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AR SB66

Bill

Status

Passed

2/25/2014

Primary Sponsor

Joint Budget Committee

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Origin

Senate

89th General Assembly (2014 Fiscal)

AI Summary

  • Establishes maximum of 15 regular employees for the Arkansas Real Estate Commission for fiscal year 2014-2015, with the Executive Director position set at $96,142 annual salary and other positions assigned to various grade levels (C109-C126).

  • Authorizes up to 4 part-time or temporary "Extra Help" employees to be hired as needed at rates not exceeding those provided in the Uniform Classification and Compensation Act.

  • Appropriates $1,312,803 for operations including $627,878 for regular salaries, $211,590 for personal services matching, $397,744 for operating expenses, $16,662 for conferences and travel, and $32,929 for professional fees.

  • Appropriates $352,500 for the Real Estate Recovery Cash Fund consisting of $250,000 for damage payments and $102,500 for education.

  • Requires Attorney General approval before the Commission employs legal counsel and mandates compliance with state procurement, accounting, budgetary, and fiscal control laws in disbursement of funds; effective July 1, 2014.

Legislative Description

An Act For The Arkansas Real Estate Commission Appropriation For The 2014-2015 Fiscal Year.

Last Action

Notification that SB66 is now Act 84

2/25/2014

Committee Referrals

Budget2/10/2014

Full Bill Text

No bill text available