reglab/statecodes huggingface dataset:
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-112 - Prohibition on personal interest in contracts

(a)
No director, officer, or employee of the Division of Science and Technology of the Arkansas Economic Development Commission or of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission, for purpose of personal gain, shall have or attempt to have, directly or indirectly, any interest in any contract or agreement of the division in connection with the qualified investments or other programs of the division.
(b)
The Director of the Arkansas Economic Development Commission shall not invest, pursuant to §
15-3-122
, in any qualified security of:
(1)
Any enterprise that is owned, wholly or partially, directly or indirectly, by any director or officer of the division; or
(2)
Any enterprise that employs a director of the division.
(c)
It shall not be a violation of this section for the Director of the Arkansas Economic Development Commission to permit any college, university, or other nonprofit institution with which a director is affiliated to participate in any program of the division, provided that the director shall promptly disclose the nature of the affiliation to the board.
(d)
(1)
It shall not be a violation of this section for the Director of the Arkansas Economic Development Commission to permit a manufacturer or other for-profit entity with which a director is affiliated to pay to the division fees for services and receive, in return for those fees, services:
(A)
That are generally available to all manufacturers or other for-profit entities; and
(B)
That are not available to the manufacturer or other for-profit entity solely due to its affiliation with a director.
(2)
(A)
A director affiliated with a manufacturer or other for-profit entity that enters into a contract or an agreement pursuant to subdivision (d)(1) of this section shall disclose the contract or agreement in writing to the Director of the Arkansas Economic Development Commission.
(B)
The Director of the Arkansas Economic Development Commission shall inform the board of the contract or agreement at its next regularly scheduled meeting and attach a copy of the written disclosure to the minutes of that meeting.
Amended by Act 2019, No. 910,§ 343, eff. 7/1/2019.
Amended by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1983, No. 859, § 17; 1985, No. 409, § 15; A.S.A. 1947, § 6-1617; Acts 2007, No. 988, § 2.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-113 - Studies, planning, and recommendations - Cooperation with other agencies

(a)
The Division of Science and Technology of the Arkansas Economic Development Commission shall, from time to time, make studies and develop plans and programs in the sciences and technologies to support industrial development in certain areas of research and development.
(b)
The Director of the Arkansas Economic Development Commission shall recommend to the General Assembly proposed laws and rules to support the growth and development of programs and research in the sciences and specialized areas of high technology.
(c)
The director may provide leadership and assistance in cooperation with the Arkansas Public Service Commission, or any other federal, state, county, or municipal authority and to private industries in this state, for the adoption and execution of any improvements, changes in methods of operation, rates of transportation, utilities, and zoning and building requirements and covenants which, in the opinion of the director, may be designed to improve or better operate the existing programs and research in the sciences and specific areas of high technology and related industrial development.
Amended by Act 2019, No. 315,§ 1052, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 344, eff. 7/1/2019.
Amended by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1983, No. 859, § 6; A.S.A. 1947, § 6-1606.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-114 - Use of land, buildings, or facilities for science and high technology

The Arkansas Economic Development Commission, with the advice of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission, is authorized to own, acquire, construct, reconstruct, extend, equip, improve, operate, maintain, sell, lease, contract concerning, or otherwise deal in or dispose of any land, buildings, or facilities of any and every nature whatever that can be used in securing or developing industry, transportation facilities, research and technological laboratories and production facilities, and agricultural, medical, and scientific enterprises involving the use of science and high technology, hereinafter referred to as "industry" or "industries", within this state.
Amended by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1983, No. 859, § 8; A.S.A. 1947, § 6-1608.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-115 - Pledging of credit

The Division of Science and Technology of the Arkansas Economic Development Commission shall not pledge the credit of the State of Arkansas or any of its revenues, except by the authority granted to it by the General Assembly and upon approval of the electors of this state as may be required by Arkansas Constitution, Amendment 20.
Amended by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1983, No. 859, § 5; A.S.A. 1947, § 6-1605.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-116 - Deposit of moneys - Audit

