Title 15 — Natural Resources and Economic Development
42 chapters · 1,687 sections in this title.
Ark. Code Ann. § 15-3-101 Definitions
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(1) As used in this subchapter:(1) “Applied research” means any activity which seeks to utilize, synthesize, or apply existing knowledge, information, or resources to the resolution of a specified problem, question, or issue;(2) “Basic research” means any original investigation f…
Ark. Code Ann. § 15-3-102 Construction
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(a) This subchapter shall be liberally construed to accomplish the intent and purpose thereof and shall be the sole authority required for the accomplishment of such purposes. (b) To this end, it shall not be necessary for the Division of Science and Technology of the Arkansas Ec…
Ark. Code Ann. § 15-3-103 Establishment of division
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There is established for the State of Arkansas the Division of Science and Technology of the Arkansas Economic Development Commission, which shall have the powers, functions, and duties, as provided in this subchapter, to be the instrumentality of this state to exert leadership i…
Ark. Code Ann. § 15-3-104 Members
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(a) The Secretary of the Department of Commerce shall be advised by fourteen (14) directors, who together shall serve as the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission. (b) Directors shall be legal residents of the…
Ark. Code Ann. § 15-3-105 Organization
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Directors of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission shall annually elect from their membership one (1) member as chair, one (1) member as vice chair, and one (1) member as secretary.
Ark. Code Ann. § 15-3-106 Executive committee
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(a) The directors of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission shall establish an Executive Committee of the Division of Science and Technology of the Arkansas Economic Development Commission, to be composed o…
Ark. Code Ann. § 15-3-107 Meetings
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(a) The Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission shall meet at least one (1) time during each calendar quarter and at such other times as may be provided in the rules of the Arkansas Economic Development Commissi…
Ark. Code Ann. § 15-3-108 Nature, powers, and duties generally
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(a) The Division of Science and Technology of the Arkansas Economic Development Commission shall be a body corporate and politic, having the powers and jurisdiction hereinafter enumerated and additional powers as conferred upon it by the General Assembly, the Director of the Arka…
Ark. Code Ann. § 15-3-109 Power to carry out programs
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(a) In relation to the authorization under this subchapter to engage in undertakings, programs, enterprises, and activities involving research and development and other programs involving the establishment and encouragement of scientific and technological research, the Director o…
Ark. Code Ann. § 15-3-110 Power to promote basic and applied research at Arkansas colleges and universities
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(a) The Director of the Arkansas Economic Development Commission may make such rules as he or she may deem appropriate to enable him or her to create and fund programs designed to promote basic research and applied research at Arkansas colleges and universities and to develop tec…
Ark. Code Ann. § 15-3-111 Additional powers
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The Director of the Arkansas Economic Development Commission shall have such additional powers and duties as may be hereafter delegated to or imposed upon him or her from time to time by the General Assembly.
Ark. Code Ann. § 15-3-112 Prohibition on personal interest in contracts
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(a) No director, officer, or employee of the Division of Science and Technology of the Arkansas Economic Development Commission or of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission, for purpose of personal gain, sh…
Ark. Code Ann. § 15-3-113 Studies, planning, and recommendations — Cooperation with other agencies
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(a) The Division of Science and Technology of the Arkansas Economic Development Commission shall, from time to time, make studies and develop plans and programs in the sciences and technologies to support industrial development in certain areas of research and development. (b) Th…
Ark. Code Ann. § 15-3-114 Use of land, buildings, or facilities for science and high technology
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The Arkansas Economic Development Commission, with the advice of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission, is authorized to own, acquire, construct, reconstruct, extend, equip, improve, operate, maintain, sel…
Ark. Code Ann. § 15-3-115 Pledging of credit
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The Division of Science and Technology of the Arkansas Economic Development Commission shall not pledge the credit of the State of Arkansas or any of its revenues, except by the authority granted to it by the General Assembly and upon approval of the electors of this state as may…
Ark. Code Ann. § 15-3-116 Deposit of moneys — Audit
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(a) All moneys coming into the hands of the Division of Science and Technology of the Arkansas Economic Development Commission shall be deposited into one (1) or more financial institutions selected by the Director of the Arkansas Economic Development Commission with the advice o…
Ark. Code Ann. § 15-3-117 Use of revenues — Assistance to minority businesses
