Ark. Code Ann. § 15-3-305

This is the official text of Ark. Code Ann. § 15-3-305, 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.

Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.

Areas of collaboration

Official statutory text

The Arkansas Economic Development Commission may recommend that a research alliance under this subchapter: (1) Identify specific areas where scientific research and technological investigation may contribute to the creation and growth of knowledge-based and high-technology jobs in Arkansas; (2) Determine specific areas in which financial investment in scientific and technological research and development from federal agencies or private businesses located in Arkansas could be enhanced or increased if state resources were made available to assist in financing research infrastructure; (3) Advise universities of the research needs of Arkansas businesses and improve the exchange of scientific and technological information for the mutual benefit of universities and private businesses; (4) Encourage collaborations among scholars and faculty of research universities in the areas of research identified by the research alliance; (5) (A) Recommend state investments in research infrastructure. (B) In determining the recommendations for state investments in research infrastructure, the research alliance shall invite from research universities: (i) Assessments of the capabilities of the research universities to seize research opportunities in the areas of research identified by the research alliance; and (ii) Investments that would accelerate the creation of economic opportunities for the citizens of the state; (6) Certify investments in research infrastructure from the Arkansas Research Infrastructure Fund; and (7) Monitor, in the specific areas identified by the research alliance: (A) Growth in university research funding; (B) Intellectual property creation; (C) Licensing of technology to entrepreneurial firms and existing Arkansas companies; (D) Growth in venture capital investments in Arkansas; and (E) Employment in knowledge-based and high-technology employees. Amended by Act 2015EX1, No. 8,§ 83, eff. 7/1/2015. Amended by Act 2015EX1, No. 7,§ 83, eff. 7/1/2015. Acts 2007, No. 563, § 1.

The Arkansas Economic Development Commission may recommend that a research alliance under this subchapter:

(1) Identify specific areas where scientific research and technological investigation may contribute to the creation and growth of knowledge-based and high-technology jobs in Arkansas;

(2) Determine specific areas in which financial investment in scientific and technological research and development from federal agencies or private businesses located in Arkansas could be enhanced or increased if state resources were made available to assist in financing research infrastructure;

(3) Advise universities of the research needs of Arkansas businesses and improve the exchange of scientific and technological information for the mutual benefit of universities and private businesses;

(4) Encourage collaborations among scholars and faculty of research universities in the areas of research identified by the research alliance;

(5) (A) Recommend state investments in research infrastructure. (B) In determining the recommendations for state investments in research infrastructure, the research alliance shall invite from research universities: (i) Assessments of the capabilities of the research universities to seize research opportunities in the areas of research identified by the research alliance; and (ii) Investments that would accelerate the creation of economic opportunities for the citizens of the state;

(A) Recommend state investments in research infrastructure.

(B) In determining the recommendations for state investments in research infrastructure, the research alliance shall invite from research universities: (i) Assessments of the capabilities of the research universities to seize research opportunities in the areas of research identified by the research alliance; and (ii) Investments that would accelerate the creation of economic opportunities for the citizens of the state;
recommendations for state investments in research infrastructure, the research alliance shall invite from research universities: (i) Assessments of the capabilities of the research universities to seize research opportunities in the areas of research identified by the research alliance; and (ii) Investments that would accelerate the creation of economic opportunities for the citizens of the state;

(i) Assessments of the capabilities of the research universities to seize research opportunities in the areas of research identified by the research alliance; and

(ii) Investments that would accelerate the creation of economic opportunities for the citizens of the state;

(6) Certify investments in research infrastructure from the Arkansas Research Infrastructure Fund; and

(7) Monitor, in the specific areas identified by the research alliance: (A) Growth in university research funding; (B) Intellectual property creation; (C) Licensing of technology to entrepreneurial firms and existing Arkansas companies; (D) Growth in venture capital investments in Arkansas; and (E) Employment in knowledge-based and high-technology employees.

(A) Growth in university research funding;

(B) Intellectual property creation;

(C) Licensing of technology to entrepreneurial firms and existing Arkansas companies;

(D) Growth in venture capital investments in Arkansas; and

(E) Employment in knowledge-based and high-technology employees.

Amended by Act 2015EX1, No. 8,§ 83, eff. 7/1/2015.

Amended by Act 2015EX1, No. 7,§ 83, eff. 7/1/2015.

Acts 2007, No. 563, § 1.

Status: in_force

Need a lawyer in Arkansas?

Find a Arkansas lawyer
About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.