OK HB2516

Appropriates funds to the Insurance Department from the General Revenue Fund for fiscal year ending June 30, 2011, amount to be determined by the Legislature.

Establishes budget categories and amounts for the Insurance Department across Administration, Regulatory/Enforcement, and Federal Programs (all set at $0.00 in this template).

Sets budgetary limitations on full-time-equivalent employees and lease-purchase agreements for the Insurance Department during the specified fiscal year.

Allows appropriated funds to be budgeted for either FY-11 or FY-12, with expenditure deadlines of November 15 of each fiscal year; unspent funds must lapse or be rebudgeted through formal revision process.

Declares an emergency effective date of July 1, 2010, to take effect immediately upon passage and approval.