SB86 Summary

• Establishes 30 regular employees for the Arkansas Science and Technology Authority for fiscal year 2014-2015, with maximum annual salary for ASTA Director at $106,488 and other positions at specified grade levels.

• Appropriates $5,425,410 from the Miscellaneous Agencies Fund Account for state operations, including $689,794 for regular salaries, $218,032 for personal services matching, and $3,500,000 for Arkansas Acceleration Fund Programs.

• Appropriates $1,900,000 from a cash fund for seed capital investments in technology-based businesses.

• Appropriates funds for Arkansas Manufacturing Extension Network operations: $257,182 from state funds, $941,110 from federal funds, and $1,244,065 from cash funds.

• Appropriates $11,473,064 in federal funds for Arkansas EPSCOR operations, $150,000 for Energy Efficiency programs, $18,700,000 for Arkansas Acceleration Fund grants and incentives, and $65,430 for STEM Education, effective July 1, 2014.