OK SB1498

Establishes budgetary limitations for the Oklahoma Department of Commerce for the fiscal year ending June 30, 2011 across four categories: Community Development, Global Business Services, Operational Support, and Contracts for Community and Economic Development, all budgeted at $0.00.

Authorizes the Executive Director of the Oklahoma Department of Commerce to set employee duties and compensation not otherwise prescribed by law, with the Executive Director's salary capped at $0.00 per annum, payable monthly.

Imposes budgetary limitations on full-time-equivalent employees at 0.0 and lease-purchase agreements at $0.00 for the fiscal year, excluding capital and special projects unless authorized under Section 3603 of Title 74 of the Oklahoma Statutes.

Requires the agency to develop outcome-based performance measures for each budget category.

Effective date: September 1, 2010.