Chapter 4 - Development Of Business And Industry Generally
- Subchapter 1 - General Provisions
- Subchapter 2 - Arkansas Economic Development Council
- § 15-4-201 - Creation.
- § 15-4-202 - Members.
- § 15-4-203 - Organization and meetings.
- § 15-4-204 - Functions, powers, and duties.
- § 15-4-205 - Arkansas Economic Development Commission -- Information and investigations.
- § 15-4-206 - Arkansas Economic Development Commission -- Director.
- § 15-4-207 - Arkansas Economic Development Commission -- Duties regarding tax exemption to industries.
- § 15-4-208 - Arkansas Economic Development Commission -- Cooperation with other states and federal government.
- § 15-4-209 - Arkansas Economic Development Commission -- Additional functions, powers, and duties.
- § 15-4-210 - Overseas operation -- Reports.
- § 15-4-211 - Overseas program -- Personnel.
- § 15-4-212 - Sale of property.
- § 15-4-213 - Rural development generally.
- § 15-4-214 - Interagency contracts.
- § 15-4-215 - [Repealed.]
- § 15-4-216
- § 15-4-218 - Access to industrial sites.
- § 15-4-219 - Annual report.
- § 15-4-220 - Audit of economic incentive programs.
- Subchapter 3 - Minority Business Economic Development Act
- § 15-4-301 - Title.
- § 15-4-302 - Purpose.
- § 15-4-303 - Definitions.
- § 15-4-304 - Creation.
- § 15-4-305 - Administrator.
- § 15-4-306 - Duties.
- § 15-4-307 - Minority Business Advisory Council.
- § 15-4-308 - Administration.
- § 15-4-309 - Exempt contracts.
- § 15-4-310 - Minority business officer.
- § 15-4-311 - Annual minority purchasing plan.
- § 15-4-312 - State agencies to submit reports.
- § 15-4-313 - Accelerated payments.
- § 15-4-314 - Minority business enterprises certification process.
- § 15-4-315 - -- 15-4-320. [Repealed.]
- Subchapter 4 - Jobs Creation by Stimulating Small Business Growth Act of 1985
- § 15-4-401 - Title.
- § 15-4-402 - Legislative findings and purpose.
- § 15-4-403 - Definitions.
- § 15-4-404 - Promulgation of rules and regulations generally.
- § 15-4-405 - Companies qualified for loan application and sale -- Apportioning available funds.
- § 15-4-406 - Authority to issue revenue bonds -- Loan funds.
- § 15-4-407 - Limits on bond issuance and loan purchases.
- § 15-4-408 - Prerequisites to issuance.
- § 15-4-409 - Authorizing resolution and trust indenture.
- § 15-4-410 - Issuance and redemption procedures.
- § 15-4-411 - Security.
- § 15-4-412 - Expenses.
- § 15-4-413 - Tax exemption.
- § 15-4-414 - No personal liability.
- § 15-4-415 - Authority to use bond proceeds.
- § 15-4-416 - Deposit and use of revenues.
- Subchapter 5 - Industrial Development Corporations
- § 15-4-501 - Purpose -- Incorporators.
- § 15-4-502 - Articles of incorporation -- Contents.
- § 15-4-503 - Articles -- Signatures and acknowledgment of incorporators.
- § 15-4-504 - [Repealed.]
- § 15-4-505 - Articles -- Filing.
- § 15-4-506 - Beginning of corporate existence.
- § 15-4-507 - Meeting.
- § 15-4-508 - Filing corrected articles of incorporation.
- § 15-4-509 - Corporate powers.
- § 15-4-510 - Bylaws.
- § 15-4-511 - Amendments to articles of incorporation.
- § 15-4-512 - Filing charges.
- § 15-4-513 - Nonprofit operation -- Payment of indebtedness.
- § 15-4-514 - Authority to borrow money, issue bonds, etc.
- § 15-4-515 - Exemption from Arkansas Securities Act.
