AR HB1093

Establishes maximum of 37 regular employees for the Department of Commerce - State Securities Department for fiscal year 2021-2022, with positions ranging from Securities Commissioner (Grade SE02) to Administrative Specialist III (Grade GS04).

Appropriates $3,592,273 from the Securities Department Fund for personal services and operating expenses, including $2,229,477 for regular salaries, $715,152 for personal services matching, and $611,644 for maintenance and operations.

Authorizes up to 2 temporary or part-time employees ("Extra Help") at rates not to exceed those provided in the Uniform Classification and Compensation Act.

Appropriates $50,000 for refunds and reimbursements from cash funds and $193,500 from the Investor Education Fund for operating expenses, grants, and promotional items.

Requires the State Securities Department to provide quarterly reports to the Arkansas Legislative Council on all funds received through court orders or settlement agreements, detailing disbursement plans and current fund balances, effective through June 30, 2022.