AR HB1096

Establishes maximum of 38 regular employees for the State Securities Department in fiscal year 2017-2018, including positions such as Securities Commissioner ($107,045), Deputy Commissioner, Managing Attorney, and various examiners and support staff.

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

Appropriates $3,210,642 from the Securities Department Fund for personal services and operating expenses, including $1,976,402 for regular salaries, $641,596 for personal services matching, and $556,644 for maintenance, general operations, conference travel, professional fees, capital outlay, and examination travel.

Appropriates $500,000 from cash funds for refunds and reimbursements and $168,500 from the Investor Education Fund for operating expenses, grants, and promotional items.

Requires the State Securities Department to submit quarterly reports to the Arkansas Legislative Council or Joint Budget Committee detailing all funds received through court orders or settlement agreements, including disbursement plans and current balances, due no later than the 15th day following each quarter.