reglab/housing_qa huggingface dataset:
AR Code § 15-4-1604 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 16 - Arkansas Economic Development Incentive Act of 1993|§ 15-4-1604. Powers and duties of the Arkansas Economic Development Commission

 The Arkansas Economic Development Commission shall administer the provisions of this subchapter and shall have the following powers and duties in addition to those mentioned in this subchapter and in other laws of this state:   (1) To promulgate rules in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq., necessary to carry out the provisions of this subchapter;  (2)  (A) In highly competitive situations, the Director of the Arkansas Economic Development Commission is authorized to negotiate proposals on behalf of the state with prospective businesses which are considering locating a new facility or expanding an existing facility that would employ the requisite number of net new full-time permanent employees provided by § 15-4-1605.  (B) The commission is authorized to negotiate with the business a financial incentive plan up to an amount equal to three and nine-tenths percent (3.9%) of the business's annual payroll for the net new full-time permanent employees, and may negotiate with the business a financial incentive plan up to an amount equal to five percent (5%) of the annual payroll for the net new full-time permanent employees if the business locates in an area of high unemployment as defined by § 15-4-1602;    (3) To provide the Department of Finance and Administration with a copy of each formal agreement entered into by the commission with each of the qualifying businesses so that the department will know how much money is to be designated for the Economic Development Incentive Fund each quarter; and  (4) To make disbursement from the fund to qualified businesses which have entered into financial incentive plans.
AR Code § 15-4-1607 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 16 - Arkansas Economic Development Incentive Act of 1993|§ 15-4-1607. Transfer of funds

 After the Department of Finance and Administration has received the certification of the number of employees and their payroll from a business that has entered into a financial incentive plan with the Arkansas Economic Development Commission, the department shall transfer the appropriate amount of money designated by the financial incentive plan out of general revenues into a special account designated as special revenue for the Economic Development Incentive Fund.
AR Code § 15-4-1608 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 16 - Arkansas Economic Development Incentive Act of 1993|§ 15-4-1608. Verification

 (a) The Department of Finance and Administration shall have the authority to obtain whatever information necessary from participating businesses and from the Division of Workforce Services to verify that businesses which have entered into financial incentive plans with the Arkansas Economic Development Commission are complying with the terms of the financial incentive plans and reporting accurate information concerning the number of employees and their payrolls to the department.  (b) The department may promulgate rules necessary for the proper administration of the provisions of this subchapter.
AR Code § 15-4-1609 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 16 - Arkansas Economic Development Incentive Act of 1993|§ 15-4-1609. Effect of participation

 Receiving benefits pursuant to this subchapter will preclude a business from participating in the incentive program of the Arkansas Economic Development Act of 1995, § 15-4-1901 et seq.
AR Code § 15-4-1701 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 17 - Arkansas Enterprise Zone Act of 1993|§ 15-4-1701. Title

 This subchapter may be referred to and cited as the “Arkansas Enterprise Zone Act of 1993”.
AR Code § 15-4-1703 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 17 - Arkansas Enterprise Zone Act of 1993|§ 15-4-1703. Powers and duties of the Arkansas Economic Development Commission

 The Arkansas Economic Development Commission shall administer the provisions of this subchapter and shall have the following powers and duties, in addition to those mentioned in this subchapter and in other laws of this state:   (1) To monitor the implementation and operation of this subchapter and to conduct a continuing evaluation of the progress made;  (2) To assist the governing authority in obtaining assistance from any other department of state government, including assistance in providing training and technical assistance to new businesses and industries;  (3) To assist any employer or prospective employer with a qualifying project in obtaining the benefits of any incentive or inducement program authorized by state law;  (4) To act as a liaison between other state agencies and businesses and industries to assure that both the spirit and the intent of this subchapter are met;  (5) To submit an annual written report evaluating the effectiveness of the program and presenting any suggestions for improving the program, to be submitted to the Governor no later than March 1 of each year; and  (6) To promulgate rules, in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq., necessary to carry out the provisions of this subchapter.
AR Code § 15-4-1705 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 17 - Arkansas Enterprise Zone Act of 1993|§ 15-4-1705. Projects under Manufacturer's Investment Sales and Use Tax Credit Act of 1985

 (a)  (1) No person or entity may file for benefits under this subchapter if an application for benefits has been filed and approved under the Economic Investment Tax Credit Act, § 26-52-701 et seq., for the same project.  (2) However, an application for benefits under the Economic Investment Tax Credit Act, § 26-52-701 et seq., may be withdrawn if no tax credits have been taken under that subchapter.    (b)  (1) When a project has been approved under the Economic Investment Tax Credit Act, § 26-52-701 et seq., no application for a project under this subchapter will be accepted until the expiration of one (1) year after the date of the approval of the application under the Economic Investment Tax Credit Act, § 26-52-701 et seq.  (2) When a project has been approved under this subchapter, no application for projects under the Economic Investment Tax Credit Act, § 26-52-701 et seq., shall be accepted until the expiration of one (1) year after the date of approval of the application under this subchapter.
AR Code § 15-4-1709 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 17 - Arkansas Enterprise Zone Act of 1993|§ 15-4-1709. Exceptions

