Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally

§ 15-5-1105. Capital Access Fund — Use — Investment earnings — Administrative expenses - (a) There is created within the Arkansas Development Finance Authority...

§ 15-5-1106. Loss reserve accounts — Limitation on amount - (a) The Arkansas Development Finance Authority shall establish a loss...

§ 15-5-1107. Enrollment of qualified loan — Procedure — Fee — Transfers to loss reserve account - (a) (1) When a financial institution participates in the Arkansas...

§ 15-5-1108. Claims for reimbursement of losses — Amounts subject to reimbursement - (a) The Arkansas Development Finance Authority shall establish procedures under...

§ 15-5-1109. Rules - The Arkansas Development Finance Authority may adopt such rules as...

§ 15-5-1110. Financial report of Capital Access Fund - (a) At least annually, the Arkansas Development Finance Authority shall...

§ 15-5-1111. Arkansas Credit Reserve Program - The Arkansas Development Finance Authority shall establish the Arkansas Credit...

Subchapter 12 - Petroleum Storage Tank Trust Fund Bond Financing Act

§ 15-5-1201. Title - This subchapter may be known and may be cited as...

§ 15-5-1202. Purpose - The purpose of this subchapter is to provide for the...

§ 15-5-1203. Definitions - As used in this subchapter: (1) “Act” means the Arkansas...

§ 15-5-1204. Issuance of revenue bonds by the authority - (a) (1) Upon the request of the Director of the...

§ 15-5-1205. Petroleum Storage Tank Trust Fund Revenue Bond Debt Service Fund — Pledged fees - (a) (1) The debt service on the bonds shall be...

§ 15-5-1206. Petroleum Storage Tank Trust Fund Revenue Bond Debt Service Fund — Payment of debt service — Tax exemption - (a) Payment of principal and interest on the bonds shall...

§ 15-5-1207. Expiration of subchapter - The provisions of this subchapter shall expire upon payment of...

§ 15-5-1208. Refunding bonds - (a) The Arkansas Development Finance Authority may provide by resolution...

§ 15-5-1209. Eligible security - The bonds are eligible to secure deposits of public funds...

§ 15-5-1210. Subchapter cumulative of other laws - This subchapter is cumulative of other laws on the subject...

Subchapter 13 - Affordable Neighborhood Housing Tax Credit Act of 1997

§ 15-5-1301. Title - This subchapter shall be known and may be cited as...

§ 15-5-1302. Definitions - As used in this subchapter: (1) “Affordable housing assistance activities”...

§ 15-5-1303. Affordable housing assistance activities and affordable housing units — Business firms proposing to provide — Procedure for approval and tax credit - (a) Any business firm which engages in providing affordable housing...

§ 15-5-1304. Tax credits authorized — Amount allowed annually — Exceeded when — Upper limits set — Carryover permitted - (a) (1) For proposals approved under § 15-5-1303, the amount...

§ 15-5-1305. Rules - The Secretary of the Department of Finance and Administration and...

Subchapter 14 - Venture Capital Investment Act of 2001

§ 15-5-1401. Title - This subchapter shall be known and may be cited as...

§ 15-5-1402. Purpose - The State of Arkansas desires to increase the availability of...

§ 15-5-1403. Definitions - As used in this subchapter: (1) “Accredited investor” means an...

§ 15-5-1404. Designated investor group - (a) (1) The Arkansas Development Finance Authority shall solicit from...

§ 15-5-1405. Guaranty - (a) The Arkansas Development Finance Authority shall have the power...

§ 15-5-1406. Tax credits - (a) The State of Arkansas shall issue income tax credits...

§ 15-5-1407. Registration of tax credits - (a) The Arkansas Development Finance Authority, in conjunction with the...

§ 15-5-1408. Annual report - The designated investor group shall publish an annual report within...

§ 15-5-1409. Powers of the Arkansas Development Finance Authority - The Arkansas Development Finance Authority shall have the power to...