(a)
All moneys coming into the hands of the Division of Science and Technology of the Arkansas Economic Development Commission shall be deposited into one (1) or more financial institutions selected by the Director of the Arkansas Economic Development Commission with the advice of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission and authorized to do business in this state.
(b)
Moneys received by the division from appropriations of the General Assembly shall be deposited, administered, and accounted for in such manner as the General Assembly may provide.
(c)
The director shall provide for an audit to be performed and accepted by a certified public accountant or firm within sixty (60) days following the conclusion of each fiscal year of the division and shall file copies thereof with the Legislative Joint Auditing Committee.
(d)
The Legislative Joint Auditing Committee may accept such audit report or direct an audit of the financial record of the division by the staff of the Legislative Joint Auditing Committee.
(e)
Notwithstanding any other law to the contrary regarding general revenue year-end fund balances, any moneys received from the repayment of seed capital investments authorized by the division and expensed from the Seed Capital Investments line item in the Division of Science and Technology - State Operations Section of Acts 2023, No. 605, shall:
(1)
Be deposited into the State Treasury to the credit of the Arkansas Economic Development Commission Fund Account; and
(2)
Remain in the account to be made available solely for the benefit of the division to provide additional seed capital investments.
Amended by Act 2023, No. 605,§ 44, eff. 7/1/2023.
Amended by Act 2019, No. 910,§ 346, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 345, eff. 7/1/2019.
Amended by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1983, No. 859, § 7; A.S.A. 1947, § 6-1607.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-117 - Use of revenues - Assistance to minority businesses

(a)
The Arkansas Economic Development Commission is authorized to use any available revenues for the accomplishment of the purposes set forth in this subchapter.
(b)
In carrying out the purposes set forth in this subchapter, the commission will assist minority businesses in obtaining loans or other means of financial assistance.
(c)
The terms and conditions of such loans or financial assistance, including the charges for interest and other services, will be consistent with the provisions of this subchapter.
(d)
In order to comply with this requirement, efforts will be made to solicit for review and analysis proposed minority business ventures.
(e)
It is further provided that basic loan underwriting standards will not be waived to inconsistently favor minority persons or businesses, or both, from the intent of the commission's lending practices.
Amended by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1983, No. 859, § 9; 1985, No. 409, § 7; A.S.A. 1947, § 6-1609.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-118 - [Repealed]

Repealed by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1983, No. 859, § 10; 1985, No. 409, § 8; A.S.A. 1947, § 6-1610.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-119 - [Repealed]

Repealed by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1983, No. 859, § 11; 1985, No. 409, § 9; A.S.A. 1947, § 6-1611.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-120 - [Repealed]

Repealed by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1983, No. 859, § 12; 1985, No. 409, § 10; A.S.A. 1947, § 6-1612.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-121 - [Repealed]

Repealed by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1983, No. 859, § 13; 1985, No. 409, § 11; A.S.A. 1947, § 6-1613.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-123 - Annual report

Unless and until otherwise provided, the Arkansas Economic Development Commission shall make an annual report to the Governor and to both houses of the General Assembly setting forth in detail the operations and transactions conducted by it pursuant to this subchapter and any other legislation thereafter provided.
Amended by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1983, No. 859, § 5; A.S.A. 1947, § 6-1605.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-130 - Centers for applied technology - Definition

For the purposes of this section and §§
15-3-131
-
15-3-134
, "center for applied technology" or "center" means a college or university or university-affiliated unit, or a consortium of such units, which conducts a continuing program of basic research and applied research, development, and technology transfer in one (1) or more technological areas in collaboration with and through the support of private enterprises.
Amended by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1989, No. 803, § 4.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-131 - Centers for applied technology - Authority to designate

In order to encourage greater collaboration between private enterprises and Arkansas colleges and universities in the development and application of new technologies, the Arkansas Economic Development Commission may designate technological areas as having significant potential for economic growth in Arkansas or in which the application of new technologies could significantly enhance the productivity and stability of Arkansas enterprises.
Amended by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1989, No. 803, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-132 - Centers for applied technology - Criteria - Designation

