AR SB41

Establishes a maximum of 36 regular employees for the Assessment Coordination Department for fiscal year 2019-2020, including 1 director, 1 deputy director, 12 auditor supervisors, and other administrative and support staff.

Appropriates $3,525,042 from the Miscellaneous Agencies Fund for personal services ($1,774,582 in regular salaries), operating expenses ($622,240), assessor's school ($325,000), and assessment education incentive ($150,000).

Appropriates an additional $55,000 from cash funds and $60,000 from the County Assessors' Continuing Education Trust Fund for operating expenses and professional development programs.

Appropriates $15,750,000 from the Arkansas Real Property Reappraisal Fund to pay counties and professional companies for real property reappraisals, with a maximum cap of $14,250,000 in fund transfers per fiscal year.

Authorizes the department director to transfer up to $1,500,000 from the Miscellaneous Agencies Fund to the Real Property Reappraisal Fund and to reallocate operating expense funds to the Assessor's School program with Chief Fiscal Officer approval.