§ 15-5-1410. Legislative findings - The General Assembly finds: (1) There is a need to...

§ 15-5-1411. Creation of the Arkansas Venture Capital Development Fund - (a) There is established the Arkansas Venture Capital Development Fund,...

§ 15-5-1412. Eligibility for financial assistance — Limitation - (a) For a technology-based enterprise or venture capital fund to...

§ 15-5-1413. Funding of Arkansas Venture Capital Development Fund - (a) The trustees of the Venture Capital Investment Trust may...

§ 15-5-1414. Review committee - The review committee shall: (1) Recommend to the trustees of...

§ 15-5-1415. Annual report - The trustees of the Venture Capital Investment Trust shall publish...

§ 15-5-1416. Powers of the trustees of the Venture Capital Investment Trust - The trustees of the Venture Capital Investment Trust may promulgate...

Subchapter 15 - Arkansas Brownfield Revolving Loan Fund Act

§ 15-5-1501. Title - This subchapter may be titled as the “Arkansas Brownfield Revolving...

§ 15-5-1502. Definitions - As used in this subchapter: (1) “Authority” means the Arkansas...

§ 15-5-1503. Brownfield Revolving Loan Fund — Establishment — Uses - (a) (1) There is established on the books of the...

§ 15-5-1504. Brownfield Revolving Loan Fund — Sources — Deposits - (a) The following moneys shall be deposited directly into the...

§ 15-5-1505. Brownfield Revolving Loan Fund — Administration - (a) (1) The Brownfield Revolving Loan Fund shall be administered...

§ 15-5-1506. Loans — Grants - (a) With approval of the Division of Environmental Quality, the...

§ 15-5-1507. Allocation from Treasurer of State - (a) (1) The Arkansas Development Finance Authority may accept moneys...

§ 15-5-1508. Security for bonds - The Arkansas Development Finance Authority may use the moneys in...

§ 15-5-1509. Administrative fees - (a) The Division of Environmental Quality and the Arkansas Development...

§ 15-5-1510. Collection of fees - (a) (1) With approval of the Division of Environmental Quality,...

§ 15-5-1511. Rules - The Division of Environmental Quality may adopt rules as necessary...

Subchapter 17 - Arkansas Housing Trust Fund Act of 2009

§ 15-5-1701. Title - This subchapter shall be known and may be cited as...

§ 15-5-1702. Legislative intent - The General Assembly finds: (1) That current economic conditions, the...

§ 15-5-1703. Definitions - As used in this subchapter: (1) “Advisory committee” means the...

§ 15-5-1704. Establishment of Arkansas Housing Trust Fund - (a) There is established on the books of the Arkansas...

§ 15-5-1705. Sources and deposits — Administration of Arkansas Housing Trust Fund — Responsibilities of the Arkansas Development Finance Authority - (a) The following moneys shall be deposited into the Arkansas...

§ 15-5-1706. Creation of Arkansas Housing Trust Fund Advisory Committee - (a) (1) There is created the Arkansas Housing Trust Fund...

§ 15-5-1707. Roles and responsibilities of the Arkansas Housing Trust Fund Advisory Committee - (a) The Arkansas Housing Trust Fund Advisory Committee will operate...

§ 15-5-1708. Purposes and uses of the Arkansas Housing Trust Fund - (a) Money held in the Arkansas Housing Trust Fund shall...

§ 15-5-1709. Minimum requirements — Distribution of funds — Application evaluation guidelines - (a) In order for a proposal to be an activity...

Subchapter 18 - State Entity Energy Efficiency Project Bond Act

§ 15-5-1801. Title - This subchapter shall be known as the “State Entity Energy...

§ 15-5-1802. Purpose - (a) The purpose of this subchapter is to provide financing...

§ 15-5-1803. Definitions - As used in this subchapter: (1) “Bonds” means all bonds,...

§ 15-5-1804. Issuance of bonds - (a) Upon the request of a state entity, the Arkansas...

