Claim: In 1984  Arthur Farstad began a new translation project, which marked the beginning of the HCSB, then in 1998, an agreement between  LifeWay Christian Resources and Farstad happened to allow LifeWay to fund and publish the completed work of Farstad.
Evidence: The roots of the HCSB can be traced to 1984, when Arthur Farstad, general editor of the New King James Version of the Bible, began a new translation project. In 1998, Farstad and LifeWay Christian Resources (the publishing arm of the Southern Baptist Convention) came to an agreement that would allow LifeWay to fund and publish the completed work. The Holman Christian Standard Bible (HCSB) is a modern English Bible translation from Holman Bible Publishers.