The bill proposes an appropriation for personal services and operating expenses for the Department of Commerce - Arkansas Development Finance Authority for the fiscal year ending June 30, 2026. It establishes a maximum number of regular employees, totaling 55, with specified positions and salary grades, including roles such as the Executive Director and various finance and program officers. The total amount appropriated for the Department is $25,610,916, which includes allocations for regular salaries, extra help, personal services matching, and operational expenses.
Additionally, the bill includes appropriations for specific divisions within the Department, such as the Student Loan Authority Division and the National Housing Trust Fund Grant, with respective amounts of $2,313,521 and $15,000,000. It also allocates $2,296,487 for grants and aid to improve emergency shelters for homeless individuals and families. The bill emphasizes compliance with existing laws regarding fund disbursement and includes an emergency clause to ensure the act takes effect on July 1, 2025, to prevent disruption in agency operations.