§ 15-5-1805. Terms and conditions - (a) The Arkansas Development Finance Authority shall be the issuer...

§ 15-5-1806. Tax exemption - The interest on the bonds issued under this subchapter shall...

§ 15-5-1807. Refunding bonds - (a) The Arkansas Development Finance Authority may provide by resolution...

§ 15-5-1808. Applicability - This subchapter: (1) Applies only to the following governmental units:...

§ 15-5-1809. Subchapter supplemental to other laws - This subchapter is: (1) Supplemental to other laws on the...

§ 15-5-1810. Rules - The Arkansas Development Finance Authority may promulgate rules to implement...

Subchapter 19 - Arkansas Student Loan Financing Act

§ 15-5-1901. Title - This subchapter shall be known and may be cited as...

§ 15-5-1902. Creation of the Student Loan Authority Division — Assumption of obligations of Arkansas Student Loan Authority - (a) (1) There is established the Student Loan Authority Division...

§ 15-5-1903. Definitions - As used in this subchapter: (1) (A) “Education loan” means...

§ 15-5-1904. Cash funds — Sufficient redemption fund required - (a) (1) All moneys received by the Student Loan Authority...

§ 15-5-1905. Excess funds — Allowable investments - Moneys in funds created by resolution or trust indenture of...

§ 15-5-1906. Trust indenture funds and accounts - (a) All proceeds derived from a particular obligation under this...

§ 15-5-1907. Students — Power to contract - (a) For the purpose of this subchapter, a student who...

§ 15-5-1908. Purchase of student loan notes - Before purchasing a guaranteed educational loan note or an education...

Chapter 6 - Arkansas Rural Development Program Act

§ 15-6-101. Title - This chapter may be known and may be cited as...

§ 15-6-102. Legislative intent - (a) The General Assembly finds and declares that: (1) Federal,...

§ 15-6-103. Definitions - As used in this chapter: (1) “Federal agency” means any...

§ 15-6-104. Arkansas Rural Development Commission - (a) There is established the Arkansas Rural Development Commission, which...

§ 15-6-105. Rural Services Division of the Arkansas Economic Development Commission - (a) There is created the Rural Services Division of the...

§ 15-6-106. Arkansas Rural Development Commission — Rural Services Division of the Arkansas Economic Development Commission — Functions, powers, and duties - (a) The Director of the Arkansas Economic Development Commission by...

§ 15-6-107. Assistance programs and grants - (a) The Rural Services Division of the Arkansas Economic Development...

Chapter 10 - Energy Conservation And Development

Subchapter 2 - Arkansas Energy Reorganization and Policy Act of 1981

§ 15-10-201. Title - This subchapter may be cited as the “Arkansas Energy Reorganization...

§ 15-10-202. Declaration of policy - The General Assembly finds and declares that: (1) The adequacy...

§ 15-10-203. Arkansas Energy Office — Creation - (a) (1) There is created the Arkansas Energy Office of...

§ 15-10-204. Arkansas Energy Office — Director - (a) Each division of the Arkansas Energy Office of the...

§ 15-10-205. Arkansas Energy Office of the Arkansas Department of Environmental Quality — Powers and duties - (a) The Arkansas Energy Office of the Division of Environmental...

§ 15-10-206. Agency cooperation and coordination with Arkansas Energy Office - All other state agencies shall cooperate and coordinate with the...

§ 15-10-207. Reporting regarding the Weatherization Assistance Program - The Arkansas Energy Office of the Division of Environmental Quality...

Subchapter 3 - Nuclear Power Generally

§ 15-10-301. Declaration of policy - (a) The State of Arkansas endorses the action of the...

§ 15-10-302. Definitions - As used in this subchapter: (1) “Atomic energy” means all...

§ 15-10-303. License or permit requirement - No person shall manufacture, construct, produce, transfer, acquire, or possess...

§ 15-10-304. Studying the need for changes in law - (a) Each of the following departments and agencies of state...

