(a) Each research park authority may lease its research park facilities and all or any part of its appurtenances and facilities to any available lessee at a rental and upon such terms and conditions as the authority deems proper.
(b) Leases shall be for some purpose associated with research or economic development activities that serve to build the local, regional, and state economies.
Structure Arkansas Code
Subtitle 8 - Public Facilities Generally
Chapter 144 - Research Park Authority Act
§ 14-144-301. Issuance of revenue bonds — Authorization
§ 14-144-302. Issuance of revenue bonds — Resolution of research park authority — Nature of bonds
§ 14-144-303. Issuance of revenue bonds — Indenture
§ 14-144-304. Issuance of revenue bonds — Price and manner sold
§ 14-144-305. Issuance of revenue bonds — Execution
§ 14-144-306. Issuance of revenue bonds — Obligation of research park authority
§ 14-144-307. Issuance of revenue bonds — Refunding bonds
§ 14-144-308. Issuance of revenue bonds — Mortgage lien
§ 14-144-309. Issuance of revenue bonds — Default
§ 14-144-310. Agreements to obtain funds
§ 14-144-311. Exemption from taxation
§ 14-144-312. Use of surplus funds
§ 14-144-313. Public and private contributions
§ 14-144-314. Accounts and reports
§ 14-144-315. County, municipal, and state participation