Title 15 — Natural Resources and Economic Development
42 chapters · 1,687 sections in this title.
Ark. Code Ann. § 15-4-2710 Powers and duties of Arkansas Economic Development Commission
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(1) 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 pr…
Ark. Code Ann. § 15-4-2711 Administration. [Effective until tax years beginning on or after January 1, 2026.]
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(a) A person claiming an incentive under this subchapter is a “taxpayer” within the meaning of § 26-18-104 and is subject to all applicable provisions of § 26-18-104. (b) Administration of § 15-4-2706(c) shall be under the Arkansas Tax Procedure Act, § 26-18-101 et seq., and the …
Ark. Code Ann. § 15-4-2712 Restrictions. [Effective until tax years beginning on or after January 1, 2026.]
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(a) Except as provided in subsection (b) of this section, the incentives established by this subchapter may be combined. (b) (1) The investment tax credit authorized in § 15-4-2706(c) shall not be combined with the sales and use tax refund authorized in § 15-4-2706(d) for the sam…
Ark. Code Ann. § 15-4-2713 [Repealed.]
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A.C.A. § 15-4-2713Current 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. § 15-4-2714 [Repealed.]
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A.C.A. § 15-4-2714Current 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. § 15-4-2801 Title
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This subchapter shall be known and may be cited as the “Biodiesel Incentive Act”.
Ark. Code Ann. § 15-4-2802 Definitions
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(1) As used in this subchapter:(1) “Biodiesel fuel” means a diesel fuel substitute produced from nonpetroleum renewable resources that meets the registration requirements for fuels and fuel additives established under the Energy Policy Act of 1992, 42 U.S.C. §§ 13211—13219, as in…
Ark. Code Ann. § 15-4-2803 Tax credit for biodiesel suppliers
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(a) There shall be allowed a credit against the income tax imposed by the Income Tax Act of 1929, § 26-51-101 et seq., in an amount as determined in subsection (b) of this section to a biodiesel supplier for the cost of the facilities and equipment used directly in the wholesale …
Ark. Code Ann. § 15-4-2804 [Repealed.]
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A.C.A. § 15-4-2804Current 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. § 15-4-2805 [Repealed.]
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A.C.A. § 15-4-2805Current 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. § 15-4-2901 [Repealed.]
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A.C.A. § 15-4-2901Current 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. § 15-4-3001 Title
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This subchapter may be referred to and cited as the “Arkansas General Obligation Economic Development Superprojects Bond and Project Funding Act”.
Ark. Code Ann. § 15-4-3002 Legislative findings
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(1) The General Assembly finds that:(1) Independent studies have confirmed that the State of Arkansas and its people have not been able to participate in and enjoy the economic development benefits to be gained from the location in Arkansas of a superproject, as have many other s…
Ark. Code Ann. § 15-4-3003 Definitions
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(1) As used in this subchapter:(1) “Authority” means the Arkansas Development Finance Authority and any successor agency or department;(2) “Bonds” means bonds issued under this subchapter;(3) “Commission” means the Arkansas Economic Development Commission;(4) “Debt service” means…
Ark. Code Ann. § 15-4-3004 Authority to issue bonds
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(a) (1) The Arkansas Development Finance Authority, exercising an essential public function as the State of Arkansas's bond-issuing authority, is authorized by this subchapter to issue bonds to fund superprojects.(2) The authority shall be responsible for developing the bond fina…
Ark. Code Ann. § 15-4-3005 State of Arkansas Economic Development General Obligation Bonds
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(a) The Arkansas Development Finance Authority may issue bonds of the State of Arkansas, to be known as “State of Arkansas Economic Development General Obligation Bonds”, in total principal amount not to exceed four hundred million dollars ($400,000,000) for the purposes authoriz…
Ark. Code Ann. § 15-4-3006 Qualification as superproject
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(a) (1) To qualify as a superproject, the investment and job creation requirements must be attained no later than the eighth year after the project first begins operations unless the eight-year period is extended by the Arkansas Economic Development Commission.(2) The commission …
Ark. Code Ann. § 15-4-3007 Series of bonds
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(a) The bonds shall be issued in series in amounts sufficient to finance or refinance all or any part of a superproject's costs, with the respective series to be designated in alphabetical order or by the year in which issued, or both. (b) Each series of bonds shall have such dat…
Ark. Code Ann. § 15-4-3008 Purpose of bonds
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(a) Bonds shall be issued for the purpose of financing superprojects. (b) The proceeds of the bonds shall be applied:(1) To the payment of project costs and the costs and expenses of issuance of the bonds;(2) In connection with a superproject refinancing, to the repayment of inde…
Ark. Code Ann. § 15-4-3009 Authorization of bonds
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(a) (1) The bonds shall be authorized by resolution of the Arkansas Development Finance Authority.(2) Each resolution shall contain terms, covenants, and conditions as deemed desirable, including without limitation, those pertaining to:(A) The establishment and maintenance of fun…
Ark. Code Ann. § 15-4-301 Title
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This subchapter shall be known and may be cited as the “Minority and Women-Owned Business Economic Development Act”.
