HB1152 Summary

• Appropriates $0.00 to the Oklahoma Center for the Advancement of Science and Technology from the General Revenue Fund for fiscal year ending June 30, 2010.

• Allocates appropriated funds across three categories: Research and Development, Technology Transfer, and Administration, with all amounts at $0.00.

• Deposits $0.00 into the Research Support Revolving Fund pursuant to Section 5060.11 of Title 74 of the Oklahoma Statutes.

• Sets budgetary limitations for FY 2010 including full-time-equivalent employees at 0.0 and lease-purchase agreements capped at $0.00.

• Establishes fund encumbrance and expiration procedures: FY-10 funds must be encumbered by June 30, 2010 and expended by November 15, 2010; FY-11 funds must be encumbered by June 30, 2011 and expended by November 15, 2011.