-Allows the Director of the Budget to continue to allocate funds to state departments, institutions, and agencies at a level not to exceed eighty-five percent of the level authorized in the 2008-2009 fiscal budget, S.L. 2008-107 (Sec. 1).
-Mandates that salary schedules and specific salaries for state employees established for the 2008-2009 fiscal year remain in effect until the effective date of the Current Operations and Capital Improvements Appropriations Act of 2009 (Sec. 2).
-Appropriates all funds received under the American Recovery and Reinvestment Act of 2009 in the amounts provided by the federal government (Sec. 6).
-Authorizes the Director of the Budget to use funds in the Savings Reserve Account that were appropriated on or before June 30, 2009, to balance the State budget for the 2008-2009 fiscal year (Sec. 7).
-Requires the Department of Health and Human Services to submit a plan for Medicare and Medicaid reductions (Sec. 8).
-Increases the community college in-state tuition rate to $50.00 per credit hour (Sec. 9).
-Increases the community college out-of-state tuition rate to $241.30 per credit hour (Sec. 9).
-Takes effect July 1, 2009 and expires July 15, 2009 (Sec. 10).