Arkansas § 15-3-705 Eligibility

Arkansas Statutes

§ 15-3-705 — Eligibility

Arkansas § 15-3-705

Title15

This text of Arkansas § 15-3-705 (Eligibility) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 15-3-705 (2026).

Text

(a)To be eligible for a matching grant under this subchapter, an applicant shall:

(1)Be an eligible business; and (2) Certify that:

(A)The eligible business:

(i)For Phase I applications, has received a Small Business Innovation Research grant from a sponsoring agency in response to a specific federal solicitation; or (ii) For Phase II applications, has:

(a)Submitted a final Phase I report to the sponsoring agency;

(b)Demonstrated that the sponsoring agency has interest in the Phase II proposal; and (c) Submitted a Phase II proposal to the sponsoring agency; and (B) All federal Small Business Innovation Research grant requirements will be met.

(b)An eligible business awarded a matching grant under this subchapter shall:

(1)Remain in Arkansas for the duration of the matching grant pr

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(a) To be eligible for a matching grant under this subchapter, an applicant shall: (1) Be an eligible business; and (2) Certify that: (A) The eligible business: (i) For Phase I applications, has received a Small Business Innovation Research grant from a sponsoring agency in response to a specific federal solicitation; or (ii) For Phase II applications, has: (a) Submitted a final Phase I report to the sponsoring agency; (b) Demonstrated that the sponsoring agency has interest in the Phase II proposal; and (c) Submitted a Phase II proposal to the sponsoring agency; and (B) All federal Small Business Innovation Research grant requirements will be met. (b) An eligible business awarded a matching grant under this subchapter shall: (1) Remain in Arkansas for the duration of the matching grant project; (2) Designate an Arkansas resident or employee as the principal investigator/project manager during the duration of the matching grant; and (3) Be principally engaged in one (1) or more of the following targeted business activities: (A) Advanced materials and manufacturing systems; (B) Agriculture, food, and environmental sciences; (C) Biotechnology, bioengineering, and life sciences; (D) Information technology; (E) Transportation logistics; and (F) Bio-based products.