Ark. Code Ann. § 15-4-3010 Form and delivery of bonds
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(a) Each bond shall:(1) Be signed with the manual or facsimile signatures of the Governor, the Chair of the Board of Directors of the Arkansas Development Finance Authority, and the Treasurer of State; and(2) Have affixed, imprinted, or lithographed on the bond the Great Seal of …
Ark. Code Ann. § 15-4-3011 Sale and price of bonds
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(a) The bonds may be sold in the manner, either at public or private sale, and upon terms as determined by the Arkansas Development Finance Authority to be reasonable and expedient for effectuating the purposes of this subchapter. (b) The bonds may be sold at the price the author…
Ark. Code Ann. § 15-4-3012 Deposit of bond proceeds
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(a) The proceeds from the sale of the bonds, together with all revenues derived by the Arkansas Development Finance Authority from any superproject financed or refinanced under this subchapter shall be deposited by the recipient, as received, into trust funds either established i…
Ark. Code Ann. § 15-4-3013 Powers of Arkansas Economic Development Commission
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(1) In addition to powers conferred under other laws, the Arkansas Economic Development Commission may take any action necessary to carry out the purposes of this subchapter, including the power to:(1) Provide loans and grants from bond proceeds or project revenues to local entit…
Ark. Code Ann. § 15-4-3014 General obligations bonds
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(a) The bonds shall be direct general obligations of the state for the payment of debt service on which the full faith and credit of the state are irrevocably pledged so long as any of the bonds are outstanding. (b) The bonds shall be payable from the Economic Development Superpr…
Ark. Code Ann. § 15-4-3015 Annual determination of moneys required for bond repayment
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(a) (1) On or before commencement of each fiscal year, the Chief Fiscal Officer of the State shall determine the estimated amount required for payment of all or a part of the debt service on the bonds issued during the fiscal year and deduct therefrom the estimated moneys to be a…
Ark. Code Ann. § 15-4-3016 Exemption from taxes
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(a) All bonds issued under this subchapter and interest on the bonds are exempt from all state and local taxes. (b) The bonds shall be eligible to secure deposits of all public funds and shall be legal for investment of bank, fiduciary, insurance company, trust, and public funds.…
Ark. Code Ann. § 15-4-3017 Refunding bonds
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(a) (1) Bonds may be issued under this subchapter for the purpose of refunding any outstanding bonds issued pursuant to this subchapter.(2) The Arkansas Development Finance Authority shall not be required to include bonds issued pursuant to this section in any written plan submit…
Ark. Code Ann. § 15-4-3018 Contractual obligations of state — Enforcement
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(a) This subchapter shall constitute a contract between the state and the registered owners of all bonds issued under this subchapter that shall never be impaired, and any violation of its terms, whether under purported legislative authority or otherwise, shall be enjoined by the…
Ark. Code Ann. § 15-4-3019 No rights until first series of bonds sold and delivered — Outstanding bonds unaffected
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(a) This subchapter shall not create any right of any character, and no right of any character shall arise under this subchapter unless and until the first series of bonds authorized by this subchapter are sold and delivered. (b) The issuance of bonds authorized by this subchapte…
Ark. Code Ann. § 15-4-302 Purpose — Goals — Notice
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(a) The General Assembly finds that it is the policy of the State of Arkansas to support equal opportunity as well as economic development in every sector. (b) The General Assembly recognizes that it is the purpose of this subchapter to support to the fullest all possible partici…
Ark. Code Ann. § 15-4-3020 Consent by qualified electors to issue bonds
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(a) No bonds shall be issued under this subchapter except by and with the consent of a majority of the qualified electors of the state voting on the question in substantially the form described in this section at a special election called by proclamation of the Governor. (b) The …
Ark. Code Ann. § 15-4-3021 Vote on issuance of bonds by qualified electors
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(a) If a majority of the qualified electors voting on the question vote for the issuance of the bonds, the Arkansas Development Finance Authority shall proceed with the sale and the issuance of the bonds as provided in this subchapter. (b) If a majority of the qualified electors …
Ark. Code Ann. § 15-4-3022 Legal actions heard as preferred cause — Appeals
