SB 123 Summary

• Establishes a maximum of 2,244 regular employees for Arkansas State University for fiscal year 2019-2020, with specific salary ranges by position from $348,979 for the President to $37,522 for Graduate Assistants.

• Authorizes 2,064 part-time or temporary "Extra Help" employees at rates not exceeding those provided in the Uniform Classification and Compensation Act.

• Appropriates $69,065,733 from the Arkansas State University Fund for state operations, consisting of $51,816,000 for regular salaries, $8,342,376 for personal services matching, and $7,507,357 for operating expenses.

• Appropriates $213,825,000 from cash funds, including $35,000,000 for regular salaries, $48,500,000 for operating expenses, $41,450,000 for capital improvements, and $18,000,000 for debt service.

• Authorizes ASU to offer one-time lump-sum incentive bonuses or educational differentials up to 6% of an employee's salary for degree attainment, effective July 1, 2019 through June 30, 2020.