Engrossed Senate Bill 122 Summary

• Appropriates funds to the Office of the State Treasurer for fiscal year ending June 30, 2010 to perform duties imposed by law.

• Requires the Office of the State Treasurer to budget all funds across five specified categories: Administration, Data Processing, Banking Services, Comptroller/Investment Services, and State Land Reimbursements (all amounts listed as $0.00).

• Authorizes the Office of the State Treasurer to set duties and compensation of employees as necessary, subject to budgetary limitations on full-time-equivalent employees and lease-purchase agreements.

• Effective date is September 1, 2009.