HB 2380 Summary

• Appropriates funds from the General Revenue Fund to the Oklahoma State Regents for Higher Education for fiscal year ending June 30, 2011, for education and general operating budgets of institutions and construction or repair projects.

• Authorizes expenditures from the Higher Education Capital Revolving Fund and the Oklahoma Tuition Scholarship Revolving Fund for fiscal year 2011 for institutional budgets, programs, construction, and renovations.

• Appropriates additional funds from the Special Cash Fund of the State Treasury for education and general operating budgets and capital projects administered by the Oklahoma State Regents.

• Allows appropriated funds (except capital outlay) to be budgeted for either fiscal year 2011 or 2012, with specific encumbrance and expiration deadlines (November 15 of respective years).

• Declares an emergency effective July 1, 2010, allowing the act to take effect immediately upon passage and approval.