The General Assembly finds:
(1) There is a need to strengthen and advance the infrastructure that supports and accelerates the advancement of the growth of technology-based enterprises in Arkansas;
(2) There exists a shortage of risk capital and financial assistance at the early stages of development for technology-based enterprises;
(3) An improved investment climate for early stage technology-based enterprises is expected to increase, advance, and accelerate the growth and development of technology-based enterprises in Arkansas;
(4) The ultimate goal of supporting technology-based enterprises is to convert research and development activities and early stage technology-based enterprises into viable commercial ventures; and
(5) The provision of financial investment and assistance to aid early stage technology-based enterprises is expected to strengthen the economic base of the State of Arkansas and create better paying jobs, thereby benefiting all residents of the state.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 5 - Arkansas Development Finance Authority
Subchapter 14 - Venture Capital Investment Act of 2001
§ 15-5-1404. Designated investor group
§ 15-5-1407. Registration of tax credits
§ 15-5-1409. Powers of the Arkansas Development Finance Authority
§ 15-5-1410. Legislative findings
§ 15-5-1411. Creation of the Arkansas Venture Capital Development Fund
§ 15-5-1412. Eligibility for financial assistance — Limitation
§ 15-5-1413. Funding of Arkansas Venture Capital Development Fund
§ 15-5-1416. Powers of the trustees of the Venture Capital Investment Trust