Ark. Code Ann. § 14-1-602
This is the official text of Ark. Code Ann. § 14-1-602, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Legislative findings and intent
Official statutory text
(a) The General Assembly finds that: (1) The data centers industry began its modern version in the 1980s, and the industry has seen accelerated growth since 2008; (2) Data centers have seen global growth with the expansion of bandwidth, the need for analytical data research, and digital currency; (3) Data centers, digital currency, and blockchain technology are legal in all fifty (50) states; and (4) Guidance for future industry growth is needed in Arkansas to protect Arkansans from fraudulent business practices. (b) Through the enactment of this subchapter, the General Assembly intends to recognize that data centers create jobs, pay taxes, and provide general economic value to local communities and this state . Amended by Act 2024, No. 174,§ 1, eff. 5/3/2024. Added by Act 2023, No. 851,§ 1, eff. 8/1/2023.
(a) The General Assembly finds that: (1) The data centers industry began its modern version in the 1980s, and the industry has seen accelerated growth since 2008; (2) Data centers have seen global growth with the expansion of bandwidth, the need for analytical data research, and digital currency; (3) Data centers, digital currency, and blockchain technology are legal in all fifty (50) states; and (4) Guidance for future industry growth is needed in Arkansas to protect Arkansans from fraudulent business practices.
(1) The data centers industry began its modern version in the 1980s, and the industry has seen accelerated growth since 2008;
(2) Data centers have seen global growth with the expansion of bandwidth, the need for analytical data research, and digital currency;
(3) Data centers, digital currency, and blockchain technology are legal in all fifty (50) states; and
(4) Guidance for future industry growth is needed in Arkansas to protect Arkansans from fraudulent business practices.
(b) Through the enactment of this subchapter, the General Assembly intends to recognize that data centers create jobs, pay taxes, and provide general economic value to local communities and this state .
recognize that data centers create jobs, pay taxes, and provide general economic value to local communities and this state
.
Amended by Act 2024, No. 174,§ 1, eff. 5/3/2024.
Added by Act 2023, No. 851,§ 1, eff. 8/1/2023.
(a) The General Assembly finds that: (1) The data centers industry began its modern version in the 1980s, and the industry has seen accelerated growth since 2008; (2) Data centers have seen global growth with the expansion of bandwidth, the need for analytical data research, and digital currency; (3) Data centers, digital currency, and blockchain technology are legal in all fifty (50) states; and (4) Guidance for future industry growth is needed in Arkansas to protect Arkansans from fraudulent business practices.
(1) The data centers industry began its modern version in the 1980s, and the industry has seen accelerated growth since 2008;
(2) Data centers have seen global growth with the expansion of bandwidth, the need for analytical data research, and digital currency;
(3) Data centers, digital currency, and blockchain technology are legal in all fifty (50) states; and
(4) Guidance for future industry growth is needed in Arkansas to protect Arkansans from fraudulent business practices.
(b) Through the enactment of this subchapter, the General Assembly intends to recognize that data centers create jobs, pay taxes, and provide general economic value to local communities and this state .
recognize that data centers create jobs, pay taxes, and provide general economic value to local communities and this state
.
Amended by Act 2024, No. 174,§ 1, eff. 5/3/2024.
Added by Act 2023, No. 851,§ 1, eff. 8/1/2023.
Status: in_force
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