Arkansas2026Active
HB1022
Arkansas Development Finance Authority Funding for 2026-2027
Last scannedAug 22, 2026, 3:15 AM
In one sentence
This law provides federal funds to the Arkansas Development Finance Authority for housing programs and homeless services, while also setting rules for employee salaries and creating a pool of extra job slots.
What it does
- Sets aside $15 million in federal funds for operating expenses related to the Federal Housing Program.
- Provides about $2.3 million in grants to engage homeless individuals and families, improve emergency shelters, provide essential services, and help people find permanent homes quickly.
- Lists specific job titles and pay grades for employees at the Arkansas Development Finance Authority.
- Allows the agency director to give merit rewards or exceed maximum salaries by up to 20% for no more than one-third of authorized positions.
- Creates a pool of 20 extra job slots that can be used if the agency needs more staff due to growth.
Who it affects
- The Arkansas Development Finance Authority and its employees
- Homeless individuals and families in Arkansas who need shelter or housing services
- State officials including the Chief Fiscal Officer, the Board of Directors of the Authority, and the Department of Shared Administrative Services
Limits and unknowns
- The law does not list the exact dollar amounts for individual employee salaries, only their pay grades.
- It is unclear how many of the 20 extra job slots in the expansion pool will actually be used this year.
- Funds must follow other state laws and rules about spending money, which may limit how they are used.
Plain language
Terms to know
- Appropriation
- An official act by the government to set aside money for a specific purpose.
- Federal Housing Program
- A program funded by federal grants that helps with housing needs in Arkansas.
- Emergency Solutions Grant
- Funding used to provide emergency shelters and help homeless people find permanent homes quickly.
Official record
Sources
Official summary
AN ACT FOR THE ARKANSAS DEVELOPMENT FINANCE AUTHORITY APPROPRIATION FOR THE 2026-2027 FISCAL YEAR.