- § 15-4-516 - [Repealed.]
- § 15-4-517 - Bond issue -- Terms.
- § 15-4-518 - Security for bonds.
- § 15-4-519 - [Repealed.]
- § 15-4-520 - Excess funds.
- § 15-4-521 - Sale of obligations.
- § 15-4-522 - Refunding obligations.
- § 15-4-523 - Authorized investors.
- § 15-4-524 - Tax exemptions.
- § 15-4-525 - Dissolution.
- Subchapter 6 - Industrial Revenue Bond Guaranty Law
- § 15-4-601 - Title.
- § 15-4-602 - Definitions.
- § 15-4-603 - Arkansas Economic Development Council empowered to grant or deny guaranty bonds.
- § 15-4-604 - When bonds may be guaranteed -- Standards and regulations for evaluations.
- § 15-4-605 - Revenue Bond Guaranty Reserve Account -- Investment of funds.
- § 15-4-606 - Evidence to support guaranty -- Review of applications.
- § 15-4-607 - Power to accept grants.
- § 15-4-608 - Guaranty agreement provisions.
- § 15-4-609 - Regulations.
- Subchapter 7 - Industrial Development Guaranty Bond Act
- § 15-4-701 - Title.
- § 15-4-702 - Authority to use Arkansas Economic Development Council moneys if account is insufficient.
- § 15-4-703 - Authority to issue bonds -- Arkansas Economic Development Council determinations.
- § 15-4-704 - Authorizing resolution -- Bond issuance, form, and contents.
- § 15-4-705 - Trust indenture.
- § 15-4-706 - Execution and delivery of bonds.
- § 15-4-707 - Temporary notes or bonds.
- § 15-4-708 - Sale of bonds.
- § 15-4-709 - Arkansas Economic Development Council obligations -- Deposit of revenues and net proceeds.
- § 15-4-710 - Notice to State Board of Finance -- Disposition of bond debt service amount.
- Subchapter 8 - Arkansas Enterprise Zone Act of 1989
- Subchapter 9 - Arkansas Development Finance Corporation Act
- § 15-4-901 - Title.
- § 15-4-902 - Purposes.
- § 15-4-903 - Definitions.
- § 15-4-904 - Construction.
- § 15-4-905 - Supervision.
- § 15-4-906 - Articles of incorporation.
- § 15-4-907 - Application for preliminary approval.
- § 15-4-908 - Preliminary investigation.
- § 15-4-909 - Preliminary approval.
- § 15-4-910 - Organization.
- § 15-4-911 - Certificate of organization.
- § 15-4-912 - Final investigation and approval by the board.
- § 15-4-913 - Beginning of corporate existence -- Certificate as evidence.
- § 15-4-914 - Amendment to articles of incorporation.
- § 15-4-915 - Management of corporation -- Voting and transfer of common stock.
- § 15-4-916 - Powers.
- § 15-4-917 - Corporation to be nonprofit -- Use of revenues.
- § 15-4-918 - Liability of directors and officers.
- § 15-4-919 - Retirement of preferred stock.
- § 15-4-920 - Exemption from the Arkansas Securities Act.
- § 15-4-921 - Obligations as negotiable instruments.
- § 15-4-922 - Debentures.
- § 15-4-923 - Bonds and notes -- Use of earned surplus.
- § 15-4-924 - Eligibility for certain investments.
- § 15-4-925 - Exemption of interest and obligations from certain taxes.
- § 15-4-926 - Loan policy -- Disposition of funds.
- § 15-4-927 - Dissolution.
- Subchapter 10 - Arkansas Capital Development Company Act
- § 15-4-1001 - Title.
- § 15-4-1002 - Definitions.
- § 15-4-1003 - Construction.
- § 15-4-1004 - Application for approval.
- § 15-4-1005 - -- 15-4-1007. [Repealed.]
- § 15-4-1008 - Ex officio members of the governing board.
- § 15-4-1009 - Liability of governing board and officers.
