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Act 56 of the Fiscal Session
1 State of Arkansas
2 94th General Assembly A Bill
3 Fiscal Session, 2024 HOUSE BILL 1026
4
5 By: Joint Budget Committee
6
7 For An Act To Be Entitled
8 AN ACT TO MAKE AN APPROPRIATION FOR PERSONAL SERVICES
9 AND OPERATING EXPENSES FOR THE DEPARTMENT OF COMMERCE
10 - STATE BANK DEPARTMENT AND STATE SECURITIES
11 DEPARTMENT FOR THE FISCAL YEAR ENDING JUNE 30, 2025;
12 AND FOR OTHER PURPOSES.
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14
15 Subtitle
16 AN ACT FOR THE DEPARTMENT OF COMMERCE -
17 STATE BANK DEPARTMENT AND STATE
18 SECURITIES DEPARTMENT APPROPRIATION FOR
19 THE 2024-2025 FISCAL YEAR.
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22 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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24 SECTION 1. REGULAR SALARIES - OPERATIONS. There is hereby established
25 for the Department of Commerce - State Bank Department for the 2024-2025
26 fiscal year, the following maximum number of regular employees.
27
28 Maximum Annual
29 Maximum Salary Rate
30 Item Class No. of Fiscal Year
31 No. Code Title Employees 2024-2025
32 (1) U049U ACOM STATE BANK COMMISSIONER 1 GRADE SE04
33 (2) U086U ACOM BANK DEPUTY COMMISSIONER 2 GRADE SE02
34 (3) D013C ACOM BANK IT ADMINISTRATOR 1 GRADE IT08
35 (4) D012C DATABASE SPECIALIST 2 GRADE IT08
36 (5) D022C SYSTEMS SPECIALIST 1 GRADE IT06
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1 (6) A005N ACOM ASST DEPUTY BANK COMMISSIONER 4 GRADE GS15
2 (7) A030C ACOM BANK CERTIFIED EXAM MANAGER 9 GRADE GS14
3 (8) G257C ACOM BANK CHIEF COUNSEL 1 GRADE GS14
4 (9) A018C ACOM BANK CHIEF EXAMINER 1 GRADE GS14
5 (10) A039C CERTIFIED BANK SENIOR EXAMINER 47 GRADE GS13
6 (11) R019C BUDGET MANAGER 1 GRADE GS09
7 (12) A038C FISCAL SUPPORT MANAGER 1 GRADE GS09
8 (13) C010C EXECUTIVE ASSISTANT TO THE DIRECTOR 1 GRADE GS07
9 (14) C037C ADMINISTRATIVE ANALYST 3 GRADE GS06
10 (15) B076C RESEARCH PROJECT ANALYST 2 GRADE GS06
11 (16) C056C ADMINISTRATIVE SPECIALIST III 1 GRADE GS04
12 MAX. NO. OF EMPLOYEES 78
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14 SECTION 2. EXTRA HELP. There is hereby authorized, for the Department
15 of Commerce - State Bank Department for the 2024-2025 fiscal year, the
16 following maximum number of part-time or temporary employees, to be known as
17 "Extra Help", payable from funds appropriated herein for such purposes: two
18 (2) temporary or part-time employees, when needed, at rates of pay not to
19 exceed those provided in the Uniform Classification and Compensation Act, or
20 its successor, or this act for the appropriate classification.
21
22 SECTION 3. APPROPRIATION - OPERATIONS. There is hereby appropriated,
23 to the Department of Commerce, to be payable from the Bank Department Fund,
24 for personal services and operating expenses of the Department of Commerce -
25 State Bank Department for the fiscal year ending June 30, 2025, the
26 following:
27
28 ITEM FISCAL YEAR
29 NO. 2024-2025
30 (01) REGULAR SALARIES $7,689,975
31 (02) EXTRA HELP 50,000
32 (03) PERSONAL SERVICES MATCHING 2,360,480
33 (04) MAINT. & GEN. OPERATION
34 (A) OPER. EXPENSE 1,668,371
35 (B) CONF. & TRAVEL 332,225
36 (C) PROF. FEES 100,000
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1 (D) CAP. OUTLAY 350,000
2 (E) DATA PROC. 0
3 TOTAL AMOUNT APPROPRIATED $12,551,051
4
5 SECTION 4. REGULAR SALARIES. There is hereby established for the
6 Department of Commerce - State Securities Department for the 2024-2025 fiscal
7 year, the following maximum number of regular employees.
