HB1170 Summary

• Appropriates $32,497,968 for Arkansas Development Finance Authority operations including regular salaries ($3,788,788), grants for housing rental assistance ($6,600,000), HUD Home Program ($16,341,215), and federal housing programs ($3,400,000) for fiscal year 2019-2020.

• Authorizes maximum of 65 regular employees across various positions from Executive Director (Grade SE03) to Administrative Specialist III (Grade GS04), plus up to 5 temporary/part-time "Extra Help" employees.

• Appropriates $2,392,210 for Student Loan Authority Division including regular salaries ($348,521) and professional fees ($1,818,875).

• Appropriates $15,000,000 for computer equipment and related software purchases and $6,000,000 for federal housing program implementation.

• Appropriates $15,475 for Arkansas Housing Trust Fund Advisory Committee operations.