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AR HB1079

Bill

Official Source

Status

Passed

3/17/2023

Primary Sponsor

Joint Budget Committee

Click for details

Origin

House of Representatives

94th General Assembly (2023 Regular)

AI Summary

  • Appropriates $3,856,182 from the Securities Department Fund for the Department of Commerce - State Securities Department for fiscal year 2023-2024, covering personal services and operating expenses
  • Establishes a maximum of 36 regular employees across various positions, including Securities Commissioner, Deputy Commissioner, Chief Examiners, Attorneys, and support staff
  • Authorizes 2 part-time or temporary 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
  • Amends Arkansas Code Title 23, Chapter 42 to require quarterly reports to the Legislative Council or Joint Budget Committee detailing all funds received from court orders or settlement agreements, including disbursement plans and current balances
  • Effective July 1, 2023, with an emergency clause declaring the appropriation essential to agency operations

Legislative Description

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

Last Action

Notification that HB1079 is now Act 281

3/17/2023

Committee Referrals

Budget1/9/2023

Full Bill Text

No bill text available