AR HB1123

Appropriates $3,514,117 to the State Securities Department for fiscal year 2016-2017, payable from the Securities Department Fund for personal services and operating expenses.

Establishes a maximum of 39 regular employees across various positions including 1 Securities Commissioner at $105,985, 2 Deputy Commissioners, 6 Attorney Specialists, 10 Senior Securities Examiners, and support staff.

Authorizes up to 2 temporary or part-time "Extra Help" employees at rates not to exceed those in the Uniform Classification and Compensation Act.

Appropriates $500,000 for refunds and reimbursements from cash funds and $113,500 from the Investor Education Fund for operating expenses, promotional items, and investor education grants.

Requires quarterly reports to the Arkansas Legislative Council or Joint Budget Committee detailing all funds received from court orders or settlement agreements, including case names, amounts, disbursement plans, and current fund balances.