SB16

Senate Bill 16 is an appropriations bill that provides funding for the Arkansas Auditor of State's office and its Unclaimed Property Program for the fiscal year ending June 30, 2024. The bill outlines the maximum number of regular and extra-help employees allowed for the office and sets their maximum annual salary rates. It establishes specific appropriations from the State Central Services Fund for operations, personnel services, and general expenses. Additionally, the bill provides cash-fund appropriations specifically for the payment of unclaimed property claims and abandoned mineral proceeds. It includes authorization for the transfer of appropriations between line items within the agency's programs, subject to oversight. The bill also mandates specific professional qualifications for certain staff positions and includes an emergency clause to ensure the funding takes effect by July 1, 2023.