The Arkansas Economic Development Commission shall administer this subchapter and in addition to powers and duties mentioned in other laws may:
(1) Promulgate rules and regulations in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq., necessary to carry out the provisions of this subchapter;
(2) Provide the Department of Finance and Administration with a copy of each financial incentive agreement entered into by the commission with each qualifying business;
(3) Assist the governing authority in obtaining assistance from any other agency of state government, including assistance to new businesses and industries;
(4) Assist any employer or prospective employer with a qualifying project in obtaining the benefits of any incentive or inducement program authorized by state law;
(5) Act as a liaison between other state agencies and businesses and industries to ensure that both the spirit and intent of this subchapter are met;
(6) Make disbursements from the Economic Development Incentive Fund to qualified businesses as authorized in § 15-4-2707; and
(7) Negotiate proposals on behalf of the state with prospective businesses that are considering locating new facilities or expanding existing facilities that would seek the benefits of § 15-4-2706(b) or (e), § 15-4-2707, § 15-4-2708(c), or § 15-4-2709.
Section: Previous 15-4-2702 15-4-2703 15-4-2704 15-4-2705 15-4-2706 15-4-2707 15-4-2708 15-4-2709 15-4-2710 15-4-2711 15-4-2712 15-4-2714 NextLast modified: November 15, 2016