Ark. Code Ann. § 15-3-606
This is the official text of Ark. Code Ann. § 15-3-606, 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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Business and technology accelerator grant awards
Official statutory text
(a) A business and technology accelerator grant awarded under this subchapter: (1) Shall not: (A) Be awarded under this subchapter unless offered in writing by the Director of the Arkansas Economic Development Commission; and (B) Exceed two hundred fifty thousand dollars ($250,000); and (2) Subject to funding and the discretion of the director, may be offered to an eligible applicant that successfully completes the application process. (b) The business and technology accelerator grant agreement between the Division of Science and Technology of the Arkansas Economic Development Commission and the eligible applicant shall delineate all requirements of the business and technology accelerator grant. (c) Disbursements for business and technology accelerator grants shall be made on a reimbursable basis, payable when invoices and financial reports are submitted to the division. Amended by Act 2019, No. 910,§ 353, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 352, eff. 7/1/2019. Added by Act 2017, No. 165,§ 2, eff. 10/1/2017.
(a) A business and technology accelerator grant awarded under this subchapter: (1) Shall not: (A) Be awarded under this subchapter unless offered in writing by the Director of the Arkansas Economic Development Commission; and (B) Exceed two hundred fifty thousand dollars ($250,000); and (2) Subject to funding and the discretion of the director, may be offered to an eligible applicant that successfully completes the application process.
(1) Shall not: (A) Be awarded under this subchapter unless offered in writing by the Director of the Arkansas Economic Development Commission; and (B) Exceed two hundred fifty thousand dollars ($250,000); and
(A) Be awarded under this subchapter unless offered in writing by the Director of the Arkansas Economic Development Commission; and
(B) Exceed two hundred fifty thousand dollars ($250,000); and
(2) Subject to funding and the discretion of the director, may be offered to an eligible applicant that successfully completes the application process.
(b) The business and technology accelerator grant agreement between the Division of Science and Technology of the Arkansas Economic Development Commission and the eligible applicant shall delineate all requirements of the business and technology accelerator grant.
(c) Disbursements for business and technology accelerator grants shall be made on a reimbursable basis, payable when invoices and financial reports are submitted to the division.
Amended by Act 2019, No. 910,§ 353, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 352, eff. 7/1/2019.
Added by Act 2017, No. 165,§ 2, eff. 10/1/2017.
(a) A business and technology accelerator grant awarded under this subchapter: (1) Shall not: (A) Be awarded under this subchapter unless offered in writing by the Director of the Arkansas Economic Development Commission; and (B) Exceed two hundred fifty thousand dollars ($250,000); and (2) Subject to funding and the discretion of the director, may be offered to an eligible applicant that successfully completes the application process.
(1) Shall not: (A) Be awarded under this subchapter unless offered in writing by the Director of the Arkansas Economic Development Commission; and (B) Exceed two hundred fifty thousand dollars ($250,000); and
(A) Be awarded under this subchapter unless offered in writing by the Director of the Arkansas Economic Development Commission; and
(B) Exceed two hundred fifty thousand dollars ($250,000); and
(2) Subject to funding and the discretion of the director, may be offered to an eligible applicant that successfully completes the application process.
(b) The business and technology accelerator grant agreement between the Division of Science and Technology of the Arkansas Economic Development Commission and the eligible applicant shall delineate all requirements of the business and technology accelerator grant.
(c) Disbursements for business and technology accelerator grants shall be made on a reimbursable basis, payable when invoices and financial reports are submitted to the division.
Amended by Act 2019, No. 910,§ 353, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 352, eff. 7/1/2019.
Added by Act 2017, No. 165,§ 2, eff. 10/1/2017.
Status: in_force
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