The corporation, the corporation's board of directors, officers, employees and agents, the local government approving the organization of a corporation, members of the governing body of the local government, and employees of the local government are not liable for damages arising from the performance of a governmental function of the corporation or local government.
Limitation on liability
Ark. Code Ann. § 14-175-114, under Public Corporations for Economic Development Act.
Ark. Code Ann. § 14-175-114