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(a) The Arkansas Economic Development Commission is authorized to use any available revenues for the accomplishment of the purposes set forth in this subchapter. (b) In carrying out the purposes set forth in this subchapter, the commission will assist minority businesses in obtai…
Ark. Code Ann. § 15-3-122 Purchase of qualified securities — Prerequisites — Advisory committees
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(a) The Arkansas Economic Development Commission may utilize moneys as appropriated by the General Assembly to purchase qualified securities issued by enterprises as a part of a scientific and technological project for the purpose of raising the initial capitalization for such sc…
Ark. Code Ann. § 15-3-123 Annual report
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Unless and until otherwise provided, the Arkansas Economic Development Commission shall make an annual report to the Governor and to both houses of the General Assembly setting forth in detail the operations and transactions conducted by it pursuant to this subchapter and any oth…
Ark. Code Ann. § 15-3-130 Centers for applied technology — Definition
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For the purposes of this section and §§ 15-3-131 — 15-3-134, “center for applied technology” or “center” means a college or university or university-affiliated unit, or a consortium of such units, which conducts a continuing program of basic research and applied research, develop…
Ark. Code Ann. § 15-3-131 Centers for applied technology — Authority to designate
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In order to encourage greater collaboration between private enterprises and Arkansas colleges and universities in the development and application of new technologies, the Arkansas Economic Development Commission may designate technological areas as having significant potential fo…
Ark. Code Ann. § 15-3-132 Centers for applied technology — Criteria — Designation
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(a) The Division of Science and Technology of the Arkansas Economic Development Commission shall:(1) Identify technological areas for which centers for applied technology should be designated, including, but not limited to, technological areas that are related to enterprises with…
Ark. Code Ann. § 15-3-133 Centers for applied technology — Advisory committees
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(a) In carrying out its functions under this section and §§ 15-3-130 — 15-3-132 and 15-3-134, the Division of Science and Technology of the Arkansas Economic Development Commission may create such advisory committees as may be useful in evaluating potential technological areas an…
Ark. Code Ann. § 15-3-134 Centers for applied technology — Disposition of funds
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Any moneys lawfully available to the Arkansas Economic Development Commission for the purpose of creating centers for applied technology may be used for the purchase of equipment and fixtures, employment of faculty and support staff, provision of graduate fellowships, and other p…
Ark. Code Ann. § 15-3-135 Promotion of scientific, medical, and technological jobs and infrastructure enhancements — Definition
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(a) As used in this section, “qualified medical company” means a corporation engaged in:(1) Research and development in the medical field; and(2) Manufacture and distribution of medical products, including therapeutic and diagnostic products. (1) Research and development in the m…
Ark. Code Ann. § 15-3-201 Legislative intent
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A national ranking of Arkansas's research performance in comparison with other states places our state forty-ninth. In order to be competitive in our economic and educational endeavors, it is critical that our research capabilities be upgraded. To be competitive will require a co…
Ark. Code Ann. § 15-3-202 Creation
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(a) There is created the Arkansas Research Matching Fund. (b) The fund shall be administered by the Arkansas Economic Development Commission and shall be for the benefit of colleges and universities located within the State of Arkansas. (c) In order to qualify for the research mo…
Ark. Code Ann. § 15-3-203 Administration
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(a) In order to obtain moneys from the Arkansas Research Matching Fund:(1) A college or university may provide the Arkansas Economic Development Commission with the research grant proposal for federal funds submitted with a letter of intent to apply for a match to one (1) of the …
Ark. Code Ann. § 15-3-204 Disbursement of funds
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(a) The matching funds authorized by this subchapter are to be used primarily to attract federal funds to the state for basic and strategic research. (b) The Director of the Arkansas Economic Development Commission, with the advice of the Board of Directors of the Division of Sci…
Ark. Code Ann. § 15-3-205 Funds for match
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(1) Funds used under the provisions of this subchapter shall adhere to the following criteria:(1) Be used for the purposes of matching an approved grant from an eligible federal agency, limited to the following:(A) The National Science Foundation;(B) The National Institutes of He…
Ark. Code Ann. § 15-3-206 Reporting
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The Arkansas Economic Development Commission shall present to the Governor's office and the General Assembly a report on the investment from the Arkansas Research Matching Fund by April 1 of each even-numbered year.
Ark. Code Ann. § 15-3-207 Prohibition
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None of the moneys appropriated by the General Assembly for the Arkansas Research Matching Fund shall be used for the construction of new facilities.
