HB1028

House Bill 1028 is a fiscal appropriation bill for the Arkansas Department of Commerce's State Bank Department and State Securities Department for the 2026-2027 fiscal year. The bill establishes maximum personnel levels, setting a cap of 92 regular employees for the State Bank Department and 41 regular employees for the State Securities Department. It appropriates specific funding for personal services, operating expenses, and extra help for both departments. Additionally, it authorizes funding from the Investor Education Fund for operating expenses, promotional items, and grants related to the State Securities Department. The legislation mandates strict compliance with state fiscal control laws and procurement procedures. Finally, it includes an emergency clause to ensure the appropriations take effect by July 1, 2026, to prevent disruption in agency operations.