(a) A board of directors of a regional economic development partnership may terminate the regional economic development partnership upon a majority vote of the board of directors.
(b) Notice of the intent to terminate a regional economic development partnership shall be sent to the Arkansas Economic Development Commission at least thirty (30) days before a board of directors votes on the termination of a regional economic development partnership.
(c) Upon the termination of a regional economic development partnership, the board of directors of the regional economic development partnership shall remit any unspent state funds to the commission within sixty (60) days of the notice to terminate the regional economic development partnership.
Section: Previous 15-4-3402 15-4-3403 15-4-3404 15-4-3405 15-4-3406 15-4-3407 15-4-3408 15-4-3409 15-4-3410 15-4-3411 15-4-3412 NextLast modified: November 15, 2016