HB1034
An Act For The Office Of The Treasurer Of State Appropriation For The 2026-2027 Fiscal Year.
Last Action (April 1, 2026): Read the first time, rules suspended, read the second time and referred to the Committee on JOINT BUDGET COMMITTEE
Sponsors
AI-Generated Summary
House Bill 1034 acts as an appropriations bill for the Arkansas Office of the Treasurer of State for the 2026-2027 fiscal year. The bill establishes the maximum number of regular and extra-help employees allowed for the agency and sets their salary classifications. It allocates $7,974,734 in total funding for operating expenses, personal services, data processing, and financial/educational programs such as the 529 College Savings and ABLE programs. The bill grants the Treasurer authority to transfer appropriation between line items, subject to legislative oversight. It also outlines policies regarding employee cost-of-living increases, merit pay, and recruitment flexibility. Finally, the act includes an emergency clause to ensure it takes effect on July 1, 2026, to prevent disruption in agency operations.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries are the employees and administrative staff of the Office of the Treasurer of State, who receive funding for their salaries, benefits, and operational support. Additionally, participants in state financial programs like the Arkansas 529 College Savings Program and the Arkansas ABLE Program benefit from the continued funding and management of these resources. The state government as an entity also benefits from the administrative capacity and fiscal oversight provided by the Treasurer's office.
Who Might Suffer?
There is no identifiable group directly or negatively impacted by this bill. As a routine appropriations measure, it provides the necessary funding for the legal operation of a government agency. Any potential 'negative' impact is limited to the constraints of the state budget, as the funds allocated here are unavailable for other competing state priorities.
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