Ark. Code Ann. § 15-3-208 Rules
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The Arkansas Economic Development Commission has the authority to establish guidelines by which eligible institutions might access research funds created by this subchapter through the promulgation of administrative rules in accordance with the Arkansas Administrative Procedure A…
Ark. Code Ann. § 15-3-301 Title
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This subchapter shall be known and may be cited as the “Arkansas Research Alliance Act”.
Ark. Code Ann. § 15-3-302 Legislative intent
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(1) The General Assembly finds:(1) Economic growth and development in Arkansas in the twenty-first century are indisputably tied to the success of research centers and institutions in incubating high-tech industry;(2) The critical success factors of research institutions are avai…
Ark. Code Ann. § 15-3-303 Definitions
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(1) As used in this subchapter:(1) “Job-creating research” means basic and applied laboratory research that may reasonably be expected to lead to the creation of knowledge-based and high-technology jobs in Arkansas;(2) “Knowledge-based and high-technology jobs” means employment o…
Ark. Code Ann. § 15-3-304 Collaboration of Arkansas Economic Development Commission with research universities and private business sector representatives
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(a) The Arkansas Economic Development Commission may work with the chancellors and presidents of research universities and the private business sector to support collaborations establishing a research alliance for the purpose of improving the economy of the state through:(1) Impr…
Ark. Code Ann. § 15-3-305 Areas of collaboration
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(1) The Arkansas Economic Development Commission may recommend that a research alliance under this subchapter:(1) Identify specific areas where scientific research and technological investigation may contribute to the creation and growth of knowledge-based and high-technology job…
Ark. Code Ann. § 15-3-306 Contracting with research alliance
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(a) In order to assist a research alliance in achieving the objectives identified in § 15-3-305, the Arkansas Economic Development Commission may contract with a research alliance or any nonprofit organization recommended by a research alliance for activities consistent with the …
Ark. Code Ann. § 15-3-401 Legislative intent
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(1) It is the intent of the General Assembly:(1) To assist growing, technology-based enterprises by:(A) Attracting and retaining highly trained science and engineering postdoctoral graduates by encouraging the establishment of career opportunities within the State of Arkansas;(B)…
Ark. Code Ann. § 15-3-402 Application for funding
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(a) The Arkansas Economic Development Commission shall make available forms upon which a business eligible for a grant under § 15-3-403 may apply for a grant to support the hiring of postdoctoral science and engineering graduates to work in areas of their expertise in Arkansas. (…
Ark. Code Ann. § 15-3-403 Eligibility for grants
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(1) To qualify for a grant authorized under § 15-3-404, a business shall:(1) Have operations within the State of Arkansas that are in one (1) of the six (6) categories of targeted businesses identified in § 15-4-2703(39);(2) Pay average hourly wages in excess of one hundred ten p…
Ark. Code Ann. § 15-3-404 Authorization of grants
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(a) If an applicant meets the requirements of § 15-3-403, the applicant shall be placed in one (1) of the following four (4) levels and be eligible for a grant for up to five (5) years:(1) (A) An eligible business with a payroll in excess of ten million dollars ($10,000,000) is e…
Ark. Code Ann. § 15-3-405 Rules
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(a) The Arkansas Economic Development Commission, through the promulgation of rules in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq., shall establish procedures consistent with this subchapter to carry out the intent of this legislation. (b) The c…
Ark. Code Ann. § 15-3-501 Title
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This subchapter shall be known and may be cited as the “Arkansas Acceleration Fund Act”.
Ark. Code Ann. § 15-3-502 Legislative intent
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(a) The General Assembly finds that in October 2008 the Arkansas Task Force for the 21st Century Economy found and recommended that:(1) Education, research and development, entrepreneurship, risk capital, existing business innovation, and cyberinfrastructure are the most critical…
Ark. Code Ann. § 15-3-503 Advice and recommendations
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(a) The Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission shall advise the Governor, the General Assembly, the Arkansas Economic Development Commission, and other agencies responsible for programs enumerated in subsection…
Ark. Code Ann. § 15-3-504 [Repealed.]
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A.C.A. § 15-3-504Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 15-3-505 [Repealed.]
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A.C.A. § 15-3-505Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 15-3-601 Title
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This subchapter shall be known and may be cited as the “Arkansas Business and Technology Accelerator Act”.