SB 1462 Summary

• Sets budget allocations for the Oklahoma Space Industry Development Authority at $0.00 for fiscal year ending June 30, 2011 across Administration, Operations, and Federal Funds categories.

• Authorizes the Chief Executive Officer to determine employee duties and compensation, with CEO salary capped at $0.00 per annum, payable monthly.

• Limits full-time-equivalent employees to 0.0 and lease-purchase agreements to $0.00 for the fiscal year.

• Effective date is September 1, 2010.