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AR HB1106
Bill
Status
4/17/2025
Primary Sponsor
Joint Budget Committee
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AI Summary
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Appropriates $7,974,348 from the State Central Services Fund to the Office of the Treasurer of State for fiscal year 2025-2026, covering personal services, operating expenses, and data processing systems
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Authorizes a maximum of 33 regular employees across 23 position classifications, including senior investment managers, chief deputy treasurer, chief compliance officer, and various administrative roles
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Permits up to 5 temporary or part-time "Extra Help" employees at pay rates consistent with the Uniform Classification and Compensation Act
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Allows the Treasurer to exceed maximum salary levels by up to 20% for up to one-fourth of authorized positions to recruit and retain exceptionally qualified personnel, subject to Legislative Council or Joint Budget Committee approval
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Grants the Treasurer authority to transfer appropriations between line items within the Operations Appropriation after approval from the Chief Fiscal Officer and review by the Arkansas Legislative Council or Joint Budget Committee
Legislative Description
An Act For The Office Of The Treasurer Of State Appropriation For The 2025-2026 Fiscal Year.
Last Action
Notification that HB1106 is now Act 872
4/17/2025