8
9 Maximum Annual
10 Maximum Salary Rate
11 Item Class No. of Fiscal Year
12 No. Code Title Employees 2024-2025
13 (1) U040U ACOM SECURITIES COMMISSIONER 1 GRADE SE02
14 (2) D007C INFORMATION SYSTEMS MANAGER 1 GRADE IT08
15 (3) N137N ACOM SECURITIES DEPUTY COMMISSIONER 1 GRADE GS14
16 (4) X008C ACOM SECURITIES CHIEF EXAMINER 2 GRADE GS13
17 (5) G004C MANAGING ATTORNEY 1 GRADE GS13
18 (6) G025C ATTORNEY SUPERVISOR 1 GRADE GS12
19 (7) A014C FISCAL DIVISION MANAGER 1 GRADE GS12
20 (8) X015C ACOM SECURITIES EXAMINER SUPERVISOR 3 GRADE GS11
21 (9) G047C ATTORNEY SPECIALIST 6 GRADE GS11
22 (10) A052C ACCOUNTING COORDINATOR 1 GRADE GS09
23 (11) X032C ACOM SENIOR SECURITIES EXAMINER 9 GRADE GS09
24 (12) X061C ACOM SECURITIES EXAMINER 5 GRADE GS07
25 (13) P013C PUBLIC INFORMATION COORDINATOR 1 GRADE GS07
26 (14) C037C ADMINISTRATIVE ANALYST 1 GRADE GS06
27 (15) A098C FISCAL SUPPORT SPECIALIST 1 GRADE GS04
28 (16) C046C LEGAL SUPPORT SPECIALIST 1 GRADE GS04
29 MAX. NO. OF EMPLOYEES 36
30
31 SECTION 5. EXTRA HELP. There is hereby authorized, for the Department
32 of Commerce - State Securities Department for the 2024-2025 fiscal year, the
33 following maximum number of part-time or temporary employees, to be known as
34 "Extra Help", payable from funds appropriated herein for such purposes: two
35 (2) temporary or part-time employees, when needed, at rates of pay not to
36 exceed those provided in the Uniform Classification and Compensation Act, or
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1 its successor, or this act for the appropriate classification.
2
3 SECTION 6. APPROPRIATION - OPERATIONS. There is hereby appropriated,
4 to the Department of Commerce, to be payable from the Securities Department
5 Fund, for personal services and operating expenses of the Department of
6 Commerce - State Securities Department for the fiscal year ending June 30,
7 2025, the following:
8
9 ITEM FISCAL YEAR
10 NO. 2024-2025
11 (01) REGULAR SALARIES $2,380,760
12 (02) EXTRA HELP 28,000
13 (03) PERSONAL SERVICES MATCHING 822,243
14 (04) MAINT. & GEN. OPERATION
15 (A) OPER. EXPENSE 555,660
16 (B) CONF. & TRAVEL 35,000
17 (C) PROF. FEES 20,984
18 (D) CAP. OUTLAY 20,000
19 (E) DATA PROC. 0
20 (05) EXAMINATION TRAVEL 20,000
21 TOTAL AMOUNT APPROPRIATED $3,882,647
22
23 SECTION 7. APPROPRIATION - REFUNDS AND REIMBURSEMENTS. There is hereby
24 appropriated, to the Department of Commerce, to be payable from cash funds as
25 defined by Arkansas Code 19-4-801, for refunds and reimbursements of the
26 Department of Commerce - State Securities Department for the fiscal year
27 ending June 30, 2025, the following:
28
29 ITEM FISCAL YEAR
30 NO. 2024-2025
31 (01) REFUNDS/REIMBURSEMENTS $50,000
32
33 SECTION 8. APPROPRIATION - INVESTOR EDUCATION FUND. There is hereby
34 appropriated, to the Department of Commerce, to be payable from the Investor
35 Education Fund, for operating expenses, promotional items, and grants of the
36 Department of Commerce - State Securities Department for the fiscal year
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1 ending June 30, 2025, the following:
2
3 ITEM FISCAL YEAR
4 NO. 2024-2025
5 (01) MAINT. & GEN. OPERATION
6 (A) OPER. EXPENSE $36,000
7 (B) CONF. & TRAVEL 0
8 (C) PROF. FEES 0
9 (D) CAP. OUTLAY 0
10 (E) DATA PROC. 0
11 (02) GRANTS AND AID 150,000
12 (03) PROMOTIONAL ITEMS 7,500
13 TOTAL AMOUNT APPROPRIATED $193,500
14
15 SECTION 9. COMPLIANCE WITH OTHER LAWS. Disbursement of funds
16 authorized by this act shall be limited to the appropriation for such agency
17 and funds made available by law for the support of such appropriations; and
18 the restrictions of the State Procurement Law, the General Accounting and
19 Budgetary Procedures Law, the Revenue Stabilization Law, the Regular Salary
20 Procedures and Restrictions Act, or their successors, and other fiscal
21 control laws of this State, where applicable, and regulations promulgated by
22 the Department of Finance and Administration, as authorized by law, shall be
23 strictly complied with in disbursement of said funds.
24
25 SECTION 10. LEGISLATIVE INTENT. It is the intent of the General
26 Assembly that any funds disbursed under the authority of the appropriations
27 contained in this act shall be in compliance with the stated reasons for
28 which this act was adopted, as evidenced by the Agency Requests, Executive
29 Recommendations and Legislative Recommendations contained in the budget
30 manuals prepared by the Department of Finance and Administration, letters, or
31 summarized oral testimony in the official minutes of the Arkansas Legislative
32 Council or Joint Budget Committee which relate to its passage and adoption.
33
34 SECTION 11. EMERGENCY CLAUSE. It is found and determined by the
35 General Assembly, that the Constitution of the State of Arkansas prohibits
36 the appropriation of funds for more than a one (1) year period; that the
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1 effectiveness of this Act on July 1, 2024 is essential to the operation of
2 the agency for which the appropriations in this Act are provided, and that in
3 the event of an extension of the legislative session, the delay in the
4 effective date of this Act beyond July 1, 2024 could work irreparable harm
5 upon the proper administration and provision of essential governmental
6 programs. Therefore, an emergency is hereby declared to exist and this Act
7 being necessary for the immediate preservation of the public peace, health
8 and safety shall be in full force and effect from and after July 1, 2024.
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11 APPROVED: 4/25/24
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