Arkansas Code Title 15, Subtitle 1, Chapter 3, Subchapter 1 - Division of Science and Technology of the Arkansas Economic Development Commission

• § 15-3-101 - Definitions.
  As used in this chapter: (1) "Applied research" means any activity which seeks to utilize, synthesize, or apply existing knowledge, information, or resources to...
• § 15-3-102 - Construction.
  (a) This chapter shall be liberally construed to accomplish the intent and purpose thereof and shall be the sole authority required for the accomplishment...
• § 15-3-103 - Establishment of the Division.
  There is established for the State of Arkansas the Division of Science and Technology of the Arkansas Economic Development Commission, which shall have the...
• § 15-3-104 - Members.
  (a) The Executive Director of the Arkansas Economic Development Commission shall be advised by fourteen (14) directors, who together shall serve as the Board...
• § 15-3-105 - Organization.
  (a) Directors of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission shall annually elect from...
• § 15-3-106 - Executive Committee.
  (a) The directors shall establish an Executive Committee of the Division of Science and Technology of the Arkansas Economic Development Commission, to be composed...
• § 15-3-107 - Meetings.
  (a) The Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission shall meet at least one (1)...
• § 15-3-108 - Nature, Powers, and Duties Generally.
  (a) The Division of Science and Technology of the Arkansas Economic Development Commission shall be a body corporate and politic, having the powers and...
• § 15-3-109 - Power to Carry Out Programs.
  (a) In relation to the authorization under this chapter to engage in undertakings, programs, enterprises, and activities involving research and development and other programs...
• § 15-3-110 - Power to Promote Basic and Applied Research At Arkansas Colleges and Universities.
  (a) The Executive Director of the Arkansas Economic Development Commission may make such rules and regulations as he or she may deem appropriate to...
• § 15-3-111 - Additional Powers.
  The Executive Director of the Arkansas Economic Development Commission shall have such additional powers and duties as may be hereafter delegated to or imposed...
• § 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...
• § 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...
• § 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...
• § 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...
• § 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 in...
• § 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)...
• § 15-3-118 -- 15-3-121 - [Repealed.]
• § 15-3-122 - Purchase of Qualified Securities -- Prerequisites -- Advisory Committees.
  (a) The Arkansas Economic Development Commission may utilize the investment fund to purchase qualified securities issued by enterprises as a part of a scientific...
• § 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...
• § 15-3-124 -- 15-3-129 - [Reserved.]
• § 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...
• § 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...
• § 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 should be designated,...
• § 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...
• § 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...
• § 15-3-135 - Promotion of Scientific, Medical, and Technological Jobs and Infrastructure Enhancements.
  (a) As used in this section, the term "qualified medical company" means a corporation engaged in: (1) Research and development in the medical field;...

Last modified: November 15, 2016