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Act 11 of the Fiscal Session
1 State of Arkansas
2 94th General Assembly A Bill
3 Fiscal Session, 2024 HOUSE BILL 1076
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 - ARKANSAS DEVELOPMENT FINANCE AUTHORITY FOR THE
11 FISCAL YEAR ENDING JUNE 30, 2025; AND FOR OTHER
12 PURPOSES.
13
14
15 Subtitle
16 AN ACT FOR THE DEPARTMENT OF COMMERCE -
17 ARKANSAS DEVELOPMENT FINANCE AUTHORITY
18 APPROPRIATION FOR THE 2024-2025 FISCAL
19 YEAR.
20
21
22 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
23
24 SECTION 1. REGULAR SALARIES. There is hereby established for the
25 Department of Commerce - Arkansas Development Finance Authority for the 2024-
26 2025 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) U019U ACOM ADFA EXECUTIVE DIRECTOR 1 GRADE SE03
33 (2) N024N ACOM DIRECTOR STUDENT LOAN AUTHORITY 1 GRADE SE01
34 (3) N066N ACOM CHIEF COMM & LEGISLATIVE AFFAIRS 4 GRADE GS14
35 (4) A017N ACOM ADFA PUBLIC FINANCE OFFICER 1 GRADE GS13
36 (5) A007N ACOM ASLA FEDERAL PROGRAMS FINANCIAL 1 GRADE GS13
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1 (6) G027C ACOM ADFA PROGRAM OFFICER 9 GRADE GS12
2 (7) A031C ASSISTANT CONTROLLER 1 GRADE GS11
3 (8) A040C ACOM ADFA FISCAL PROGRAM MANAGER 4 GRADE GS10
4 (9) A051C ACOM ADFA FINANCE PROGRAM COORDINATOR 5 GRADE GS09
5 (10) A082C ACCOUNTANT II 2 GRADE GS08
6 (11) A071C ACOM ADFA FINANCE PROGRAM ANALYST 4 GRADE GS08
7 (12) A022C STUDENT LOAN FINANCE SPECIALIST 1 GRADE GS08
8 (13) G173C ACOM ADFA PROGRAM COORDINATOR 8 GRADE GS07
9 (14) C010C EXECUTIVE ASSISTANT TO THE DIRECTOR 2 GRADE GS07
10 (15) A076C FINANCE PROGRAM ANALYST 1 GRADE GS07
11 (16) A080C ACOM FINANCE AUTHORITY SPECIALIST 8 GRADE GS06
12 (17) C037C ADMINISTRATIVE ANALYST 2 GRADE GS06
13 (18) R025C HUMAN RESOURCES ANALYST 1 GRADE GS06
14 MAX. NO. OF EMPLOYEES 56
15
16 SECTION 2. EXTRA HELP. There is hereby authorized, for the Department
17 of Commerce - Arkansas Development Finance Authority for the 2024-2025 fiscal
18 year, the following maximum number of part-time or temporary employees, to be
19 known as "Extra Help", payable from funds appropriated herein for such
20 purposes: five (5) temporary or part-time employees, when needed, at rates
21 of pay not to exceed those provided in the Uniform Classification and
22 Compensation Act, or its successor, or this act for the appropriate
23 classification.
