(a) The Arkansas Research Alliance shall serve in an advisory capacity to the Governor, the General Assembly, the Arkansas Economic Development Commission, and other agencies responsible for programs enumerated in subsection (b) of this section.
(b) (1) The Arkansas Research Alliance shall make recommendations regarding support and assistance for the accelerated growth of knowledge-based and high-technology jobs in the State of Arkansas through focused funding of the state's initiatives and programs.
(2) For funds in the Arkansas Acceleration Fund, § 19-5-1243, the Arkansas Research Alliance shall make recommendations to the commission regarding the allocation or reallocation of funds and moneys for programs and initiatives authorized by the:
(A) Arkansas Research Alliance Act, § 15-3-301 et seq.;
(B) Innovate Arkansas Fund, § 19-5-1237;
(C) Arkansas Risk Capital Matching Fund Act of 2007, § 15-5-1601 et seq.;
(D) Supplemental science, technology, engineering, and math fund grants under § 6-17-2701 et seq.;
(E) Existing programs of the commission authorized under § 15-3-101 et seq., § 15-3-201 et seq., the Arkansas Research Alliance Act, § 15-3-301 et seq., and § 15-3-401 et seq.;
(F) Arkansas Technical Careers Student Loan Forgiveness Program, § 6-50-201; and
(G) Any other programs or activities aimed at the creation of knowledge-based and high-technology jobs.
(3) In consultation with members of the Arkansas Research Alliance, the Chief Executive Officer of the Arkansas Research Alliance may solicit input, advice, or counsel from any group or individual concerning a policy or funding decision of the Arkansas Research Alliance, including without limitation Accelerate Arkansas, Innovate Arkansas, and Connect Arkansas.
Section: Previous 15-3-502 15-3-503 15-3-505 NextLast modified: November 15, 2016