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, state agencies shall accelerate payment to minority vendors and women-owned vendors to preclude accounts receivable problems of minority business enterprises and women-owned business enterprises caused by the State of Arkansas.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 4 - Development Of Business And Industry Generally
Subchapter 3 - Minority and Women-Owned Business Economic Development Act
§ 15-4-302. Purpose — Goals — Notice
§ 15-4-307. Minority and Women-owned Business Advisory Council
§ 15-4-310. Minority and women-owned business officer
§ 15-4-311. Annual minority and women-owned purchasing plan
§ 15-4-312. State agencies to submit reports
§ 15-4-313. Accelerated payments
§ 15-4-314. Minority business enterprises and women-owned business enterprises certification process