§ 15-3-303 — Definitions

As used in this subchapter: (1) "Job-creating research" means basic and applied laboratory research that may reasonably be expected to lead to the creation of knowledge-based and high-technology jobs in Arkansas; (2) "Knowledge-based and high-technology jobs" means employment opportunities in positions that pay more than one and seventy-five hundredths (1.75) times the average annual wage in the state according to the most recent data available; (3) "Research alliance" means the collaborative functions of research universities for the purpose of: (A) Enhancing research infrastructure; (B) Increasing the number of talented researchers at research universities; and (C) Expanding knowledge-based and high-technology job-creating research activities; (4) "Research infrastructure" means the equipment, buildings, information technology connectivity, and software of research universities within which talented researchers conduct their work; and (5) "Research university" means any university campus in Arkansas that receives significant federal funding of job-creating research.

Legislative History

Acts 2007, No. 563, § 1.