(a)
The Division of Science and Technology of the Arkansas Economic Development Commission shall:
(1)
Identify technological areas for which centers for applied technology should be designated, including, but not limited to, technological areas that are related to enterprises with significant potential for economic growth and development in Arkansas and areas that are related to the enhancement of productivity in various enterprises in Arkansas;
(2)
Establish, in consultation with the Division of Higher Education, criteria that must be satisfied for designation as a center, including, but not limited to:
(A)
An established record of research, development, and instruction in the area of technology;
(B)
The capacity to conduct research and development activities in collaboration with private enterprises;
(C)
The capacity to secure substantial private and other government funding for the proposed center;
(D)
The ability and willingness to cooperate with other colleges and universities in conducting research and development activities and in disseminating research results and to work with institutions of higher learning to enhance the quality of technological education in the area or areas of technology involved; and
(E)
The ability and willingness to cooperate with the Division of Science and Technology of the Arkansas Economic Development Commission, the Arkansas Economic Development Council, and other economic development agencies in promoting the growth and development in Arkansas of enterprises based upon or benefiting from the areas of technology involved; and
(3)
Designate, using a competitive selection process, those centers for applied technology to be created in cooperation with colleges and universities in the state.
(b)
The Division of Science and Technology of the Arkansas Economic Development Commission may not designate technological areas or establish centers prior to the Division of Science and Technology of the Arkansas Economic Development Commission's adopting rules to govern the program authorized under this section, §§
15-3-130
,
15-3-131
,
15-3-133
, and
15-3-134
.
Amended by Act 2019, No. 910,§ 347, eff. 7/1/2019.
Amended by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1989, No. 803, §§ 2, 6; 1997, No. 540, § 18.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-133 - Centers for applied technology - Advisory committees

(a)
In carrying out its functions under this section, §§
15-3-130
-
15-3-132
, and
15-3-134
, the Division of Science and Technology of the Arkansas Economic Development Commission may create such advisory committees as may be useful in evaluating potential technological areas and centers for applied technology.
(b)
The memberships of these advisory committees may include both directors and staff members of the division and other persons drawn from sources other than the division, all of whom shall serve at the pleasure of the Director of the Arkansas Economic Development Commission.
(c)
Members of such advisory committees shall serve without compensation for their membership on such committees but may receive expense reimbursement in accordance with §
25-16-901
et seq.
Amended by Act 2019, No. 910,§ 348, eff. 7/1/2019.
Amended by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1989, No. 803, § 5; 1997, No. 250, § 94.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-134 - Centers for applied technology - Disposition of funds

Any moneys lawfully available to the Arkansas Economic Development Commission for the purpose of creating centers for applied technology may be used for the purchase of equipment and fixtures, employment of faculty and support staff, provision of graduate fellowships, and other purposes approved by the commission but may not be used for capital construction.
Amended by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1989, No. 803, § 3.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 1 - DIVISION OF SCIENCE AND TECHNOLOGY OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION (§§ 15-3-101 — 15-3-135) › Section 15-3-135 - Promotion of scientific, medical, and technological jobs and infrastructure enhancements - Definition

(a)
As used in this section, "qualified medical company" means a corporation engaged in:
(1)
Research and development in the medical field; and
(2)
Manufacture and distribution of medical products, including therapeutic and diagnostic products.
(b)
(1)
All agencies, departments, boards, commissions, and other instrumentalities of this state and all political subdivisions of this state and all agencies, departments, boards, commissions, and other instrumentalities thereof, to the greatest extent possible, shall expedite the processing of all lawful applications and requests required or permitted by law which are submitted or made by qualified medical companies and, in considering all such applications and requests, give due consideration to the purposes of this section.
(2)
To the extent available time, personnel, and other resources permit, all state-funded colleges and universities shall provide research assistance to the Arkansas Economic Development Commission to assist with planning to develop scientific, medical, and technological commercial infrastructure enhancements to encourage qualified medical companies to locate in this state.
Amended by Act 2015EX1, No. 8,§ 76, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 76, eff. 7/1/2015.
Acts 1995, No. 586, §§ 1-3.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 2 - ARKANSAS RESEARCH MATCHING FUND (§§ 15-3-201 — 15-3-208) › Section 15-3-201 - Legislative intent