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Any case involving the validity of this subchapter or involving the bonds issued under this subchapter shall be deemed of public interest and shall be advanced by all courts and heard as a preferred cause, and all appeals from judgments or decrees rendered in the cases must be ta…
Ark. Code Ann. § 15-4-3023 Construction
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(1) This subchapter shall:(1) Be liberally construed to accomplish its purposes;(2) Constitute the sole authority necessary to accomplish its purposes; and(3) (A) Be interpreted to supplement existing laws conferring rights and powers upon the Arkansas Development Finance Authori…
Ark. Code Ann. § 15-4-303 Definitions
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(1) As used in this subchapter:(1) (A) “Exempt” means goods and services classified as exempt for the purpose of administering this subchapter.(B) The classification shall be determined by the Office of State Procurement and the Division of Minority and Women-owned Business Enter…
Ark. Code Ann. § 15-4-304 Creation
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(1) The Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission:(1) Is established and confirmed within the Arkansas Economic Development Commission;(2) Shall be operated as a division within the commission; and(3) Shall perform th…
Ark. Code Ann. § 15-4-305 Administrator
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(a) The head of the Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission is the Administrator of the Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission. (b) The administrator…
Ark. Code Ann. § 15-4-306 Duties
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(1) The Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission shall:(1) Provide technical, managerial, and counseling services and assistance to minority business enterprises and women-owned business enterprises;(2) With the part…
Ark. Code Ann. § 15-4-307 Minority and Women-owned Business Advisory Council
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(a) The Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission shall be represented by a statewide Minority and Women-owned Business Advisory Council and shall report to that council. (b) (1) The council shall consist of nine (9) …
Ark. Code Ann. § 15-4-308 Administration
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(a) The Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission and the Office of State Procurement shall serve as the principal coordinators of the initiative to ensure the successful implementation of this subchapter. (b) The div…
Ark. Code Ann. § 15-4-309 Exempt contracts
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Upon the approval of the Minority and Women-owned Business Advisory Council, the Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission and the Office of State Procurement shall determine the classifications of state contracts to …
Ark. Code Ann. § 15-4-310 Minority and women-owned business officer
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(a) Each state agency shall designate an individual as its minority and women-owned business officer. (b) The minority and women-owned business officer shall be the person within the state agency with whom the Division of Minority and Women-owned Business Enterprise of the Arkans…
Ark. Code Ann. § 15-4-311 Annual minority and women-owned purchasing plan
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(a) Prior to June 30 each year, each state agency shall submit to the Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission and the Office of State Procurement a minority and women-owned purchasing plan that shall outline the sta…
Ark. Code Ann. § 15-4-312 State agencies to submit reports
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Within fifteen (15) days of the close of each six-month period, each state agency shall submit a report to the Minority and Women-owned Business Advisory Council summing up total procurement for all state contracts, except exempt state contracts of the state agency, and the dolla…
Ark. Code Ann. § 15-4-313 Accelerated payments
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To ensure that minority business enterprises and women-owned business enterprises are not financially hindered due to delays in payment by state agencies entering into state contracts with minority business enterprises and women-owned business enterprises under this subchapter, s…
Ark. Code Ann. § 15-4-314 Minority business enterprises and women-owned business enterprises certification process
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(a) The Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission shall promulgate rules to create a certification process for minority business enterprises and women-owned business enterprises. (b) The certification process shall in…
Ark. Code Ann. § 15-4-315 Small procurements
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To assist the state in ensuring that the percentages of the total amount expended in state-funded and state-directed public construction programs and procurement of commodities and services for the state each fiscal year under § 15-4-302 are paid to minority business enterprises …
Ark. Code Ann. § 15-4-3201 Title
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This subchapter shall be known and may be cited as the “Arkansas Amendment 82 Implementation Act”.