(a) The Arkansas Economic Development Commission shall require audits of all accounts related to construction, operation, or maintenance of any qualified Amendment 82 project funded by this subchapter.
(b) The Arkansas Economic Development Commission is responsible for monitoring and reporting to the Arkansas Development Finance Authority, the Governor, and the General Assembly on the ongoing economic impact of the project and the sponsor's progress in meeting the terms and conditions under the Amendment 82 agreement and this subchapter.
(c) The Arkansas Economic Development Commission and the authority, as applicable, shall require the sponsor to comply with all reporting and auditing requirements of the United States Securities and Exchange Commission or other state or federal regulatory agency that may have jurisdiction over the sponsor.
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 32 - Arkansas Amendment 82 Implementation Act
§ 15-4-3203. Amendment 82 project qualification
§ 15-4-3204. Amendment 82 agreement
§ 15-4-3206. Compliance time period — Audit requirements
§ 15-4-3208. Amendment 82 bonds
§ 15-4-3210. Authorization of bonds
§ 15-4-3211. Form and delivery of bonds
§ 15-4-3212. Sale and price of bonds
§ 15-4-3213. Deposit of bond proceeds
§ 15-4-3214. General obligation bonds
§ 15-4-3215. Annual determination of moneys required for bond repayment
§ 15-4-3216. Exemption from taxes — Eligible to secure deposits — Legal for investment
§ 15-4-3218. Contractual obligations of state — Enforcement
§ 15-4-3219. No rights until first series of bonds sold and delivered — Outstanding bonds unaffected
§ 15-4-3220. Legal actions heard as preferred cause — Appeals
§ 15-4-3221. Monitoring and reporting