A national ranking of Arkansas's research performance in comparison with other states places our state forty-ninth. In order to be competitive in our economic and educational endeavors, it is critical that our research capabilities be upgraded. To be competitive will require a commitment on behalf of the state that is specifically targeted to improving our ranking among the states in the areas of science and engineering graduates, university research and development, federal research and development, and small business innovation research grants. The commitment necessary to improve our ranking is to be found in investing in research and research infrastructure.
Acts 1999, No. 1545, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 2 - ARKANSAS RESEARCH MATCHING FUND (§§ 15-3-201 — 15-3-208) › Section 15-3-202 - Creation

(a)
There is created the Arkansas Research Matching Fund.
(b)
The fund shall be administered by the Arkansas Economic Development Commission and shall be for the benefit of colleges and universities located within the State of Arkansas.
(c)
In order to qualify for the research moneys to be made available through this fund, schools must be a two-year or four-year accredited institution of post-secondary education. Consortiums of eligible institutions are eligible and encouraged to apply for these funds. The fund shall be focused on basic and strategic research.
Amended by Act 2015EX1, No. 8,§ 77, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 77, eff. 7/1/2015.
Acts 1999, No. 1545, § 2.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 2 - ARKANSAS RESEARCH MATCHING FUND (§§ 15-3-201 — 15-3-208) › Section 15-3-203 - Administration

(a)
In order to obtain moneys from the Arkansas Research Matching Fund:
(1)
A college or university may provide the Arkansas Economic Development Commission with the research grant proposal for federal funds submitted with a letter of intent to apply for a match to one (1) of the funding agencies identified in §
15-3-205
;
(2)
(A)
A college or university shall apply to the commission for a match from this fund in writing within two (2) weeks of the notice of an award of federal funds from one (1) of the funding agencies identified in §
15-3-205
.
(B)
In addition to the grant proposal submitted to the federal agency, the application shall include an approved budget and an official notice of the grant award from the federal funding agency; and
(3)
A college or university shall adhere to the rules that may be promulgated by the commission for administration of this fund.
(b)
(1)
Upon receipt of an application for matching funds to match federal funds from one (1) of the funding agencies identified in §
15-3-205
, the commission, with the advice of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission, shall determine the eligibility for matching funds based on a finding that the proposed research is in fields having long-term economic or commercial value to the state and which have been identified in the research and development plan approved by the Director of the Arkansas Economic Development Commission.
(2)
The commission shall promptly review applications for matching funds for consistency with this subchapter.
(3)
The commission shall ensure that no commitments for matching funds shall be made in excess of funds available for any given year and may review and approve those applications that have:
(A)
Provided the information on the application for matching funds in accordance with the provisions of this subchapter;
(B)
Included an official notice of award of a research grant from one (1) of the funding agencies identified in §
15-3-205
; and
(C)
Filed a proposal for federal funding consistent with the types of research authorized by this subchapter.
Amended by Act 2019, No. 315,§ 1053, eff. 7/24/2019.
Amended by Act 2019, No. 910,§ 349, eff. 7/1/2019.
Amended by Act 2015EX1, No. 8,§ 78, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 78, eff. 7/1/2015.
Acts 1999, No. 1545, § 3; 2003, No. 417, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 2 - ARKANSAS RESEARCH MATCHING FUND (§§ 15-3-201 — 15-3-208) › Section 15-3-204 - Disbursement of funds

(a)
The matching funds authorized by this subchapter are to be used primarily to attract federal funds to the state for basic and strategic research.
(b)
The Director of the Arkansas Economic Development Commission, with the advice of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission, may approve multi-year research grants, but disbursements of the matching funds authorized by this subchapter shall be for no more than a twelve-month period.
Amended by Act 2019, No. 910,§ 350, eff. 7/1/2019.
Amended by Act 2015EX1, No. 8,§ 79, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 79, eff. 7/1/2015.
Acts 1999, No. 1545, § 4.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 2 - ARKANSAS RESEARCH MATCHING FUND (§§ 15-3-201 — 15-3-208) › Section 15-3-205 - Funds for match

