AR SB63

Appropriates $2,723,663 for the Auditor of State Operations program, including $1,519,665 for regular salaries of 20 maximum employees and funding for extra help, personal services, operating expenses, conferences, travel, and professional fees for fiscal year 2019-2020.

Appropriates $1,853,789 for the Auditor of State Unclaimed Property Program, including $731,633 for regular salaries of 11 maximum employees and funding for personal services matching and maintenance and general operations for fiscal year 2019-2020.

Appropriates $25,055,250 from cash funds for the Unclaimed Property Program to cover $25,052,750 in unclaimed property claims payments and $2,500 in operating expenses for fiscal year 2019-2020.

Appropriates $2,500,500 from cash funds for payment of abandoned mineral proceeds claims ($2,500,000) and operating expenses ($500) for fiscal year 2019-2020.

Authorizes the Auditor of State to transfer appropriations between line items within Operations and within the Unclaimed Property Program with approval from the Chief Fiscal Officer and prior review by the Arkansas Legislative Council or Joint Budget Committee, effective July 1, 2019 through June 30, 2020.