 (a) A county that does not qualify as a high-unemployment county, as defined in § 15-4-1702, but has experienced a sudden and severe period of economic distress caused by the closing of a business entity that results in the loss of a minimum of five hundred (500) full-time permanent jobs or a minimum of five percent (5%) of the employed labor force, as determined by the most recent “Labor Market Information” publication published by the Division of Workforce Services, may be designated as a high-unemployment county by the Arkansas Economic Development Council.  (b) The designation as a “high-unemployment county” shall be in effect for one (1) year after the closing of the business.
AR Code § 15-4-1801 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 18 - Major Industry Facilities Incentive Act|§ 15-4-1801. Title

 This subchapter shall be known as the “Major Industry Facilities Incentive Act”.
AR Code § 15-4-1802 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 18 - Major Industry Facilities Incentive Act|§ 15-4-1802. Definitions

 As used in this subchapter:   (1) “Bonds” means revenue bonds or general obligation bonds;  (2) “Eligible facility” means any facility owned by any state agency or political subdivision and any facility financed through the issuance of bonds by any state agency or political subdivision at which at least one hundred (100) people are employed and which is acquired or completed or substantially reconstructed or expanded after December 31, 1992;  (3) “Political subdivision” means cities of the first class or cities of the second class and counties and any governmental entity created by them; and  (4) “State income tax” means the Arkansas state income tax.
AR Code § 15-4-1803 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 18 - Major Industry Facilities Incentive Act|§ 15-4-1803. Application for assistance generally

 Any state agency or political subdivision that has acquired or constructed or which desires to acquire or construct or which has financed or which desires to finance through the issuance of its bonds an eligible facility may apply to the State Board of Finance for state assistance in paying the debt service requirements, including principal, interest, and trustee's and paying agent's fees and charges, on bonds issued or to be issued by the state agency or political subdivision to finance all or a portion of the eligible facility and capital improvements related thereto and any amounts theretofore expended by the state agency or political subdivision from its revenues to acquire or construct the eligible facility and capital improvements related thereto, increased by an annual rate of interest equal to the average rate of interest to be paid on the bonds issued to finance the eligible facility.
AR Code § 15-4-1804 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 18 - Major Industry Facilities Incentive Act|§ 15-4-1804. Application — Contents

 (a) All applications for state assistance under this subchapter shall be in writing and shall describe:  (1) The eligible facility;  (2) The financing thereof;  (3) The estimated number of people to be employed at the eligible facility;  (4) The estimated additional state income tax revenues to be derived as a result of the expenditures;  (5) The expected expense, if any, to the state; and  (6) Any other matters prescribed by the State Board of Finance.    (b) Upon receipt of an application for state assistance, the board shall proceed promptly to review it and shall notify the applicant of any additional information needed for a proper evaluation of the application.
AR Code § 15-4-1805 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 18 - Major Industry Facilities Incentive Act|§ 15-4-1805. Application — Hearings

 (a) After reviewing the application and upon reasonable notice to the applicant, the State Board of Finance shall hold a public hearing on the application.  (b)  (1) The board shall give notice of the time, place, and purpose of the public hearing by publication one (1) time in a newspaper of general circulation within the boundaries of the applicant, the publication to be not less than ten (10) calendar days prior to the hearing.  (2) The notice shall describe generally the eligible facility for which state assistance has been requested and shall contain a brief description of the procedural steps to be taken in connection with the application and the financing of the eligible facility.    (c) At the public hearing, representatives of the applicant and any other interested persons may appear and present evidence and argument in support of or in opposition to the application, and the board may present additional evidence.
AR Code § 15-4-1806 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 18 - Major Industry Facilities Incentive Act|§ 15-4-1806. Application — Determination of eligibility

 (a) After consideration of the application and conclusion of the hearing, the State Board of Finance shall determine whether the facility described in the application is an eligible facility.  (b) If the board determines that the facility described in the application is an eligible facility and that the financing of or repayment for such eligible facility through a combination of bonds of the applicant and state assistance under this subchapter is in the best interest of the applicant and the state, the application shall be approved.  (c) In determining whether state assistance is in the best interest of the applicant and the state, the board shall consider:  (1) The capacity of the applicant to issue bonds to finance the eligible facility;  (2) The amount of additional state income tax revenues estimated to be derived from the eligible facility; and  (3) The estimated principal and interest requirements for the bonds issued in connection with the eligible facility or amounts necessary to repay the investment by a state agency or political subdivision in the eligible facility.
AR Code § 15-4-1807 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 18 - Major Industry Facilities Incentive Act|§ 15-4-1807. State assistance