Funds used under the provisions of this subchapter shall adhere to the following criteria:
(1)
Be used for the purposes of matching an approved grant from an eligible federal agency, limited to the following:
(A)
The National Science Foundation;
(B)
The National Institutes of Health;
(C)
The United States Department of Energy;
(D)
The United States Department of Defense;
(E)
The United States Environmental Protection Agency;
(F)
The National Aeronautics and Space Administration;
(G)
The United States Department of Agriculture;
(H)
The United States Department of Transportation;
(I)
The United States Department of Commerce;
(J)
The United States Department of Education; and
(K)
The United States Department of Homeland Security;
(2)
(A)
Proposals for federal funds that contain a specific state or federal match requirement, for the purposes of this subchapter, shall not be matched at a rate of more than fifty percent (50%), except that any portion of the match over fifty percent (50%) may be borne by the college or university.
(B)
Proposals for federal funds that do not contain a specific state or federal match requirement, for the purposes of this subchapter, shall not be matched at a rate of more than ten percent (10%), provided that the state share is matched dollar for dollar by the college or university for a combined match of not more than twenty percent (20%), except that any portion of the match over twenty percent (20%) may be borne by the college or university; and
(3)
A state financial match requirement of at least twenty thousand dollars ($20,000) for equipment matching and at least fifty thousand dollars ($50,000) for research project matching.
Acts 1999, No. 1545, § 5; 2005, No. 2265, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 2 - ARKANSAS RESEARCH MATCHING FUND (§§ 15-3-201 — 15-3-208) › Section 15-3-206 - Reporting

The Arkansas Economic Development Commission shall present to the Governor's office and the General Assembly a report on the investment from the Arkansas Research Matching Fund by April 1 of each even-numbered year.
Amended by Act 2015EX1, No. 8,§ 80, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 80, eff. 7/1/2015.
Acts 1999, No. 1545, § 6.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 2 - ARKANSAS RESEARCH MATCHING FUND (§§ 15-3-201 — 15-3-208) › Section 15-3-207 - Prohibition

None of the moneys appropriated by the General Assembly for the Arkansas Research Matching Fund shall be used for the construction of new facilities.
Acts 1999, No. 1545, § 7.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 2 - ARKANSAS RESEARCH MATCHING FUND (§§ 15-3-201 — 15-3-208) › Section 15-3-208 - Rules

The Arkansas Economic Development Commission has the authority to establish guidelines by which eligible institutions might access research funds created by this subchapter through the promulgation of administrative rules in accordance with the Arkansas Administrative Procedure Act, §
25-15-201
et seq.
Amended by Act 2015EX1, No. 8,§ 81, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 81, eff. 7/1/2015.
Acts 1999, No. 1545, § 8.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 3 - ARKANSAS RESEARCH ALLIANCE ACT (§§ 15-3-301 — 15-3-306) › Section 15-3-301 - Title

This subchapter shall be known and may be cited as the "Arkansas Research Alliance Act".
Acts 2007, No. 563, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 3 - ARKANSAS RESEARCH ALLIANCE ACT (§§ 15-3-301 — 15-3-306) › Section 15-3-302 - Legislative intent

The General Assembly finds:
(1)
Economic growth and development in Arkansas in the twenty-first century are indisputably tied to the success of research centers and institutions in incubating high-tech industry;
(2)
The critical success factors of research institutions are available research infrastructure, talented senior researchers, suitable buildings, and effective equipment; and
(3)
Private sector leadership understands the market potential of research in economic development and the job-creating power of public-private collaboration.
Acts 2007, No. 563, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 3 - ARKANSAS RESEARCH ALLIANCE ACT (§§ 15-3-301 — 15-3-306) › Section 15-3-303 - Definitions

As used in this subchapter:
(1)
"Job-creating research" means basic and applied laboratory research that may reasonably be expected to lead to the creation of knowledge-based and high-technology jobs in Arkansas;
(2)
"Knowledge-based and high-technology jobs" means employment opportunities in positions that pay more than one and seventy-five hundredths (1.75) times the average annual wage in the state according to the most recent data available;
(3)
"Research alliance" means the collaborative functions of research universities for the purpose of:
(A)
Enhancing research infrastructure;
(B)
Increasing the number of talented researchers at research universities; and
(C)
Expanding knowledge-based and high-technology job-creating research activities;
(4)
"Research infrastructure" means the equipment, buildings, information technology connectivity, and software of research universities within which talented researchers conduct their work; and
(5)
"Research university" means any university campus in Arkansas that receives significant federal funding of job-creating research.
Acts 2007, No. 563, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 3 - ARKANSAS RESEARCH ALLIANCE ACT (§§ 15-3-301 — 15-3-306) › Section 15-3-304 - Collaboration of Arkansas Economic Development Commission with research universities and private business sector representatives