- § 15-4-1010 - [Repealed.]
- § 15-4-1011 - Investigation and approval by the State Banking Board.
- § 15-4-1012 - Commencement of existence.
- § 15-4-1013 - Articles.
- § 15-4-1014 - Amendment to articles.
- § 15-4-1015 - Management of a capital development company.
- § 15-4-1016 - Powers.
- § 15-4-1017 - Dividends and distributions.
- § 15-4-1018 - Bonds or notes of the company.
- § 15-4-1019 - Authority of other corporations and financial institutions.
- § 15-4-1020
- § 15-4-1022 - Compliance with the Arkansas Securities Act.
- § 15-4-1023 - Obligations as negotiable instruments.
- § 15-4-1024 - Eligibility for certain investments.
- § 15-4-1025 - Exemption from certain taxes.
- § 15-4-1026 - Tax credit.
- § 15-4-1027 - Investment and loan policy.
- § 15-4-1028 - Supervision of capital development companies.
- § 15-4-1029 - Dissolution.
- § 15-4-1030 - Merger.
- § 15-4-1031 - Application of business laws.
- Subchapter 11 - Steel Mill Tax Incentives
- Subchapter 12 - County and Regional Industrial Development Company Act
- § 15-4-1201 - Title.
- § 15-4-1202 - Definitions.
- § 15-4-1203 - Liberal construction.
- § 15-4-1204 - Application for preliminary approval.
- § 15-4-1205 - Preliminary approval.
- § 15-4-1206 - Organization.
- § 15-4-1207 - Liability of directors, officers, managers, and members.
- § 15-4-1208 - Certificate of organization.
- § 15-4-1209 - Final investigation and approval by the board.
- § 15-4-1210 - Commencement and continuation of existence.
- § 15-4-1211 - Articles of incorporation or articles of organization.
- § 15-4-1212 - Amendment to articles of incorporation or articles of organization.
- § 15-4-1213 - Management of company.
- § 15-4-1214 - Powers of the company.
- § 15-4-1215 - Dividends and distributions.
- § 15-4-1216 - Bonds and notes of the company.
- § 15-4-1217 - Authority of other corporations and financial institutions.
- § 15-4-1218 - Member financial institutions -- Loan limits.
- § 15-4-1219 - Withdrawal of members.
- § 15-4-1220 - Exemption for securities.
- § 15-4-1221 - Obligations as negotiable instruments.
- § 15-4-1222 - Eligibility for certain investments.
- § 15-4-1223 - Exemption from certain taxes.
- § 15-4-1224 - Tax credit.
- § 15-4-1225 - Loan policy.
- § 15-4-1226 - Supervision of companies.
- § 15-4-1227 - Dissolution of company.
- § 15-4-1228 - Investigations by Bank Commissioner or Securities Commissioner -- Injunctions.
- Subchapter 13 - Arkansas Linked Deposit Program Act
- Subchapter 14 - Inventors' Assistance Act
- § 15-4-1401 - Title.
- § 15-4-1402 - Definitions.
- § 15-4-1403 - Prototype development center -- Objectives of program.
- § 15-4-1404 - Authority of board.
- § 15-4-1405 - Annual report.
- § 15-4-1406 - Fees -- Review of proposals.
- § 15-4-1407 - Product development -- Contracts.
- § 15-4-1408 - Inventors' Assistance Program Fund.
- Subchapter 15 - Arkansas Aviation and Aerospace Commission
- Subchapter 16 - Arkansas Economic Development Incentive Act of 1993
- § 15-4-1601 - Title.
- § 15-4-1602 - Definitions.
- § 15-4-1603 - Economic Development Incentive Fund.
- § 15-4-1604 - Powers and duties of the Arkansas Economic Development Commission.
- § 15-4-1605 - Qualifications.
- § 15-4-1606 - Limitations.
- § 15-4-1607 - Transfer of funds.
- § 15-4-1608 - Verification.
- § 15-4-1609 - Effect of participation.
