HB 1202 Summary

• Appropriates funds from the General Revenue Fund to the Oklahoma State University Medical Center for fiscal year ending June 30, 2016, with the specific dollar amount left blank in the as-introduced version.

• Authorizes the Executive Director of the Oklahoma State University Medical Center to set employee duties and compensation not otherwise prescribed by law, with a budgetary limitation of 0.0 full-time-equivalent employees for FY-16.

• Permits appropriations to be budgeted for either FY-16 (ending June 30, 2016) or FY-17 (ending June 30, 2017), but not both simultaneously, with funds lapsingto the proper fund after November 15 of each year if not expended.

• Allows FY-16 funds not required for that fiscal year to be rebudgeted for FY-17 after agency submission and Office of Management and Enterprise Services approval of a budget work program revision.

• Becomes effective July 1, 2015.