ENGROSSED SENATE BILL NO. 1415 - Summary

• Appropriates funds to the Commissioners of the Land Office from the General Revenue Fund for the fiscal year ending June 30, 2011, with the specific dollar amount left blank in the legislation.

• Requires the Commissioners to budget all appropriated funds across four categories: Financial, Minerals, Real Estate, and Administration, with performance measures to be developed for each category.

• Authorizes the Secretary of the Department to set employee duties and compensation as needed, with budgetary limitations on full-time-equivalent positions and lease-purchase agreements specified in the bill.

• Establishes the effective date as September 1, 2010.