Ark. Code Ann. § 15-3-703
This is the official text of Ark. Code Ann. § 15-3-703, 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.
Definitions
Official statutory text
As used in this subchapter: (1) "Eligible business" means a for-profit business that: (A) Is registered as a business entity in good standing with the Secretary of State; and (B) Has its principal place of business in Arkansas; (2) "Matching grant" means a discretionary grant of up to fifty percent (50%) of the amount of a federal Small Business Innovation Research grant for each approved matching grant application; (3) "Principal investigator/project manager" means the primary individual designated by an eligible business to provide the scientific and technical direction to a project supported by a matching grant; and (4) "Small Business Innovation Research Program" means the federal program administered by the United States Small Business Administration according to regulations adopted pursuant to 15 U.S.C. § 638 , as it existed on October 1, 2016, which provides funds for Phase I and Phase II Small Business Innovation Research grants through participating federal agencies. Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.
As used in this subchapter:
(1) "Eligible business" means a for-profit business that: (A) Is registered as a business entity in good standing with the Secretary of State; and (B) Has its principal place of business in Arkansas;
(A) Is registered as a business entity in good standing with the Secretary of State; and
(B) Has its principal place of business in Arkansas;
(2) "Matching grant" means a discretionary grant of up to fifty percent (50%) of the amount of a federal Small Business Innovation Research grant for each approved matching grant application;
(3) "Principal investigator/project manager" means the primary individual designated by an eligible business to provide the scientific and technical direction to a project supported by a matching grant; and
(4) "Small Business Innovation Research Program" means the federal program administered by the United States Small Business Administration according to regulations adopted pursuant to 15 U.S.C. § 638 , as it existed on October 1, 2016, which provides funds for Phase I and Phase II Small Business Innovation Research grants through participating federal agencies.
Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.
As used in this subchapter:
(1) "Eligible business" means a for-profit business that: (A) Is registered as a business entity in good standing with the Secretary of State; and (B) Has its principal place of business in Arkansas;
(A) Is registered as a business entity in good standing with the Secretary of State; and
(B) Has its principal place of business in Arkansas;
(2) "Matching grant" means a discretionary grant of up to fifty percent (50%) of the amount of a federal Small Business Innovation Research grant for each approved matching grant application;
(3) "Principal investigator/project manager" means the primary individual designated by an eligible business to provide the scientific and technical direction to a project supported by a matching grant; and
(4) "Small Business Innovation Research Program" means the federal program administered by the United States Small Business Administration according to regulations adopted pursuant to 15 U.S.C. § 638 , as it existed on October 1, 2016, which provides funds for Phase I and Phase II Small Business Innovation Research grants through participating federal agencies.
Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.
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.