(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.
(b) Funds appropriated by a municipality or county under the authority of this section shall be deemed to further the public purpose of economic development.
Structure Arkansas Code
Subtitle 10 - Economic Development And Tourism Generally
Chapter 176 - Local Job Creation, Job Expansion, and Economic Development Act of 2017
§ 14-176-103. Authorization for obtaining and appropriating money
§ 14-176-104. Economic development projects — Controls, restrictions, prohibitions, and recapture
§ 14-176-105. Economic development services — Controls, restrictions, and prohibitions
§ 14-176-107. Immunity and liability
§ 14-176-108. Limitation on budget — Due diligence
§ 14-176-109. Singular contract methodology
§ 14-176-111. Federal and state grants