The bill proposes appropriations for the Arkansas Department of Commerce for the fiscal year ending June 30, 2024, detailing funding for personal services and operating expenses across various divisions. It establishes the maximum number of regular employees, including key positions such as the Secretary of Commerce and Chief of Staff. Significant funding allocations include $3,520,873 for the Shared Services division, $2,523,774 for the Office of Skills Development, and substantial amounts for initiatives like the Arkansas Acceleration Fund ($100 million), Super Projects ($200 million), and the Quick Action Closing Fund ($75 million). The bill emphasizes economic development and workforce training, with specific provisions for grants and incentives to support these goals.

Additionally, the bill amends Arkansas Code 6-50-102 to expand the Arkansas Industry Training Program's role to include training for both existing and new industries. It mandates that each agency submit a report to the Arkansas Legislative Council or Joint Budget Committee regarding the status of projects with carry forward funds, ensuring accountability. The bill includes an emergency clause for immediate effectiveness on July 1, 2023, to prevent disruption in essential governmental programs, and it ensures compliance with fiscal control laws during fund disbursement.

Statutes affected:
SB 32: 6-50-102, 15-4-210
Act 605: 6-50-102, 15-4-210