AR HB1049

Establishes 37 regular employees for the Department of Commerce - State Securities Department for fiscal year 2022-2023, including positions such as Securities Commissioner, Deputy Commissioner, Chief Examiners, Attorneys, and various support staff at specified grade levels.

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 general operations, examination travel, conference and travel, and professional fees.

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 from cash funds for refunds and reimbursements, and $193,500 from the Investor Education Fund for operating expenses, grants and aid ($125,000), and promotional items ($7,500).

Requires the State Securities Department to provide quarterly reports to the Arkansas Legislative Council or Joint Budget Committee detailing all funds received through court orders or settlement agreements, including case names, fund amounts, disbursement plans, and current balances, with reports due by the 15th day following each quarter through June 30, 2023.