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Arkansas Statutes, Title 14

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Arkansas/Statutes

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Title 14, Local Government

192 chapters · 4,300 sections in this title.

All chapters in Title 144,300 Ch 164, Industrial Development Bonds144 Ch 14, County Government Code135 Ch 169, Housing Authorities And Urban Renewa…120 Ch 120, Drainage and Levee Improvement Distr…119 Ch 121, Drainage Improvement Districts Generally111 Ch 54, Powers of Municipalities Generally92 Ch 234, Waterworks and Water Supply92 Ch 86, General Provisions89 Ch 125, Conservation Districts Law81 Ch 90, Assessments by Municipal Improvement…72 Ch 284, Fire Protection Districts71 Ch 15, Officers69 Ch 201, Municipal Boards And Commissions67 Ch 92, Suburban Improvement Districts59

13 sections·Filtered byTitle 14✕Ch 176✕

Ark. Code Ann. § 14-176-101 Title
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This chapter shall be known and may be cited as the “Local Job Creation, Job Expansion, and Economic Development Act of 2017”.
Ark. Code Ann. § 14-176-102 Definitions
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(1) As used in this chapter:(1) “Chief executive” means the:(A) Mayor, city administrator, or city manager of a municipality; or(B) County judge of a county;(2) (A) “County” means a county in the State of Arkansas.(B) “County” does not mean a public corporation for economic devel…
Ark. Code Ann. § 14-176-103 Authorization for obtaining and appropriating money
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(a) A municipality or county may obtain or appropriate money for a corporation, association, institution, political subdivision of the state, the United States Government, or an individual to:(1) Finance economic development projects; or(2) Provide economic development services. …
Ark. Code Ann. § 14-176-104 Economic development projects — Controls, restrictions, prohibitions, and recapture
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(a) (1) Before entering into a contract for an economic development project, the governing body shall review and approve an economic impact and cost-benefit analysis of the economic development project.(2) The economic impact and cost-benefit analysis under subdivision (a)(1) of …

Ark. Code Ann. § 14-176-105 Economic development services — Controls, restrictions, and prohibitions

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(a) Economic development service contracts shall:(1) Be approved by the governing body in ordinance or resolution form after following applicable bidding, procurement, and professional services procedures in accordance with state law or local ordinance;(2) Be recorded in writing;…

Ark. Code Ann. § 14-176-106 Tax exemption

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Contracts, agreements, and actions taken under this chapter do not affect the tax-exempt status of the state or any municipality or county engaged in work under this chapter.

Ark. Code Ann. § 14-176-107 Immunity and liability

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(a) Section 21-9-301 et seq. applies to this chapter. (b) A municipality or county is not liable for any action related to the providing of, or contractual agreement to enter into, an economic development project or economic development service, except as provided by law.

Ark. Code Ann. § 14-176-108 Limitation on budget — Due diligence

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(a) Except as provided in this section, appropriations for economic development projects by a governing body under this chapter shall not exceed in a fiscal year five percent (5%) of the total of the municipality's or county's unobligated general revenue and reserves of the previ…

Ark. Code Ann. § 14-176-109 Singular contract methodology

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A municipality or county may engage the services of a singular entity to administer economic development projects and economic development services under this chapter.

Ark. Code Ann. § 14-176-110 Bonds

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(1) This chapter does not prohibit or restrict the use of funding economic development projects through the proceeds of:(1) Revenue bonds issued in accordance with Arkansas Constitution, Amendment 65; or(2) Capital improvement or economic development bonds issued in accordance wi…

Ark. Code Ann. § 14-176-111 Federal and state grants

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The use of federal and state grants is excluded from the restrictions and limitations of this chapter.

Ark. Code Ann. § 14-176-112 Interlocal agreements

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The use of interlocal agreements under the Interlocal Cooperation Act, § 25-20-101 et seq., is excluded from the restrictions and limitations of this chapter.

Ark. Code Ann. § 14-176-113 Current economic development projects

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Economic development projects that are under way on January 1, 2017, are exempt from the restrictions and limitations of this chapter.