Arkansas Code Title 15, Subtitle 1, Chapter 4, Subchapter 18 - Major Industry Facilities Incentive Act
§ 15-4-1801 - Title.
This subchapter shall be known as the "Major Industry Facilities Incentive Act".
§ 15-4-1802 - Definitions.
As used in this subchapter: (1) "Bonds" means revenue bonds or general obligation bonds; (2) "Eligible facility" means any facility owned by any state...
§ 15-4-1804 - Application -- Contents.
(a) All applications for state assistance under this subchapter shall be in writing and shall describe: (1) The eligible facilities; (2) The financing thereof;...
§ 15-4-1805 - Application -- Hearings.
(a) After reviewing the application and upon reasonable notice to the applicant, the State Board of Finance shall hold a public hearing on the...
§ 15-4-1807 - State Assistance.
(a) If the application is approved, the State Board of Finance shall fix the amount of state assistance to the state agency or political...
§ 15-4-1809 - Payments.
(a) Payments of state assistance to state agencies and political subdivisions under this subchapter shall be made by remitting them directly to the trustee...
§ 15-4-1810 - Suspension of Local Tax.
Any state agency or political subdivision entering into an agreement pursuant to this subchapter may provide for suspension, in whole or in part, of...