Bill > HB1106

This bill provides a comprehensive appropriation and operational framework for the Office of the Treasurer of State for the 2025-2026 fiscal year. It establishes a detailed staffing structure with specific positions ranging from senior investment managers to executive assistants, setting maximum employee numbers and salary rates for each role. The bill appropriates a total of $7,974,348 from the State Central Services Fund, which covers various expenditure categories including regular salaries ($3,219,376), extra help ($40,000), personal services matching ($1,065,517), operational expenses ($1,404,455), data processing systems ($1,800,000), and financial/educational programs ($75,000). The legislation allows the Treasurer flexibility in transferring funds between line items with approval from the Chief Fiscal Officer and legislative oversight, and permits cost-of-living increases and potential salary adjustments for employees. Additionally, the bill includes provisions for compliance with state fiscal control laws, emphasizes legislative intent in fund disbursement, and contains an emergency clause to ensure the appropriation's immediate effectiveness from July 1, 2025, recognizing the critical nature of maintaining governmental operations without interruption.

Budget and Finance

Joint Budget Committee (J)

https://arkleg.state.ar.us/Bills/Detail?id=hb1106&ddBienniumSession=2025%2F2025R