§ 15-10-305. Coordinator of Atomic Development Activities - (a) (1) The Governor may appoint a citizen of this...

§ 15-10-306. Injunction - Whenever, in the opinion of the Attorney General, any person...

Subchapter 4 - Southern States Energy Compact

§ 15-10-401. Enactment of compact into law - The Southern States Energy Compact is hereby enacted into law...

§ 15-10-402. Arkansas board members - (a) The three (3) Arkansas members on the Southern States...

§ 15-10-403. Supplementary agreements — Appropriations - (a) Any supplementary agreement entered into pursuant to Article VI...

§ 15-10-404. Officers, departments, agencies, and institutions authorized to cooperate with board - All officers, departments, agencies, and institutions of this state and...

Subchapter 8 - Arkansas Alternative Energy Commission

§ 15-10-801. Arkansas Alternative Energy Commission - (a) There is created the Arkansas Alternative Energy Commission. (b)...

§ 15-10-802. Duties — Definitions - (a) The Arkansas Alternative Energy Commission shall study: (1) The...

Subchapter 9 - Arkansas Alternative Motor Fuel Development Act

§ 15-10-901. Title - This subchapter shall be known and may be cited as...

§ 15-10-902. Definitions - As used in this subchapter: (1) “Compressed natural gas” means...

§ 15-10-903. Rebate for refueling stations - (a) (1) The Arkansas Energy Office of the Division of...

§ 15-10-904. Rebates for qualified alternative motor vehicle property - (a) The Arkansas Energy Office of the Division of Environmental...

Chapter 11 - Publicity And Tourism

Subchapter 1 - General Provisions

§ 15-11-101. Publicity generally - It shall be the duty of the Secretary of the...

§ 15-11-102. Promulgation of rules and procedures - (a) The Department of Parks, Heritage, and Tourism is specifically...

Subchapter 2 - State Parks, Recreation, and Travel Commission

§ 15-11-201. Purpose — Creation - For the purpose of aiding in the establishment of new...

§ 15-11-202. Members generally - (a) The State Parks, Recreation, and Travel Commission shall consist...

§ 15-11-203. Commissioner emeritus - (a) A person shall be known and designated as a...

§ 15-11-204. Organization — Meetings - (a) From time to time, the State Parks, Recreation, and...

§ 15-11-205. Secretary of the Department of Parks, Heritage, and Tourism - (a) The Secretary of the Department of Parks, Heritage, and...

§ 15-11-206. Functions, powers, and duties - (a) The State Parks, Recreation, and Travel Commission shall: (1)...

§ 15-11-207. Cooperation with news media representatives - (a) The Secretary of the Department of Parks, Heritage, and...

§ 15-11-208. Effect of §§ 15-11-201 and 15-11-202 - Nothing in §§ 15-11-201 and 15-11-202 shall be deemed to...

§ 15-11-210. Award of pistol upon retirement - When a commissioned law enforcement officer of the State Parks...

§ 15-11-211. Disposal of railroad track material - (a) The State Parks, Recreation, and Travel Commission and the...

§ 15-11-212. Enforcement of state law — Statewide jurisdiction - A person designated as and employed as a law enforcement...

Subchapter 3 - Tourist Information Bureaus

§ 15-11-301. Creation - The Department of Parks, Heritage, and Tourism is authorized and...

§ 15-11-302. Department duties - Tourist information bureaus established pursuant to this subchapter shall: (1)...

§ 15-11-303. Commission duties - In furtherance of the purposes of this subchapter, the State...

§ 15-11-304. Preferential treatment or consideration - In accepting gifts, grants, and donations, the State Parks, Recreation,...

§ 15-11-305. Cooperation with other state agencies - The State Highway Commission, the Arkansas State Game and Fish...

§ 15-11-306. Authority to lease facilities - (a) The Department of Parks, Heritage, and Tourism may lease...

Subchapter 4 - Regional Tourist Promotion Agencies

§ 15-11-401. Definitions - As used in this subchapter: (1) “Commission” means the State...