(a)
The Arkansas Economic Development Commission may work with the chancellors and presidents of research universities and the private business sector to support collaborations establishing a research alliance for the purpose of improving the economy of the state through:
(1)
Improving research infrastructure;
(2)
Increasing the focus on job-creating research activities within or supported by the research universities; and
(3)
Expanding job-creating research activities toward producing more knowledge-based and high-technology jobs in this state.
(b)
The commission shall designate no more than five (5) institutions of higher education as research universities for the purposes of this subchapter.
Amended by Act 2015EX1, No. 8,§ 82, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 82, eff. 7/1/2015.
Acts 2007, No. 563, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 3 - ARKANSAS RESEARCH ALLIANCE ACT (§§ 15-3-301 — 15-3-306) › Section 15-3-305 - Areas of collaboration

The Arkansas Economic Development Commission may recommend that a research alliance under this subchapter:
(1)
Identify specific areas where scientific research and technological investigation may contribute to the creation and growth of knowledge-based and high-technology jobs in Arkansas;
(2)
Determine specific areas in which financial investment in scientific and technological research and development from federal agencies or private businesses located in Arkansas could be enhanced or increased if state resources were made available to assist in financing research infrastructure;
(3)
Advise universities of the research needs of Arkansas businesses and improve the exchange of scientific and technological information for the mutual benefit of universities and private businesses;
(4)
Encourage collaborations among scholars and faculty of research universities in the areas of research identified by the research alliance;
(5)
(A)
Recommend state investments in research infrastructure.
(B)
In determining the recommendations for state investments in research infrastructure, the research alliance shall invite from research universities:
(i)
Assessments of the capabilities of the research universities to seize research opportunities in the areas of research identified by the research alliance; and
(ii)
Investments that would accelerate the creation of economic opportunities for the citizens of the state;
(6)
Certify investments in research infrastructure from the Arkansas Research Infrastructure Fund; and
(7)
Monitor, in the specific areas identified by the research alliance:
(A)
Growth in university research funding;
(B)
Intellectual property creation;
(C)
Licensing of technology to entrepreneurial firms and existing Arkansas companies;
(D)
Growth in venture capital investments in Arkansas; and
(E)
Employment in knowledge-based and high-technology employees.
Amended by Act 2015EX1, No. 8,§ 83, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 83, eff. 7/1/2015.
Acts 2007, No. 563, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 3 - ARKANSAS RESEARCH ALLIANCE ACT (§§ 15-3-301 — 15-3-306) › Section 15-3-306 - Contracting with research alliance

(a)
In order to assist a research alliance in achieving the objectives identified in §
15-3-305
, the Arkansas Economic Development Commission may contract with a research alliance or any nonprofit organization recommended by a research alliance for activities consistent with the research alliance's purpose under §
15-3-305
.
(b)
When contracting with the research alliance or its designee under this subchapter, the commission may directly enter into agreements with persons or entities and shall not be bound by the provisions of Arkansas procurement law requiring competitive bids.
Amended by Act 2015EX1, No. 8,§ 84, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 84, eff. 7/1/2015.
Acts 2007, No. 563, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 4 - POSTDOCTORAL SCIENCE AND ENGINEERING GRANT PROGRAM FOR ECONOMIC DEVELOPMENT AND KNOWLEDGE-BASED JOB GROWTH (§§ 15-3-401 — 15-3-405) › Section 15-3-401 - Legislative intent

It is the intent of the General Assembly:
(1)
To assist growing, technology-based enterprises by:
(A)
Attracting and retaining highly trained science and engineering postdoctoral graduates by encouraging the establishment of career opportunities within the State of Arkansas;
(B)
Providing scientific expertise to emerging technology-based enterprises by helping them hire postdoctoral graduates to address the needs of these businesses; and
(C)
Developing a growing core of scientific job talent in Arkansas by attracting and retaining postdoctoral science and engineering graduates; and
(2)
That the establishment of the postdoctoral science and engineering grant program shall benefit the State of Arkansas as a whole and that provisions be made to ensure that all parts of the state have an opportunity to benefit from this subchapter.
Acts 2009, No. 463, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 4 - POSTDOCTORAL SCIENCE AND ENGINEERING GRANT PROGRAM FOR ECONOMIC DEVELOPMENT AND KNOWLEDGE-BASED JOB GROWTH (§§ 15-3-401 — 15-3-405) › Section 15-3-402 - Application for funding

