OK SB1565

Appropriates funds to the Oklahoma Department of Commerce for fiscal year ending June 30, 2011 to perform duties imposed by law (amount left blank at $0.00).

Requires the agency to budget appropriated funds across four categories: Community Development, Global Business Services, Operational Support, and Contracts for Community and Economic Development, with outcome-based performance measures developed for each.

Authorizes the Executive Director to set duties and compensation for employees not otherwise prescribed by law, with the Executive Director's salary capped at $0.00 per annum for fiscal year 2011.

Establishes budgetary limitations on full-time-equivalent employees (0.0 FTE) and lease-purchase agreements ($0.00) for fiscal year 2011, excluding capital and special project expenditures.

Becomes effective September 1, 2010.