Loading chat...

AR HB1072

Bill

Status

Passed

4/10/2023

Primary Sponsor

Joint Budget Committee

Click for details

Origin

House of Representatives

94th General Assembly (2023 Regular)

AI Summary

  • Appropriates $12,498,341 to the Department of Commerce - State Bank Department for fiscal year 2023-2024, payable from the Bank Department Fund.

  • Establishes maximum of 78 regular employees including 1 State Bank Commissioner, 2 Deputy Commissioners, 47 Certified Bank Senior Examiners, and supporting administrative and IT staff.

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

  • Breaks down appropriation as: $7,688,975 regular salaries, $50,000 extra help, $2,308,770 personal services matching, $1,668,371 operating expenses, $332,225 conferences and travel, $100,000 professional fees, and $350,000 capital outlay.

  • Takes effect July 1, 2023 as emergency legislation necessary for agency operations, with all disbursements subject to state procurement, accounting, budgetary, and fiscal control laws.

Legislative Description

An Act For The Department Of Commerce - State Bank Department Appropriation For The 2023-2024 Fiscal Year.

Last Action

Notification that HB1072 is now Act 488

4/10/2023

Committee Referrals

Budget1/9/2023

Full Bill Text

No bill text available