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AR HB1072
Bill
Status
4/10/2023
Primary Sponsor
Joint Budget Committee
Click for details
AI Summary
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Appropriates $12,498,341 to the Department of Commerce - State Bank Department for fiscal year 2023-2024, payable from the Bank Department Fund.
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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.
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Authorizes up to 2 temporary or part-time employees ("Extra Help") at rates not to exceed those in the Uniform Classification and Compensation Act.
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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.
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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