SB 1468 Summary

• Establishes budgetary allocations for the Office of the State Treasurer for fiscal year ending June 30, 2011, with all major categories (Administration, Data Processing, Banking Services, Comptroller/Investment Services, and State Land Reimbursements) budgeted at $0.00.

• Authorizes the State Treasurer to set duties and compensation for employees not otherwise prescribed by law, subject to budgetary limitations of 0.0 full-time-equivalent employees and $0.00 for lease-purchase agreements.

• Requires the Office of the State Treasurer to develop outcome-based performance measures for each budget category.

• Becomes effective September 1, 2010.