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ArkansasHB10342026 Fiscal SessionHouseWALLET

AN ACT FOR THE OFFICE OF THE TREASURER OF STATE APPROPRIATION FOR THE 2026-2027 FISCAL YEAR.

Sponsored By: Joint Budget Committee

Enacted

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Arkansas Treasurer’s Staff Qualify for Pay Raises

For July 1, 2026, through June 30, 2027, Treasurer’s office employees qualify for July 1 cost-of-living raises. These raises match those granted to other state agency and higher-education employees. The Treasurer may also approve other pay adjustments or a merit-pay program. With prior Legislative Council or Joint Budget Committee approval, pay may exceed legal maximums by up to 20%. That authority covers no more than one-fourth of authorized positions; the law does not set any individual employee’s raise.

Arkansas Treasurer’s Office Gets Operating Funds

For July 1, 2026, through June 30, 2027, the law provides about $7.97 million from the State Central Services Fund. The Treasurer’s office may employ up to 33 regular workers and five temporary or part-time workers. Temporary workers’ pay must follow state job-classification limits. Funding includes about $3.22 million for regular salaries, $40,000 for temporary help, and $1.07 million for related employer costs. Office expenses receive about $1.40 million; travel and professional fees each receive $35,000, and equipment receives $25,000. Data processing receives $1.8 million, and preparedness, security, and safety receive $275,000. Another $75,000 supports financial education and the Arkansas 529 College Savings and ABLE programs, not direct household payments. The Treasurer may move money between operating budget lines with Chief Fiscal Officer approval and prior Legislative Council or Joint Budget Committee review. Spending remains limited to available funds and must follow state spending and purchasing laws.

Sponsors & Cosponsors

Sponsor

  • Joint Budget Committee

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 132 • No: 0

Senate vote • 4/29/2026

Senate Vote - Wednesday, April 29, 2026 11:26:46 AM

Yes: 34 • No: 0

House vote • 4/28/2026

House Vote - Tuesday, April 28, 2026 2:04:41 PM

Yes: 98 • No: 0

Actions Timeline

  1. Notification that HB1034 is now Act 161

    5/1/2026House

  2. Correctly enrolled and ordered transmitted to the Governor's Office.

    4/29/2026House

  3. TO BE ENROLLED

    4/29/2026House

  4. Returned from the Senate as passed.

    4/29/2026House

  5. Returned to the House as Passed.

    4/29/2026House

  6. EMERGENCY CLAUSE ADOPTED

    4/29/2026House

  7. Read the third time and passed.

    4/29/2026House

  8. Read the first time, rules suspended, read the second time and placed on the calendar.

    4/28/2026House

  9. Received from the House.

    4/28/2026House

  10. EMERGENCY CLAUSE ADOPTED

    4/28/2026House

  11. Read the third time and passed and ordered transmitted to the Senate.

    4/28/2026House

  12. Returned by the Committee Do Pass

    4/27/2026House

  13. Re-referred to the Committee on JOINT BUDGET COMMITTEE

    4/27/2026House

  14. Amendment No. 1 failed of adoption.

    4/23/2026House

  15. Placed on second reading for the purpose of amendment.

    4/23/2026House

  16. Returned by the Committee with the recommendation that it do pass as amended 1

    4/22/2026House

  17. Read the first time, rules suspended, read the second time and referred to the Committee on JOINT BUDGET COMMITTEE

    4/8/2026House

  18. Filed

    4/1/2026House

Bill Text

  • HB1034 - Introduced

    4/1/2026

    PDF

  • Act Version

    PDF

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