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AR HB1095

Bill

Status

Passed

3/13/2015

Primary Sponsor

Joint Budget Committee

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Origin

House of Representatives

90th General Assembly (2015 Regular)

AI Summary

  • Appropriates $395,414 from the Bail Bondsman Board Fund for the Professional Bail Bondsman Licensing Board operations for fiscal year 2015-2016, including $172,224 in regular salaries, $57,304 in personal services matching, and $165,886 in maintenance and general operation expenses.

  • Establishes a maximum of 4 employees for the board: an Executive Director (Grade C124), an Investigator (Grade C113), an Administrative Specialist III (Grade C112), and a Fiscal Support Specialist (Grade C112).

  • Appropriates $500,000 from the State Treasury cash fund to process security deposits and pay outstanding judgments of bail bonds companies that go out of business.

  • Appropriates $3,500,000 from the Bail Bond Recovery Fund for recovery of forfeited professional bail bonds.

  • Requires the Professional Bail Bondsman Licensing Board to retain sufficient fund balance to cover the following year's expenses and transfer 75% of excess funds to the General Revenue Fund Account at fiscal year end.

Legislative Description

An Act For The Professional Bail Bondsman Licensing Board Appropriation For The 2015-2016 Fiscal Year.

Last Action

Notification that HB1095 is now Act 404

3/13/2015

Committee Referrals

Budget1/20/2015

Full Bill Text

No bill text available