Arkansas Code Title 15, Subtitle 1, Chapter 4, Subchapter 34 - Regional Economic Development Partnership Act
- § 15-4-3401 - Title.
This subchapter shall be known and may be cited as the "Regional Economic Development Partnership Act".
- § 15-4-3402 - Legislative Intent.
The General Assembly finds that: (1) The support of regional economic development efforts is vital to the economic health and vitality of the state;...
- § 15-4-3403 - Definitions.
As used in this subchapter: (1) "Economic development region" means a group of municipalities or counties that: (A) Includes at least two (2) counties;...
- § 15-4-3404 - Regional Economic Development Partnerships -- Board of Directors.
(a) A regional economic development partnership shall satisfy the following requirements: (1) The economic development region includes the active participation of at least two...
- § 15-4-3405 - Application.
(a) An entity shall not be recognized as a regional economic development partnership under this subchapter unless the board of directors of the entity...
- § 15-4-3406 - Termination.
(a) A board of directors of a regional economic development partnership may terminate the regional economic development partnership upon a majority vote of the...
- § 15-4-3407 - State Funding.
(a) (1) Each regional economic development partnership shall enter into an agreement with the Arkansas Economic Development Commission to receive state funds, if available....
- § 15-4-3408 - Matching Funds.
(a) A regional economic development partnership shall match the state funds allocated to the regional economic development partnership on the basis of at least...
- § 15-4-3409 - Eligible Uses of State Funds.
State funds under this subchapter shall be used only for marketing, advertising, promoting, and other activities related to implementing the strategic plan required under...
- § 15-4-3410 - Ineligible Uses of State Funds.
(a) State funds under this subchapter shall not be used for administrative costs.(b) Ineligible uses of state funds include without limitation payment for the...
- § 15-4-3411 - Annual Reports.
(a) A regional economic development partnership that receives state funding under this subchapter shall submit an annual report to the Arkansas Economic Development Commission.(b)...
- § 15-4-3412 - Administration -- Rules.
The Arkansas Economic Development Commission shall administer this subchapter and may adopt any rules necessary to implement this subchapter.
Last modified: November 15, 2016