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AR HB1065

Bill

Status

Passed

2/23/2018

Primary Sponsor

Joint Budget Committee

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Origin

House of Representatives

91st General Assembly (2018 Fiscal)

AI Summary

  • Establishes maximum of 4 regular employees for the Professional Bail Bondsman Licensing Board for fiscal year 2018-2019, including one executive director (GS09) and three GS04-level specialists.

  • Appropriates $373,383 from the Bail Bondsman Board Fund for personal services and operating expenses, including $173,921 in regular salaries, $58,076 in personal services matching, and $141,386 in maintenance and general operations costs.

  • Appropriates $500,000 from State Treasury cash fund to process security deposits and pay outstanding judgments for 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 board to deposit sufficient fees and penalties into the Bail Bondsman Board Fund, retain a fund balance for operating expenses, and transfer 75% of excess funds to the General Revenue Fund at fiscal year end.

Legislative Description

An Act For The Professional Bail Bondsman Licensing Board Appropriation For The 2018-2019 Fiscal Year.

Last Action

Notification that HB1065 is now Act 165

2/23/2018

Committee Referrals

Budget2/12/2018

Full Bill Text

No bill text available