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HB 1028 Arkansas House · 2026 Fiscal Session

AN ACT FOR THE DEPARTMENT OF COMMERCE - STATE BANK DEPARTMENT AND STATE SECURITIES DEPARTMENT APPROPRIATION FOR THE 2026-2027 FISCAL YEAR.

HB 1028 provides funding for the Arkansas Department of Commerce's State Bank and Securities Departments for the 2026-2027 fiscal year. The bill establishes specific employee positions and authorizes a total of $14,768,700 for the Bank Department and $4,486,527 for the Securities Department to cover salaries, operating expenses, and other costs. These funds will support the agencies' regulatory functions, including oversight of banks and securities, as well as administrative and technical operations.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill explicitly allocates funding to state departments for regulatory functions and operational expenses, directly advancing the budget topic.95% confidence
Bill status signed all 5 stages cleared
Introduction
Apr 2026
Committee Review
Apr 2026
House Passage
Apr 2026
Senate Passage
Apr 2026
Signed into Law
Apr 2026
Introduced Apr 1, 2026 Signed Apr 22, 2026
Maddy AI version diff · 1 comparison

What changed between versions

Act 35 → HB 1028 · 4 edits
MODERATE
The bill was renumbered from Act 35 to HB 1028 and updated for the 2026-2027 fiscal session. It establishes a total appropriation of $14,768,700 for the Department of Commerce - State Securities Department, including specific line items for operations, travel, and professional fees. The legislation also sets maximum staffing levels for 41 regular employees and authorizes up to three temporary or part-time positions.
Scope change
The bill's scope remains focused on the Department of Commerce - State Securities Department, but the specific fiscal year covered has been updated from the previous session to 2026-2027.
FISCAL

The total appropriation amount is set at $14,768,700, broken down into categories such as operations ($2,000,000), conference and travel ($375,000), professional fees ($100,000), and capital outlay ($350,000).

REQUIREMENT

The bill defines the maximum number of regular employees allowed, totaling 41 positions across various roles like Securities Commissioner, Deputy Commissioner, and Securities Examiners.

Authorization is granted for up to three temporary or part-time employees, known as 'Extra Help', to be paid at rates consistent with the Uniform Classification and Compensation Act.

TECHNICAL

The bill identifier was changed from 'Act 35' to 'HB 1028', and the fiscal session was updated to 2026.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
16
Key actions
9
Committee
2
Apr 22, 2026
Signed into law
Notification that HB1028 is now Act 35
lower
Apr 16, 2026
Lower · Passed
Returned from the Senate as passed.
lower
Apr 16, 2026
Upper · Passed
Returned to the House as Passed.
upper
Apr 16, 2026
Upper · Passed
EMERGENCY CLAUSE ADOPTED
upper
Apr 16, 2026
Upper · Passed
Read the third time and passed.
upper
Apr 15, 2026
Lower · Passed
EMERGENCY CLAUSE ADOPTED
lower
Apr 15, 2026
Lower · Passed
Read the third time and passed and ordered transmitted to the Senate.
lower
Apr 15, 2026
Lower · Passed
Considered in the Committee of the Whole, and recommended do pass.
lower
Apr 14, 2026
Lower · Passed
Returned by the Committee Do Pass
lower
Apr 1, 2026
Introduced
Filed
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.