Arkansas § 14-176-103 Authorization for obtaining and appropriating money

Arkansas Statutes

§ 14-176-103 — Authorization for obtaining and appropriating money

(a)A municipality or county may obtain or appropriate money for a corporation, association, institution, political subdivision of the state, the United States Government, or an individual to:

(1)Finance economic development projects; or (2) Provide economic development services.

(b)Funds appropriated by a municipality or county under the authority of this section shall be deemed to further the public purpose of economic development.

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(a) A municipality or county may obtain or appropriate money for a corporation, association, institution, political subdivision of the state, the United States Government, or an individual to: (1) Finance economic development projects; or (2) Provide economic development services. (b) Funds appropriated by a municipality or county under the authority of this section shall be deemed to further the public purpose of economic development.

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