Summary of HB 1153

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

• Allocates appropriated funds across three categories: Research and Development, Technology Transfer, and Administration, with $0.00 deposited into the Research Support Revolving Fund.

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

• Allows appropriations to be budgeted for FY-10 or FY-11, with FY-10 funds requiring encumbrance by June 30, 2010 and expenditure by November 15, 2010, with remaining funds lapsing to the proper fund.

• Establishes July 1, 2009 as the effective date and declares an emergency clause to make the act effective immediately upon passage and approval.