SB51
An Act For The Auditor Of State - Operations And Unclaimed Property Program Appropriation For The 2026-2027 Fiscal Year.
Last Action (April 1, 2026): Read first time, rules suspended, read second time, referred to JOINT BUDGET COMMITTEE
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AI-Generated Summary
Senate Bill 51 is an appropriations bill for the Arkansas Auditor of State for the 2026-2027 fiscal year. The bill authorizes funding for the Auditor's office operations and the administration of the Unclaimed Property Program. It establishes maximum salary levels for staff positions, including specific requirements for an Internal Auditor. The bill allocates funds from the State Central Services Fund for personal services, operating expenses, professional fees, and data matching services. Additionally, it provides authorization for the payment of unclaimed property claims and abandoned mineral proceeds from cash funds. The bill includes provisions for transferring appropriations within the agency and an emergency clause to ensure funding is available by the start of the fiscal year on July 1, 2026.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries are the employees of the Auditor of State, who receive authorized salaries and operating support, and the citizens of Arkansas who are entitled to receive unclaimed property and abandoned mineral proceeds, as the bill provides the necessary budget for processing and paying these claims.
Who Might Suffer?
There are no groups directly or negatively impacted in a punitive sense by this bill. As a standard appropriations measure, it serves to maintain existing government operations and fiscal responsibilities. Any potential negative impact is limited to the constraints of the budgetary process, where the allocation of public funds is capped at the amounts specified, potentially limiting the office's resources to those explicitly defined in the act.
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