(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund to be known as the “Technology Acceleration Fund”.
(b)
(1) The Technology Acceleration Fund shall consist of funds transferred to it from the General Improvement Fund or its successor fund or fund accounts, including the Development and Enhancement Fund, or other funds, gifts, bequests, foundation grants and gifts, Governor's Emergency Fund or other emergency funds, federal grants and matching funds, proceeds from bond issues, service charges or fees, interagency transfers of funds, and other funds as may be appropriated by the General Assembly.
(2) The Technology Acceleration Fund shall consist of money transferred from the General Revenue Allotment Reserve Fund and any other money provided by law.
(c) The Technology Acceleration Fund shall be used by the Arkansas Economic Development Commission and the Arkansas Development Finance Authority for investment incentives to enhance the economy of the state through technology development.
(d) Money from the Technology Acceleration Fund may be used in conjunction with other incentives offered by the state to create, attract, or retain business.
(e)
(1) Any proposed use of the Technology Acceleration Fund by the commission or the authority shall first be approved by the Governor.
(2) The commission and the authority shall make a joint recommendation to the Governor for any proposed use of the Technology Acceleration Fund.
Structure Arkansas Code
Chapter 5 - Revenue Stabilization Law
Subchapter 12 - Miscellaneous Funds Continued
§ 19-5-1205. Youth Services Facilities Needs Fund
§ 19-5-1206. Building Authority Division Real Estate Fund
§ 19-5-1209. Rural Physician Incentive Revolving Fund
§ 19-5-1211. Department of Labor and Licensing Special Fund
§ 19-5-1213. Arkansas Athletic Commission Fund
§ 19-5-1217. Computer and Electronic Recycling Fund
§ 19-5-1219. Department of Economic Development Super Projects Fund
§ 19-5-1220. Drug Prevention and Intervention Program Fund
§ 19-5-1221. Port Priority Improvement Fund
§ 19-5-1225. Nonpartisan Filing Fee Fund
§ 19-5-1227. Educational Adequacy Fund
§ 19-5-1228. Area Agencies on Aging Fund
§ 19-5-1229. Purchase and Corporate Travel Card Program Fund
§ 19-5-1230. UAMS Cancer Research Center Matching Fund
§ 19-5-1231. Economic Development Incentive Quick Action Closing Fund
§ 19-5-1232. Division of Workforce Services Unemployment Insurance Administration Fund
§ 19-5-1234. Division of Workforce Services Fund
§ 19-5-1235. Science, Technology, Engineering, and Math Fund
§ 19-5-1236. Technology Acceleration Fund
§ 19-5-1237. Innovate Arkansas Fund
§ 19-5-1238. Sustainable Building Design Revolving Loan Fund
§ 19-5-1239. Newborn Umbilical Cord Blood Initiative Fund
§ 19-5-1240. Minority and Women-Owned Business Loan Mobilization Revolving Fund
§ 19-5-1241. Trial Court Administrator Fund
§ 19-5-1242. Fire Protection Licensing Fund
§ 19-5-1243. Arkansas Acceleration Fund
§ 19-5-1244. Health Information Technology Fund
§ 19-5-1245. Arkansas Great Places Program Fund
§ 19-5-1246. County Juror Reimbursement Fund
§ 19-5-1247. County Voting System Grant Fund
§ 19-5-1248. Electrical Energy Advancement Program Fund
§ 19-5-1249. Alternative Motor Fuel Development Fund
§ 19-5-1250. Open Enrollment Public Charter School Capital Grant Program Fund
§ 19-5-1251. Open-Enrollment Public Charter School Facilities Loan Fund
§ 19-5-1252. Safe Harbor Fund for Sexually Exploited Children — Definition
§ 19-5-1253. Arkansas Port, Intermodal, and Waterway Development Grant Program Fund
§ 19-5-1254. New Markets Performance Guarantee Fund
§ 19-5-1255. Arkansas Unpaved Roads Program Fund
§ 19-5-1256. Arkansas Wireless Information Network Financing Fund
§ 19-5-1257. Workforce Initiative Act of 2015 Fund
§ 19-5-1258. Future Transportation Research Fund
§ 19-5-1259. Mandatory Publication Reimbursement Fund
§ 19-5-1260. Arkansas Children's Advocacy Center Fund
§ 19-5-1261. Human Trafficking Victim Support Fund — Definition
§ 19-5-1263. Restricted Reserve Fund
§ 19-5-1264. Arkansas River Navigation System Fund
§ 19-5-1265. Graduate Medical Education Fund
§ 19-5-1266. Immediate Disaster Response Fund