§ 15-4-2710 — Powers and duties of the Arkansas Economic Development Commission

Arkansas § 15-4-2710

• Jurisdiction: Arkansas
• Title: 15

Text

The Arkansas Economic Development Commission shall administer this subchapter and in addition to powers and duties mentioned in other laws may: (1) Promulgate rules in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq., necessary to carry out the provisions of this subchapter; (2) Provide the Department of Finance and Administration with a copy of each financial incentive agreement entered into by the commission with each qualified business; (3) Assist the governing authority in obtaining assistance from any other agency of state government, including assistance to new businesses and industries; (4) Assist any employer or prospective employer with a qualifying project in obtaining the benefits of any incentive or inducement program authorized by state law; (5) Act as a liaison between other state agencies and businesses and industries to ensure that both the spirit and intent of this subchapter are met; (6) Make disbursements from the Economic Development Incentive Fund to qualified businesses as authorized in § 15-4-2707 ; and (7) Negotiate proposals on behalf of the state with prospective businesses that are considering locating new facilities or expanding existing facilities that would seek the incentives of the discretionary programs under this subchapter.

Legislative History

Amended by Act 2019, No. 315,§ 1075, eff. 7/24/2019. Amended by Act 2019, No. 327,§ 1, eff. 7/24/2019. Acts 2003, No. 182, § 1; 2009, No. 716, § 11.