24
25 SECTION 3. APPROPRIATION - OPERATIONS. There is hereby appropriated,
26 to the Department of Commerce, to be payable from cash funds as defined by
27 Arkansas Code 19-4-801, for personal services, operating expenses, data
28 processing services and grants and aid by the Department of Commerce -
29 Arkansas Development Finance Authority for the fiscal year ending June 30,
30 2025, the following:
31
32 ITEM FISCAL YEAR
33 NO. 2024-2025
34 (01) REGULAR SALARIES $3,363,822
35 (02) EXTRA HELP 40,000
36 (03) PERSONAL SERVICES MATCHING 1,176,009
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1 (04) MAINT. & GEN. OPERATION
2 (A) OPER. EXPENSE 611,458
3 (B) CONF. & TRAVEL 60,000
4 (C) PROF. FEES 123,810
5 (D) CAP. OUTLAY 23,000
6 (E) DATA PROC. 0
7 (05) GRANTS / AID-HOUSING RENTAL ASSISTANCE 6,600,000
8 (06) DATA PROCESSING SERVICES 264,512
9 (07) HUD HOME PROGRAM 16,341,215
10 (08) FEDERAL HOUSING PROGRAMS 3,400,000
11 TOTAL AMOUNT APPROPRIATED $32,003,826
12
13 SECTION 4. APPROPRIATION - STUDENT LOAN AUTHORITY DIVISION. There is
14 hereby appropriated, to the Department of Commerce, to be payable from cash
15 funds as defined by Arkansas Code 19-4-801, for personal services and
16 operating expenses of the Department of Commerce - Arkansas Development
17 Finance Authority - Student Loan Authority Division for the fiscal year
18 ending June 30, 2025, the following:
19
20 ITEM FISCAL YEAR
21 NO. 2024-2025
22 (01) REGULAR SALARIES $381,135
23 (02) PERSONAL SERVICES MATCHING 118,784
24 (03) MAINT. & GEN. OPERATION
25 (A) OPER. EXPENSE 110,312
26 (B) CONF. & TRAVEL 13,972
27 (C) PROF. FEES 1,818,875
28 (D) CAP. OUTLAY 0
29 (E) DATA PROC. 0
30 TOTAL AMOUNT APPROPRIATED $2,443,078
31
32 SECTION 5. APPROPRIATION - DIS IT. There is hereby appropriated, to
33 the Department of Commerce, to be payable from cash funds as defined by
34 Arkansas Code 19-4-801, for purchase of computer equipment and related
35 software of the Department of Commerce - Arkansas Development Finance
36 Authority for the fiscal year ending June 30, 2025, the following:
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1
2 ITEM FISCAL YEAR
3 NO. 2024-2025
4 (01) COMPUTER EQUIPMENT & RELATED SOFTWARE $6,000,000
5
6 SECTION 6. APPROPRIATION - NATIONAL HOUSING TRUST FUND GRANT. There is
7 hereby appropriated, to the Department of Commerce - Arkansas Development
8 Finance Authority, to be payable from the federal funds as designated by the
9 Chief Fiscal Officer of the State, for personal services and operating
10 expenses for implementation of the Federal Housing Program for the fiscal
11 year ending June 30, 2025, the following:
12
13 ITEM FISCAL YEAR
14 NO. 2024-2025
15 (01) FEDERAL HOUSING PROGRAM $15,000,000
16
17 SECTION 7. APPROPRIATION - ARKANSAS HOUSING TRUST FUND. There is
18 hereby appropriated, to the Department of Commerce, to be payable from the
19 Miscellaneous Agencies Fund Account, for a grant or transfer to the Arkansas
20 Housing Trust Fund to provide assistance for eligible activities proposed by
21 eligible applicants, including without limitation grants, loans, loan
22 guarantees, and loan subsidies of the Department of Commerce - Arkansas
23 Development Finance Authority for the fiscal year ending June 30, 2025, the
24 following:
25
26 ITEM FISCAL YEAR
27 NO. 2024-2025
28 (01) ARKANSAS HOUSING TRUST FUND $5,000,000
29
30 SECTION 8. COMPLIANCE WITH OTHER LAWS. Disbursement of funds
31 authorized by this act shall be limited to the appropriation for such agency
32 and funds made available by law for the support of such appropriations; and
33 the restrictions of the State Procurement Law, the General Accounting and
34 Budgetary Procedures Law, the Revenue Stabilization Law, the Regular Salary
35 Procedures and Restrictions Act, or their successors, and other fiscal
36 control laws of this State, where applicable, and regulations promulgated by
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1 the Department of Finance and Administration, as authorized by law, shall be
2 strictly complied with in disbursement of said funds.
3
4 SECTION 9. LEGISLATIVE INTENT. It is the intent of the General
5 Assembly that any funds disbursed under the authority of the appropriations
6 contained in this act shall be in compliance with the stated reasons for
7 which this act was adopted, as evidenced by the Agency Requests, Executive
8 Recommendations and Legislative Recommendations contained in the budget
9 manuals prepared by the Department of Finance and Administration, letters, or
10 summarized oral testimony in the official minutes of the Arkansas Legislative
11 Council or Joint Budget Committee which relate to its passage and adoption.
12
13 SECTION 10. EMERGENCY CLAUSE. It is found and determined by the
14 General Assembly, that the Constitution of the State of Arkansas prohibits
15 the appropriation of funds for more than a one (1) year period; that the
16 effectiveness of this Act on July 1, 2024 is essential to the operation of
17 the agency for which the appropriations in this Act are provided, and that in
18 the event of an extension of the legislative session, the delay in the
19 effective date of this Act beyond July 1, 2024 could work irreparable harm
20 upon the proper administration and provision of essential governmental
21 programs. Therefore, an emergency is hereby declared to exist and this Act
22 being necessary for the immediate preservation of the public peace, health
23 and safety shall be in full force and effect from and after July 1, 2024.
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26 APPROVED: 4/19/24
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