What’s going on in Ohio?
May 28, 2008 | Uncategorized | Comments (1)Payday Pundit is receiving lots of questions from readers on the situation in Ohio. We know that Governor Strickland has the payday lending ban bill on his desk. And we know that his staff has publicly said he plans to sign it this week.
In case the Governor has realized the negative impact the legislation will have on the state or taken to heart the tens of thousands of pleas from customers and is second guessing the legislation…here are his options.
According to the Buckeye State Blog:
Neither the Ohio Constitution of 1802 or 1851 originally allowed the veto for the Governor. However, with a popular push in 1902 the power was adopted (and subsequently modified in 1912). There is no “pocket veto” similar to that of the federal executive powers. In Ohio, a governor can take a variation of one of three steps after being presented with a bill:
1. Sign the bill and file it with the Secretary of State turning the bill into State law.
2. Do nothing. Ten days after the bill has been presented to him, it becomes law as if he had signed it.
3. Veto the bill and return it to the legislative house it originated in with his written objections (if 3/5’s of the house of origin vote on the bill once again and approve it, it is sent to the other house where another 3/5’s approval overrides the Governor’s veto).
Comments»
If anyone missed it on the radio today. He stated that he is waiting for the bill to get to him and then he will sign it. He then said that he “heard”that we were unwilling to work with the state on resolving this