SB37 Summary

• Establishes 4 regular full-time employee positions for the State Board of Collection Agencies for fiscal year 2011-2012, including an Executive Director, Field Investigator, Business Operations Specialist, and Administrative Specialist III.

• Authorizes one temporary or part-time employee position ("Extra Help") to be hired as needed at rates not exceeding those in the Uniform Classification and Compensation Act.

• Appropriates $1,597,685 in total cash funds for the board's operations, including $192,694 for regular salaries, $63,149 for personal services matching, $111,700 for maintenance and general operations, $1,200,000 for DHS/UAMS/UCA/SAU system grants, and $24,642 for claims.

• Requires the board to remit up to $100,000 annually to Southern Arkansas University and deposit remaining funds into a board account after specified distributions are made.

• Sets effective date of July 1, 2011, and requires compliance with State Procurement Law, General Accounting and Budgetary Procedures Law, and other fiscal control laws.