This bill appropriates funds for personal services and operating expenses for the Department of Commerce - Arkansas Development Finance Authority for the fiscal year ending June 30, 2025. It establishes a maximum number of regular employees, totaling 56, with specific positions and salary grades outlined. The bill also authorizes five temporary or part-time employees as "Extra Help." The total amount appropriated for various operational expenses, including regular salaries, grants, and data processing services, amounts to $32,003,826. Additionally, it includes separate appropriations for the Student Loan Authority Division, computer equipment, and the Arkansas Housing Trust Fund, with specific amounts designated for each.
Key insertions in the bill include the establishment of new appropriations for the fiscal year 2024-2025, such as $6,000,000 for computer equipment and $5,000,000 for the Arkansas Housing Trust Fund. The bill also includes an emergency clause, stating that the act will take effect on July 1, 2024, to ensure the timely operation of the agency and prevent any disruption in essential governmental programs. The bill emphasizes compliance with existing laws and regulations regarding the disbursement of funds.