AR HB1122

Appropriates $5,370,504 from the State Central Services Fund to the Office of the Treasurer of State for fiscal year 2018-2019, covering personal services, operating expenses, data processing, debt collection, and financial/educational programs including the Arkansas 529 College Savings Program and Arkansas ABLE Program.

Authorizes a maximum of 33 regular employees with specified salary rates, including positions such as Chief Investment Officer ($97,400), Senior Investment Manager I ($108,581), and Chief Deputy Treasurer (2 positions at $105,000 each).

Authorizes up to 5 temporary or part-time "Extra Help" employees at rates not to exceed those in the Uniform Classification and Compensation Act, with $35,000 appropriated for this category.

Appropriates an additional $275,000 from cash funds in the State Treasury for the Investments operations, including operating expenses, professional fees, capital outlay, and data processing.

Grants the Treasurer of State authority to transfer appropriations between line items within Operations Appropriation with approval from the Chief Fiscal Officer and prior review by the Arkansas Legislative Council or Joint Budget Committee; effective July 1, 2018 through June 30, 2019.