 (a) If the application is approved, the State Board of Finance shall fix the amount of state assistance to the state agency or political subdivision to repay its investment or for paying debt service on the bonds issued to finance, in whole or in part, the eligible facility, if requested by the state agency or political subdivision and, on behalf of the state, shall enter into an agreement providing for the payment of the amount so fixed in quarterly payments and shall certify the amount to the Treasurer of State.  (b) If the state agency or political subdivision issues two (2) or more issues of bonds to finance an eligible facility, the amount of state assistance shall be fixed separately for each issue.  (c) The total amount of state assistance shall be fixed at no more than the additional state income tax revenues directly generated by the eligible facility.  (d) It shall be a condition to any payments under this subchapter that the state agency or political subdivision has issued and has outstanding its bonds for the purpose of financing, in whole or in part, the eligible facility, but this shall not limit the provisions in this subchapter for repayment of a state agency's or political subdivision's investment heretofore made in an eligible facility.  (e) The payments provided for in this subchapter shall be subject to the specific appropriation by the General Assembly and shall be for a term of not longer than two (2) years, but, subject to the appropriation by the General Assembly, shall be extended from time to time for additional terms of not to exceed two (2) years each.
AR Code § 15-4-1808 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 18 - Major Industry Facilities Incentive Act|§ 15-4-1808. Major Industry Facilities Incentive Fund — Creation

 (a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “Major Industry Facilities Incentive Fund”.  (b) The Treasurer of State shall monthly, before making the percentage distributions of general revenues as provided by law, deduct from the General Revenue Fund Account of the State Apportionment Fund an amount of money necessary to meet the quarterly payments to state agencies and political subdivisions provided for in this subchapter and shall credit them to the Major Industry Facilities Incentive Fund, and shall quarterly pay over the amounts to each state agency or political subdivision, provided that the General Assembly shall have appropriated funds for them.  (c)  (1) The State Board of Finance shall certify to the Treasurer of State the amount of assistance to each state agency or political subdivision for paying debt service on the bonds issued to finance the eligible facility.  (2) If it should be determined that overpayments were made to the entity, then the overpayments shall be recovered by reducing the succeeding fiscal year's entitlement by the overpayment.
AR Code § 15-4-1809 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 18 - Major Industry Facilities Incentive Act|§ 15-4-1809. Payments

 (a) Payments of state assistance to state agencies and political subdivisions under this subchapter shall be made by remitting them directly to the trustee for the holders of the bonds issued to finance the eligible facility.  (b) The trustee shall apply the state assistance money to the payment or redemption of the bonds and to the payment of interest thereon.  (c) When the bonds issued to finance the eligible facility are fully retired or the investment of the state agency or political subdivision of its revenues in the eligible facility has been repaid with accrued and accruing interest, any money then held by the trustee derived from the state assistance shall be returned to the Treasurer of State and deposited into the State Treasury as general revenues to the credit of the General Revenue Fund Account of the State Apportionment Fund, and future eligibility for that project shall be terminated.
AR Code § 15-4-1810 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 18 - Major Industry Facilities Incentive Act|§ 15-4-1810. Suspension of local tax

 Any state agency or political subdivision entering into an agreement pursuant to this subchapter may provide for suspension, in whole or in part, of the collection of any tax voted for payment of its general obligation bonds issued in accordance with an agreement under this subchapter in any year when money derived from state assistance under this subchapter or from other sources is available for payment of all or a portion of the debt service on the bonds.
AR Code § 15-4-1811 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 18 - Major Industry Facilities Incentive Act|§ 15-4-1811. Pledge of state revenues prohibited

 (a) Nothing in this subchapter shall be construed as authorizing the pledging of the faith and credit of the state or any of its revenues, either for the performance of the obligations of the state under the agreements authorized by this subchapter or for the payment of bonds issued pursuant to such agreements.  (b) All payments to state agencies and political subdivisions under this subchapter are made subject to specific appropriations for such purpose and nothing in this subchapter or in any agreement entered into pursuant to this subchapter shall be construed to require the General Assembly to make any appropriation pursuant to this subchapter or such agreement or to prohibit the General Assembly from amending or repealing this subchapter at any time.
AR Code § 15-4-1901 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 19 - Arkansas Economic Development Act of 1995|§ 15-4-1901. Title

 This subchapter may be referred to and cited as the “Arkansas Economic Development Act of 1995”.
AR Code § 15-4-1904 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 1 - Development Of Economic And Natural Resources Generally|Chapter 4 - Development Of Business And Industry Generally|Subchapter 19 - Arkansas Economic Development Act of 1995|§ 15-4-1904. Qualifications

 To qualify for the benefits of this subchapter, the business must:   (1) Be an eligible business as defined in § 15-4-1902;  (2) Hire at least one hundred (100) net new full-time permanent employees within twenty-four (24) months of the date the financial incentive plan was signed by the Arkansas Economic Development Commission and the business;  (3) Expend at least five million dollars ($5,000,000) on the project covered by the financial incentive plan;  (4) Agree to certify to the Department of Finance and Administration the number of net new full-time permanent employees and the average hourly wage of the net new full-time permanent employees once the number of net new full-time permanent employees reaches one hundred (100); and  (5) Agree to certify to the department within thirty (30) days after the number of net new full-time permanent employees falls below one hundred (100) or the average hourly wage falls below the amount specified in the financial incentive plan.