HB 1158 Summary

• Appropriates funds to the State Bond Advisor from the General Revenue Fund for fiscal year ending June 30, 2010, with the specific dollar amount left blank ($0.00 as placeholder).

• Requires the State Bond Advisor to budget all funds in specified categories, with "General Operations" listed at $0.00 as a placeholder amount.

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

• Governs appropriation spending with provisions allowing funds to be budgeted for either FY-10 or FY-11, with encumbrance deadlines of June 30 and expenditure deadlines of November 15 for each respective year.

• Declares an emergency clause for immediate effectiveness upon passage and approval, with an effective date of July 1, 2009.