§ 15-11-402. Formation - (a) (1) Any group of interested citizens and residents of...

§ 15-11-403. Designation - (a) The State Parks, Recreation, and Travel Commission or the...

§ 15-11-404. Administrative agency - The Tourism Division is designated as the administrative agency of...

§ 15-11-405. Grants generally - (a) All grants under the provisions of this subchapter shall...

§ 15-11-406. Grants from Department of Parks, Heritage, and Tourism - (a) Upon approval of the State Parks, Recreation, and Travel...

§ 15-11-407. Federal funds - (a) The State Parks, Recreation, and Travel Commission or the...

§ 15-11-408. Matching state funds — Use, reversion, and reallocation - (a) (1) The State Parks, Recreation, and Travel Commission shall...

§ 15-11-409. Investigations and audits - The State Parks, Recreation, and Travel Commission or the Tourism...

§ 15-11-410. Brochures and other printed matter - (a) Any brochures and other printed materials produced by the...

Subchapter 5 - Arkansas Tourism Development Act

§ 15-11-501. Title - This subchapter shall be referred to and may be cited...

§ 15-11-502. Legislative intent - The General Assembly finds and declares that the general welfare...

§ 15-11-503. Definitions - As used in this subchapter: (1) “Agreement” means an agreement...

§ 15-11-504. Evaluation standards — Tourism attraction project applications - (a) The Director of the Arkansas Economic Development Commission shall...

§ 15-11-505. Standards for preliminary and final approval of companies and projects - (a) The Director of the Arkansas Economic Development Commission shall...

§ 15-11-506. Contracts - (a) Upon granting final approval, the Director of the Arkansas...

§ 15-11-507. Tourism attraction project sales tax credit - (a) Upon receiving notification from the Director of the Arkansas...

§ 15-11-508. Liberal construction - This subchapter shall be construed liberally to effectuate the legislative...

§ 15-11-509. Tourism attraction project income tax credit - (a) Tourism attraction projects meeting the eligibility requirements under §...

§ 15-11-510. Special rules for certain lodging facilities - (a) A lodging facility may qualify as a tourism attraction...

§ 15-11-511. Special rules — Qualified amusement parks — Definition - (a) As used in this section, “qualified amusement park” means...

Subchapter 6 - Keep Arkansas Beautiful Commission

§ 15-11-601. Creation — Membership - (a) (1) There is created the “Keep Arkansas Beautiful Commission”,...

§ 15-11-602. Administration office — Director — Duties - (a) The Administrative Office of the Keep Arkansas Beautiful Commission...

§ 15-11-603. Powers and duties of commission - The Keep Arkansas Beautiful Commission shall: (1) Be an official...

Subchapter 7 - Wildlife Observation Trails Pilot Program

§ 15-11-701. Title - This subchapter shall be known and may be cited as...

§ 15-11-702. Findings - The General Assembly finds that: (1) Arkansas is a state...

§ 15-11-703. Definition - Wildlife observation trail” means a trail route designed to promote...

§ 15-11-704. The Wildlife Observation Trails Pilot Program - (a) There is continued a program to be known as...

§ 15-11-705. Wildlife Observation Trails — Development - (a) To accept a wildlife observation trail into the Wildlife...

§ 15-11-706. Wildlife Observation Trails Pilot Program Advisory Board — Created - (a) (1) There is continued an advisory body to the...

§ 15-11-707. Funding - (a) (1) The Arkansas State Game and Fish Commission agrees...

§ 15-11-708. Grant distribution - (a) (1) A grant application under this subchapter that meets...

§ 15-11-709. Reporting - (a) The Arkansas State Game and Fish Commission and the...

Subchapter 8 - Arkansas Great Places Program

§ 15-11-801. Legislative intent - (a) The General Assembly finds that: (1) The State of...

§ 15-11-802. Arkansas Great Places Program — Creation - (a) The Department of Parks, Heritage, and Tourism shall administer...

