HB 2397 Summary

• Appropriates funds to the State Bond Advisor from the General Revenue Fund for fiscal year ending June 30, 2011 (the appropriation amount shown is $0.00)

• Requires the State Bond Advisor to budget all funds in specified categories and amounts, with full-time-equivalent employees limited to 0.0 and lease-purchase agreements limited to $0.00

• Establishes fund encumbrance and expenditure deadlines: FY-11 funds must be encumbered by June 30, 2011 and expended by November 15, 2011; FY-12 funds must be encumbered by June 30, 2012 and expended by November 15, 2012

• Permits unspent FY-11 funds to be rebudgeted for FY-12 only after agency submits an approved budget work program revision to the Office of State Finance

• Prohibits appropriations from being budgeted simultaneously in both fiscal years