SB29 Summary

• Establishes maximum of 189 regular employees and authorizes up to 19 temporary/part-time employees for the Department of Commerce - State Insurance Department for fiscal year 2023-2024

• Appropriates $15,207,333 for Operations from the State Insurance Department Trust Fund, including $8,029,718 for regular salaries, $2,803,841 for personal services matching, and operating expenses

• Appropriates funds for multiple specialized divisions and programs including Funeral Services ($598,610), Fraud Investigation Unit ($934,534), Public Employee Claims ($2,122,933), and Criminal Background Checks ($125,000)

• Appropriates $40,000,000 for Arkansas Multi-Agency Insurance Trust Fund claims and $20,000,000 for Public School Insurance Program claims, plus $16,500,000 for state employee workers' compensation claims

• Authorizes transfer of unused appropriations from Regular Salaries and Personal Services Matching to Professional Services for examination assistance upon Chief Fiscal Officer approval; effective July 1, 2023 through June 30, 2024