Arkansas2026Active
HB1028
Arkansas Budget for State Bank and Securities Departments (2026-2027)
Last scannedAug 22, 2026, 3:15 AM
In one sentence
This law provides money to the Arkansas Department of Commerce's State Bank Department and State Securities Department to pay staff and run operations during the fiscal year ending June 30, 2027.
What it does
- Sets a maximum number of regular employees for both departments with specific job titles and salary grades.
- Allows each department to hire up to four or three temporary workers when needed.
- Provides $14.8 million from the Bank Department Fund for salaries, travel, equipment, and other costs.
- Provides about $4.5 million from the Securities Department Fund for similar operating expenses.
- Sets aside money specifically for investor education grants and promotional items.
Who it affects
- The Arkansas Department of Commerce - State Bank Department
- The Arkansas Department of Commerce - State Securities Department
Limits and unknowns
- The law does not list the exact dollar amounts for every individual salary, only maximum rates by job grade.
- Funds can only be spent if they follow other state laws regarding purchasing and accounting rules.
- The total amount of money available depends on funds already collected in specific departmental accounts.
Plain language
Terms to know
- Appropriation
- An official act by the government to set aside money for a specific purpose.
- Fiscal Year
- A one-year period used for budgeting that runs from July 1, 2026, through June 30, 2027.
- Extra Help
- Temporary or part-time workers hired to assist with work when regular staff are not enough.
Official record
Sources
Official summary
AN ACT FOR THE DEPARTMENT OF COMMERCE - STATE BANK DEPARTMENT AND STATE SECURITIES DEPARTMENT APPROPRIATION FOR THE 2026-2027 FISCAL YEAR.