This bill appropriates funds for the Office of the Treasurer of State for the fiscal year ending June 30, 2027. It establishes a maximum number of regular employees, totaling 33, with specific positions and salary grades outlined, including roles such as Chief Deputy Treasurer, Chief of Staff, and various investment managers. The bill also authorizes five part-time or temporary employees, known as "Extra Help," and allocates a total of $7,974,734 for various operational expenses, including personal services, data processing, and financial education programs.
Additionally, the bill includes provisions for salary adjustments, allowing employees to receive cost-of-living increases and enabling the Treasurer to exceed maximum salary levels for a limited number of positions with prior approval from the Arkansas Legislative Council or Joint Budget Committee. The bill emphasizes compliance with existing fiscal control laws and expresses the legislative intent for the appropriated funds to align with the agency's operational needs. An emergency clause is included, stating that the act must take effect on July 1, 2026, to ensure the agency's operations are not disrupted.