(a)
The Arkansas Economic Development Commission shall make available forms upon which a business eligible for a grant under §
15-3-403
may apply for a grant to support the hiring of postdoctoral science and engineering graduates to work in areas of their expertise in Arkansas.
(b)
Within thirty (30) days of the receipt of an application, the commission shall notify the applicant whether:
(1)
The applicant meets the criteria for benefits; and
(2)
Funds are available to assist the business in the hiring of postdoctoral science and engineering graduates.
Amended by Act 2015EX1, No. 8,§ 85, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 85, eff. 7/1/2015.
Acts 2009, No. 463, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 4 - POSTDOCTORAL SCIENCE AND ENGINEERING GRANT PROGRAM FOR ECONOMIC DEVELOPMENT AND KNOWLEDGE-BASED JOB GROWTH (§§ 15-3-401 — 15-3-405) › Section 15-3-403 - Eligibility for grants

To qualify for a grant authorized under §
15-3-404
, a business shall:
(1)
Have operations within the State of Arkansas that are in one (1) of the six (6) categories of targeted businesses identified in §
15-4-2703(43)(A)
;
(2)
Pay average hourly wages in excess of one hundred ten percent (110%) of the county or state average hourly wage, whichever is less;
(3)
Agree to hire a postdoctoral graduate; and
(4)
Provide proof that the postdoctoral graduate is an Arkansas taxpayer and a resident of the State of Arkansas.
Acts 2009, No. 463, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 4 - POSTDOCTORAL SCIENCE AND ENGINEERING GRANT PROGRAM FOR ECONOMIC DEVELOPMENT AND KNOWLEDGE-BASED JOB GROWTH (§§ 15-3-401 — 15-3-405) › Section 15-3-405 - Rules

(a)
The Arkansas Economic Development Commission, through the promulgation of rules in accordance with the Arkansas Administrative Procedure Act, §
25-15-201
et seq., shall establish procedures consistent with this subchapter to carry out the intent of this legislation.
(b)
The commission shall establish by rule opportunities for assisting in the hiring of postdoctoral graduates in each of the four (4) congressional districts in the state.
Amended by Act 2015EX1, No. 8,§ 87, eff. 7/1/2015.
Amended by Act 2015EX1, No. 7,§ 87, eff. 7/1/2015.
Acts 2009, No. 463, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 5 - ARKANSAS ACCELERATION FUND ACT (§§ 15-3-501 — 15-3-505) › Section 15-3-501 - Title

This subchapter shall be known and may be cited as the "Arkansas Acceleration Fund Act".
Acts 2011, No. 706, § 1.
Arkansas Code of 1987 (2023) › Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324) › Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108) › Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709) › Subchapter 5 - ARKANSAS ACCELERATION FUND ACT (§§ 15-3-501 — 15-3-505) › Section 15-3-502 - Legislative intent

(a)
The General Assembly finds that in October 2008 the Arkansas Task Force for the 21st Century Economy found and recommended that:
(1)
Education, research and development, entrepreneurship, risk capital, existing business innovation, and cyberinfrastructure are the most critical roles to Arkansas's success in the twenty-first century global economy;
(2)
Twenty-six (26) programs, initiatives, and constitutional issues be given priority consideration as being key to competitiveness and contributing to economic development in the twenty-first century global economy;
(3)
Resources should be dedicated to further study the structure and effectiveness of the state's economic development organizations because economic development is ever changing and the continuing review will provide information about twenty-first century demands on the organizations; and
(4)
Arkansas should create a dedicated revenue stream for funding twenty-first century business development.
(b)
The General Assembly further finds that Arkansas:
(1)
Needs an approach to an economy supported by knowledge-based jobs; and
(2)
Lacks a recurring and predictable funding formula for economic development.
Amended by Act 2017, No. 167,§ 1, eff. 8/1/2017.
Acts 2011, No. 706, § 1.