Ohio Administrative Code|Rule 122:24-1-04 | Application process.

                                                
(A) In order to complete an application for a qualifying
		  investment, both the eligible investor and the potential small business
		  enterprise have registered with the investOhio program and have received an
		  investOhio user ID. This process is described in rule 122:24-1-03 of the
		  Administrative Code. 
(B) Prior to submitting an application for a qualifying
		  investment, the eligible investor and small business enterprise must have
		  exchanged the information necessary to complete an application for a qualifying
		  investment. Either party may apply under the investOhio program. The
		  information necessary shall include:
(1) The amount of the qualifying investment, which must be
			 an investment of money; and
(2) The time of investment; and
(3)  
(a) In the case of a
				small business enterprise that wishes to apply, the investOhio user ID of the
				eligible investor that will make a qualifying investment in the small business
				enterprise; or
(b) In the case of an
				eligible investor that wishes to apply, the investOhio user ID for the small
				business enterprise in which the eligible investor will make a qualifying
				investment.
(C) This application is complete and considered submitted
		  when the qualifying investment transaction is issued an investOhio transaction
		  ID. The director will use the investOhio transaction ID to order the priority
		  qualifying investments as required by division (B) of section 122.86 of the
		  Revised Code. Once an application is complete and submitted, no amendments of
		  that application will be permitted.
(D) For purposes of clarification and/or completion, the
		  director may, from time to time and as necessary, request in writing additional
		  information from eligible investors and small business enterprises. The
		  director will not consider any materials unless they are requested by the
		  director.
(E) All qualifying investments and its corresponding
		  investment application to the investOhio program must occur within the same
		  state of Ohio fiscal biennium. Failure to comply with this division shall
		  render a small business investment certification all, or partially, void. At
		  the beginning of each fiscal biennium the application process starts over,
		  except that registrants from a previous biennium do not have to complete the
		  registration process again. Previous registrants however, are required to
		  update their registration information to the extent that any of the information
		  provided has changed.