- § 15-4-1610 - [Repealed.]
- Subchapter 17 - Arkansas Enterprise Zone Act of 1993
- § 15-4-1701
- § 15-4-1702 - Definitions.
- § 15-4-1703 - Powers and duties of the Arkansas Economic Development Commission.
- § 15-4-1704 - Refund of sales and use tax -- Tax credit.
- § 15-4-1705 - Projects under Manufacturer's Investment Sales and Use Tax Credit Act of 1985.
- § 15-4-1706 - -- 15-4-1708. [Repealed.]
- § 15-4-1709 - Exceptions.
- Subchapter 18 - Major Industry Facilities Incentive Act
- § 15-4-1801 - Title.
- § 15-4-1802 - Definitions.
- § 15-4-1803 - Application for assistance generally.
- § 15-4-1804 - Application -- Contents.
- § 15-4-1805 - Application -- Hearings.
- § 15-4-1806 - Application -- Determination of eligibility.
- § 15-4-1807 - State assistance.
- § 15-4-1808 - Major Industry Facilities Incentive Fund -- Creation.
- § 15-4-1809 - Payments.
- § 15-4-1810 - Suspension of local tax.
- § 15-4-1811 - Pledge of state revenues prohibited.
- Subchapter 19 - Arkansas Economic Development Act of 1995
- § 15-4-1901 - Title.
- § 15-4-1902 - Definitions.
- § 15-4-1903 - Powers and duties of the Arkansas Economic Development Commission.
- § 15-4-1904 - Qualifications.
- § 15-4-1905 - Financial incentive plan.
- § 15-4-1906 - Refund of sales and use tax -- Income tax credit.
- § 15-4-1907 - Verification.
- § 15-4-1908 - Effect of participation.
- Subchapter 20 - Digital Product and Motion Picture Industry Development Act of 2009
- § 15-4-2001 - Short title.
- § 15-4-2002 - Legislative intent.
- § 15-4-2003 - Definitions.
- § 15-4-2004 - Requirement for registration.
- § 15-4-2005 - Production rebate.
- § 15-4-2006 - Postproduction rebate.
- § 15-4-2007 - Application for rebate.
- § 15-4-2008 - Disbursement of rebate incentive.
- § 15-4-2009 - Penalties.
- § 15-4-2010 - Rules.
- § 15-4-2011 - Sunset.
- Subchapter 21 - Arkansas Emerging Technology Development Act of 1999
- Subchapter 22 - Arkansas Workforce Investment Act
- § 15-4-2201 - Title.
- § 15-4-2202 - Purpose.
- § 15-4-2203 - Definitions.
- § 15-4-2204 - Arkansas Workforce Investment Board established.
- § 15-4-2205 - Arkansas Workforce Investment Board Executive Committee.
- § 15-4-2206 - Powers and duties of Arkansas Workforce Investment Board.
- § 15-4-2207 - State plan for workforce investment system strategy.
- § 15-4-2208 - Local workforce investment areas.
- § 15-4-2209 - Local workforce investment boards to be established.
- § 15-4-2210 - Certification of local workforce investment boards.
- § 15-4-2211 - Powers and duties of local workforce investment board.
- § 15-4-2212 - Local plan for workforce investment system strategy.
- Subchapter 23 - Arkansas Public Roads Improvements Credit Act
- Subchapter 24 - Steel Manufacturers' Tax Exemptions and Credits
- Subchapter 25 - Small Business Loan Collaboration Program
- Subchapter 26 - Arkansas Delta Development Commission
- Subchapter 27 - Consolidated Incentive Act of 2003
- § 15-4-2701 - Legislative intent.
- § 15-4-2702 - Title.
- § 15-4-2703 - Definitions.
- § 15-4-2704
- § 15-4-2705
- § 15-4-2706
- § 15-4-2707
- § 15-4-2708
- § 15-4-2709 - Targeted business special incentive.
- § 15-4-2710 - Powers and duties of the Arkansas Economic Development Commission.
