AN ACT FOR THE ARKANSAS DEVELOPMENT FINANCE AUTHORITY APPROPRIATION FOR THE 2026-2027 FISCAL YEAR.

This bill provides funding for the Arkansas Development Finance Authority for the 2026-2027 fiscal year and adds new sections to state law regarding its staffing. It establishes specific job titles, salary grades, and employee counts for various roles within the authority, including the director, accountants, attorneys, and program specialists. Additionally, the legislation allows the authority's director to adjust salaries at their discretion, implement merit-based pay increases, and exceed standard salary limits by up to 20% for one-third of positions to attract qualified staff. The bill also creates a pool of twenty flexible positions that can be activated when the authority determines a need for growth, with annual reporting required to justify such expansions.