(a) Enforcement of each of the recapture provisions under § 15-4-3607 is subject to a six-month cure period.
(b) Recapture shall not occur until the Arkansas Economic Development Commission has given the qualified community development entity written notice of its noncompliance and has afforded the qualified community development entity six (6) months from the date of the notice to cure the noncompliance.
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 36 - New Markets Jobs Act of 2013
§ 15-4-3603. New market tax credit
§ 15-4-3605. Certification of qualified equity investments
§ 15-4-3608. Cure period — Notice of noncompliance
§ 15-4-3609. Refundable performance fee