OK HB2513

Appropriates funds to the Oklahoma Horse Racing Commission from the General Revenue Fund for fiscal year ending June 30, 2011 to perform duties imposed by law

Requires the Commission to budget funds across four categories: General Operations, Race Day Expenses, Law Enforcement, and Oklahoma Bred Program (specific dollar amounts left blank in template)

Sets budgetary limitations including full-time-equivalent employee caps and lease-purchase agreement limits (amounts blank in template), with director salary authority granted to set employee compensation

Provides flexibility for FY-11 appropriations to be budgeted for FY-12 if not needed in FY-11, with funds encumbered by June 30 of their fiscal year and expended by November 15, or lapsing to the proper fund

Declares an emergency effective July 1, 2010 to ensure immediate implementation of the appropriations and budgetary framework for the Horse Racing Commission