§ 15-11-803. Eligibility for Arkansas Great Places Program — Definition - (a) As used in this subchapter, “eligible organization” means: (1)...

§ 15-11-804. Selection for Arkansas Great Places Program - (a) (1) (A) The Arkansas Natural and Cultural Heritage Advisory...

Subchapter 9 - Arkansas Arts and Cultural Districts Act

§ 15-11-901. Title - This subchapter shall be known as the “Arkansas Arts and...

§ 15-11-902. Definitions - As used in this subchapter: (1) “Artistic work” means an...

§ 15-11-903. Applicability - This subchapter does not apply to: (1) The creation or...

§ 15-11-904. Creation of arts and cultural districts - (a) The following may apply to the Arkansas Arts Council...

§ 15-11-905. Rules - The Arkansas Arts Council shall promulgate rules to implement this...

Chapter 12 - Arkansas Natural and Cultural Resources Council

§ 15-12-101. Creation — Members — Meetings - (a) There is established the Arkansas Natural and Cultural Resources...

§ 15-12-102. Administration of trust fund - The Arkansas Natural and Cultural Resources Council shall administer the...

§ 15-12-103. Disposition of revenues — Grants - (a) All revenues derived from the additional tax levied by...

Chapter 13 - Arkansas Alternative Fuels Development Act

Subchapter 1 - General Provisions

§ 15-13-101. Title - This chapter shall be known and may be cited as...

§ 15-13-102. Definitions - As used in this chapter: (1) “Alternative fuels” means biofuel,...

Subchapter 2 - Production and Standards

§ 15-13-201. Alternative fuels production goal - The per annum goal for alternative fuels production at production...

§ 15-13-202. Biofuel standard for state vehicles and state equipment - Beginning on January 1, 2009, all diesel-powered motor vehicles, light...

§ 15-13-203. Allowances for variance of the biofuel standard - The Secretary of the Department of Finance and Administration may...

§ 15-13-204. Quality determinations and testing - (a) The Arkansas Bureau of Standards of the State Plant...

§ 15-13-205. Rules - The Secretary of the Department of Finance and Administration shall...

Subchapter 3 - Arkansas Alternative Fuels Development Program

§ 15-13-301. Arkansas Alternative Fuels Development Program - (a) The Arkansas Alternative Fuels Development Program is established and...

§ 15-13-302. Production incentives for alternative fuels producers - (a) The Arkansas Alternative Fuels Development Program shall include a...

§ 15-13-303. Production incentives for feedstock processors - (a) The Arkansas Alternative Fuels Development Program shall include a...

§ 15-13-304. Distribution incentives for alternative fuels distributors - (a) The Arkansas Alternative Fuels Development Program shall include a...

§ 15-13-305. Rules - After consulting the Arkansas Energy Office of the Division of...

§ 15-13-306. Rebate incentives for modification of motor vehicles - (a) The Arkansas Alternative Fuels Development Program shall include an...

Chapter 14 - Arkansas Retirement Community Program Act

§ 15-14-101. Title - This chapter shall be known and may be cited as...

§ 15-14-102. Definitions - As used in this chapter: (1) “Association” means the Arkansas...

§ 15-14-103. Arkansas Retirement Community Program — Creation - (a) The Arkansas Association of Development Organizations shall establish and...

§ 15-14-104. Eligibility - (a) To be eligible to be an Arkansas retirement community,...

§ 15-14-105. Services provided - (a) If the Arkansas Association of Development Organizations finds that...

§ 15-14-106. Recertification - An Arkansas retirement community's certification under § 15-14-105 expires on...

§ 15-14-107. Arkansas Retirement Community Program Fund Account - The Arkansas Retirement Community Program Fund Account is created on...

§ 15-14-108. Rules - The Arkansas Association of Development Organizations, Inc., after having received...

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Arkansas Code Title 15 - Natural Resources and Economic Development Subtitle 1 - Development Of Economic And Natural Resources Generally

Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally