HB 1267 Summary

• Appropriates funds to the Oklahoma Corporation Commission from the General Revenue Fund for fiscal year ending June 30, 2010, with specific dollar amounts to be filled in for various divisions (Administration, Consumer Services, Petroleum Storage Tank Division, Oil and Gas Conservation, etc.)

• Establishes budgetary limitations on the Corporation Commission including full-time-equivalent employees (0.0 FTE) and lease-purchase agreements ($0.00), excluding direct expenditures for well plugging, pit closure, and remediation of sites.

• Allows appropriations to be budgeted for either fiscal year 2010 or 2011, with funds from FY-10 required to be expended by November 15, 2010, and funds from FY-11 required to be expended by November 15, 2011, after which they lapse.

• Designates the General Administrator as responsible for setting employee compensation and duties not otherwise prescribed by law.

• Contains an emergency clause making the act effective immediately upon passage and approval for preservation of public peace, health, and safety.