- § 15-4-2711 - Administration.
- § 15-4-2712 - Restrictions.
- § 15-4-2713 - [Repealed.]
- § 15-4-2714 - Coordination with other economic development programs.
- Subchapter 28 - Biodiesel Incentive Act
- Subchapter 29 - Arkansas Workforce Investment Board and Adult Education Study Committee
- Subchapter 30 - Arkansas General Obligation Economic Development Superprojects Bond and Project Funding Act
- § 15-4-3001 - Title.
- § 15-4-3002 - Legislative findings.
- § 15-4-3003 - Definitions.
- § 15-4-3004 - Authority to issue bonds.
- § 15-4-3005 - State of Arkansas Economic Development General Obligation Bonds.
- § 15-4-3006 - Qualification as a superproject.
- § 15-4-3007 - Series of bonds.
- § 15-4-3008 - Purpose of bonds.
- § 15-4-3009 - Authorization of bonds.
- § 15-4-3010 - Form and delivery of bonds.
- § 15-4-3011 - Sale and price of bonds.
- § 15-4-3012 - Deposit of bond proceeds.
- § 15-4-3013 - Powers of the Arkansas Economic Development Commission.
- § 15-4-3014 - General obligations bonds.
- § 15-4-3015 - Annual determination of moneys required for bond repayment.
- § 15-4-3016 - Exemption from taxes.
- § 15-4-3017 - Refunding bonds.
- § 15-4-3018 - Contractual obligations of state -- Enforcement.
- § 15-4-3019 - No rights until first series of bonds sold and delivered -- Outstanding bonds unaffected.
- § 15-4-3020 - Consent by qualified electors to issue bonds.
- § 15-4-3021 - Vote on issuance of bonds by qualified electors.
- § 15-4-3022 - Legal actions heard as preferred cause -- Appeals.
- § 15-4-3023 - Construction.
- Subchapter 31 - Nonprofit Incentive Act of 2005
- Subchapter 32 - Arkansas Amendment 82 Implementation Act
- § 15-4-3201 - Title.
- § 15-4-3202 - Definitions.
- § 15-4-3203 - Amendment 82 project qualification.
- § 15-4-3204 - Amendment 82 agreement.
- § 15-4-3205 - Penalties.
- § 15-4-3206 - Compliance time period -- Audit requirements.
- § 15-4-3207 - Maximum ceiling on bond principal.
- § 15-4-3208 - Amendment 82 bonds.
- § 15-4-3209 - Series of bonds.
- § 15-4-3210 - Authorization of bonds.
- § 15-4-3211 - Form and delivery of bonds.
- § 15-4-3212 - Sale and price of bonds.
- § 15-4-3213 - Deposit of bond proceeds.
- § 15-4-3214 - General obligation bonds.
- § 15-4-3215 - Annual determination of moneys required for bond repayment.
- § 15-4-3216 - Exemption from taxes.
- § 15-4-3217 - Refunding bonds.
- § 15-4-3218 - Contractual obligations of state -- Enforcement.
- § 15-4-3219 - No rights until first series of bonds sold and delivered -- Outstanding bonds unaffected.
- § 15-4-3220 - Legal actions heard as preferred cause -- Appeals.
- § 15-4-3221 - Monitoring and reporting.
- § 15-4-3222 - Release of information.
- § 15-4-3223 - Power and duties of the Arkansas Economic Development Commission and the Arkansas Development Finance Authority.
- § 15-4-3224 - Public reporting requirements.
- Subchapter 33 - Equity Investment Incentive Act of 2007
- § 15-4-3301 - Title.
- § 15-4-3302 - Equity investment incentives -- Creation -- Purpose -- Tax credit.
- § 15-4-3303 - Eligibility for equity investment incentive.
- § 15-4-3304 - Application for an equity investment incentive tax credit.
- § 15-4-3305 - Award of an equity investment incentive tax credit.
- § 15-4-3306 - Rules.