Arkansas § 15-3-703 Definitions

Arkansas Statutes

§ 15-3-703 — Definitions

As used in this subchapter:

(1)"Eligible business" means a for-profit business that:

(A)Is registered as a business entity in good standing with the Secretary of State; and (B) Has its principal place of business in Arkansas;

(2)"Matching grant" means a discretionary grant of up to fifty percent (50%) of the amount of a federal Small Business Innovation Research grant for each approved matching grant application;

(3)"Principal investigator/project manager" means the primary individual designated by an eligible business to provide the scientific and technical direction to a project supported by a matching grant; and (4) "Small Business Innovation Research Program" means the federal program administered by the United States Small Business Administration according to regulations adopted p

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As used in this subchapter: (1) "Eligible business" means a for-profit business that: (A) Is registered as a business entity in good standing with the Secretary of State; and (B) Has its principal place of business in Arkansas; (2) "Matching grant" means a discretionary grant of up to fifty percent (50%) of the amount of a federal Small Business Innovation Research grant for each approved matching grant application; (3) "Principal investigator/project manager" means the primary individual designated by an eligible business to provide the scientific and technical direction to a project supported by a matching grant; and (4) "Small Business Innovation Research Program" means the federal program administered by the United States Small Business Administration according to regulations adopted pursuant to 15 U.S.C. § 638 , as it existed on October 1, 2016, which provides funds for Phase I and Phase II Small Business Innovation Research grants through participating federal agencies.

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