All Roll Calls
Yes: 131 • No: 0
ArkansasSB522025 Regular SessionSenateWALLET
AN ACT FOR THE AUDITOR OF STATE - OPERATIONS AND UNCLAIMED PROPERTY PROGRAM APPROPRIATION FOR THE 2025-2026 FISCAL YEAR.
Sponsored By: Joint Budget Committee
Enacted
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Bill Overview
Analyzed Economic Effects
6 provisions identified: 5 benefits, 1 costs, 0 mixed.
Funding to pay unclaimed property claims
For July 1, 2025, through June 30, 2026, Arkansas provides $35 million to pay eligible unclaimed property claims. The money comes from cash funds handled by the Auditor of State. Another $2,500 covers operating costs, bringing the total to $35.0025 million. This law does not set each person's payment amount or a new eligibility formula.
Funding to pay abandoned mineral claims
For July 1, 2025, through June 30, 2026, Arkansas provides $2.5 million to pay eligible abandoned mineral proceeds claims. The money comes from cash funds. Another $500 covers operating costs, bringing the total to $2.5005 million. This law does not set each person's payment amount or a new eligibility formula.
Arkansas auditor can shift program budgets
From July 1, 2025, through June 30, 2026, the Auditor of State can shift budget authority within each program. Transfers can occur within Operations or within the Unclaimed Property Program, but not between the two. The state's Chief Fiscal Officer must approve each transfer. The Arkansas Legislative Council or Joint Budget Committee must review it beforehand. Spending remains subject to state purchasing, budget, and financial controls and the purposes stated in budget materials.
Funding and staffing for Arkansas auditors
The law takes effect July 1, 2025, and funds Auditor of State operations through June 30, 2026. It provides about $3.19 million from the State Central Services Fund for staff, benefits, operating costs, travel, and equipment. The office can have up to 20 regular employees, with yearly salary caps from $47,255 to $165,160. It also allows up to five temporary or part-time employees when needed, with $30,000 for their pay. Their pay cannot exceed the allowed rate for their job classification.
Staff and data matching for claims
For July 1, 2025, through June 30, 2026, the Unclaimed Property Program receives about $3.99 million for administration. The money comes from the State Central Services Fund and covers staff, benefits, operating costs, travel, and equipment. It includes $1 million for data matching and $1.12 million for professional fees. The program can have up to 10 regular employees, with position-specific salary caps reaching $126,675. This administrative funding is separate from money for claim payments.
Required credentials for Arkansas internal auditor
From July 1, 2025, through June 30, 2026, the Auditor of State's Internal Auditor must maintain an approved credential. The employee must hold an active Certified Internal Auditor certification from the Institute of Internal Auditors. An Arkansas Certified Public Accountant license in good standing also meets the requirement.
Sponsors & Cosponsors
Sponsor
Joint Budget Committee
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 4/10/2025
House Vote - Thursday, April 10, 2025 4:50:22 PM
Yes: 97 • No: 0
Senate vote • 4/9/2025
Senate Vote - Wednesday, April 9, 2025 2:15:35 PM
Yes: 34 • No: 0
Actions Timeline
Notification that SB52 is now Act 894
4/21/2025SenateDELIVERED TO GOVERNOR.
4/14/2025SenateReported correctly enrolled and ordered delivered to the Governor.
4/14/2025SenateORDERED ENROLLED
4/10/2025SenateReturned from the House as passed.
4/10/2025SenateReturned To Senate as Passed.
4/10/2025HouseEMERGENCY CLAUSE ADOPTED
4/10/2025HouseRead the third time and passed and ordered transmitted to the Senate.
4/10/2025HouseConsidered in the Committee of the Whole, and recommended do pass.
4/10/2025HouseRULES SUSPENDED
4/10/2025HouseRead the first time, rules suspended, read the second time and placed on the CALENDAR.
4/9/2025HouseRECEIVED FROM THE SENATE
4/9/2025HouseOrdered Immediately transmitted to the House.
4/9/2025SenateEMERGENCY CLAUSE ADOPTED
4/9/2025SenateRead the third time and passed.
4/9/2025SenateReturned by the Committee, with the recommendation that it Do Pass
4/8/2025SenateRe-referred to JOINT BUDGET COMMITTEE
4/7/2025SenateREPORTED CORRECTLY ENGROSSED
4/7/2025SenateAmendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed.
4/7/2025SenateWithdrawn from Committee and placed on 2nd reading for purpose of amendment # 1
4/7/2025SenateRead first time, rules suspended, read second time, referred to JOINT BUDGET COMMITTEE
1/14/2025SenateFiled
1/14/2025Senate
Bill Text
SB52 - Introduced
1/14/2025
Act Version
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