told the Senate Government Oversight and Reform Committee that the board is fully funded by licensee fees and does not use General Revenue Fund dollars. "It is totally funded by fees for applicants and from our licensees. We are self sustaining and spend no money from the General Revenue Fund," she said.
Ocklock said the board currently oversees nearly 30,000 CPA and…
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