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SB 7

AN ACT FOR THE DEPARTMENT OF COMMERCE - STATE INSURANCE DEPARTMENT APPROPRIATION FOR THE 2026-2027 FISCAL YEAR.

2026 Fiscal Session

SB 7 provides funding for Arkansas’s State Insurance Department for 2026-2027, with Amendment No. 1 reconfiguring two line items (−$23,000 and +$23,000) but keeping total appropria

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Bill Summary · SB 7

Summary of SB 7 (2026F) – Arkansas

Overview

  • Jurisdiction: Arkansas
  • Session: 95th General Assembly, Fiscal Session 2026
  • Bill: Senate Bill 7 (SB 7)
  • Official Title: AN ACT FOR THE DEPARTMENT OF COMMERCE - STATE INSURANCE DEPARTMENT APPROPRIATION FOR THE 2026-2027 FISCAL YEAR

SB 7 concerns appropriations for the Department of Commerce, specifically the State Insurance Department, for the 2026-2027 fiscal year. An amendment to the bill modifies certain financial figures.

Key Provisions and Changes

  • Purpose of the Bill: Provide appropriation authority for the Department of Commerce’s State Insurance Department for the 2026-2027 fiscal year. This is a budget/appropriations measure rather than a substantive policy change.

  • Amendment Details (Amendment No. 1):
    The amendment alters two line-item figures on page 7 of the bill:

    • Replace the amount $28,005 with $5,005.
    • Replace the amount 0 with 23,000 on the following line.
    • In effect, the amendment reduces one line-item allocation by $23,000 (from $28,005 to $5,005) and increases another line-item by $23,000 (from 0 to $23,000). The net fiscal impact of the amendment on those two lines is $0, but it reconfigures funding distribution.

  • Net Result: The amendment changes the distribution of specific appropriations within the State Insurance Department’s budget for 2026-2027, while maintaining overall appropriations consistent with the bill’s intent. The exact categories corresponding to these line items are not provided in the excerpt, but the adjustment suggests reallocating funds between two line items.

Who/What Is Affected

  • Primary Entity: State Insurance Department within the Arkansas Department of Commerce.
  • Impacted Audiences: State government budgeting offices, the Department of Commerce/State Insurance Department administration, and external stakeholders relying on the department’s funding (e.g., insurers, consumers) who are affected indirectly through the department’s operations and regulatory activities.

Procedural and Timeline Aspects

  • Legislative Status:
    • The bill was filed and processed through committees in early April 2026.
    • Amendment No. 1 was introduced, read, and adopted on April 15, 2026.
    • The bill, with amendment, was reported as correctly engrossed and re-referred to the Joint Budget Committee.
  • Fiscal Considerations: The amendment was proposed by the Joint Budget Committee, indicating alignment with budgetary planning and the overall state budget framework for the 2026-2027 fiscal year.

Notes for Further Review

  • The provided text does not specify the broader context of the State Insurance Department’s total appropriation or the exact functional categories of the two line items affected by the amendment.
  • For a complete understanding, reviewers should consult:
    • The full SB 7 text as introduced (to see total appropriation and programmatic allocations).
    • The accompanying fiscal notes or agency budget justifications.
    • The final adjusted version after passage, to confirm the enacted appropriation levels for the 2026-2027 fiscal year.

Bottom Line

SB 7 seeks to fund the State Insurance Department under the Department of Commerce for the 2026-2027 fiscal year. Amendment No. 1 reconfigures two specific line-item amounts within the department’s budget (reducing one by $23,000 and increasing another by $23,000) without altering the overall appropriation total. The bill progresses through the standard Arkansas budget process with committee and joint budget committee involvement.

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

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