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HB 1090

AN ACT FOR THE DEPARTMENT OF COMMERCE - ARKANSAS DEVELOPMENT FINANCE AUTHORITY APPROPRIATION FOR THE 2025-2026 FISCAL YEAR.

2025 Regular Session

House Bill 1090 allocates $25.6M for the Arkansas Development Finance Authority, enhancing housing support and economic development for residents through various programs.

Notification that HB1090 is now Act 537
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Bill Summary · HB 1090

Summary of House Bill 1090 (HB 1090)

Overview

House Bill 1090, now known as Act 537, was introduced to make appropriations for the Arkansas Development Finance Authority (ADFA) under the Department of Commerce for the fiscal year ending June 30, 2026. The bill outlines funding for personal services, operating expenses, and various programs aimed at supporting economic development and housing initiatives in Arkansas.

Main Purpose and Intent

The primary intent of HB 1090 is to allocate necessary funds to the ADFA to ensure the effective operation of its programs and services during the 2025-2026 fiscal year. This includes support for housing programs, student loans, and emergency solutions for homelessness.

Key Provisions

Appropriations

The bill specifies the following appropriations for the fiscal year 2025-2026:

  1. Regular Salaries and Operating Expenses:

    • Total Appropriation: $25,610,916
    • Breakdown:
      • Regular Salaries: $3,545,109
      • Extra Help: $40,000
      • Personal Services Matching: $1,195,812
      • Maintenance & General Operation: $611,458
      • Conference & Travel: $60,000
      • Professional Fees: $123,810
      • Capital Outlay: $29,000
      • HUD Home Program: $16,341,215
      • Federal Housing Programs: $3,400,000

  2. Student Loan Authority Division:

    • Total Appropriation: $2,313,521
    • Regular Salaries: $381,135
    • Personal Services Matching: $119,227
    • Operating Expenses: $125,312

  3. National Housing Trust Fund Grant:

    • Total Appropriation: $15,000,000 for the Federal Housing Program.

  4. Emergency Solutions Grant:

    • Total Appropriation: $2,296,487 to support homeless individuals and families.

Employee Provisions

  • The bill establishes a maximum number of regular employees for the ADFA, detailing various positions and their respective salary grades.
  • It allows for up to five temporary or part-time employees as needed.

Compliance and Legislative Intent

  • The bill mandates compliance with existing laws regarding the disbursement of funds and emphasizes that appropriated funds must align with the legislative intent as outlined in agency requests and recommendations.

Emergency Clause

  • An emergency clause is included, declaring that the act is necessary for the immediate preservation of public peace, health, and safety, making it effective from July 1, 2025.

Impact

The passage of HB 1090 will directly affect the operations of the Arkansas Development Finance Authority, enabling it to continue providing essential services related to housing, economic development, and financial assistance programs. It will also impact individuals and families in Arkansas who rely on these programs for housing support and financial aid.

Legislative Timeline

  • Introduced: January 13, 2025
  • Passed: April 7, 2025
  • Notification of Act: April 10, 2025

This summary provides a comprehensive overview of HB 1090, detailing its purpose, key provisions, and the anticipated impact on the state of Arkansas and its residents.

Compiled from official sources — confirm details with the bill’s official record.

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