Ark. Code Ann. § 15-4-3004
This is the official text of Ark. Code Ann. § 15-4-3004, 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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Authority to issue bonds
Official statutory text
(a) (1) The Arkansas Development Finance Authority, exercising an essential public function as the State of Arkansas's bond-issuing authority, is authorized by this subchapter to issue bonds to fund superprojects. (2) The authority shall be responsible for developing the bond financing portion of the plan required by § 15-4-3005 . (b) (1) As the lead economic development agency for the State of Arkansas, the Arkansas Economic Development Commission is authorized to utilize the superproject funding in attracting superprojects to Arkansas. (2) The commission shall: (A) Utilize economic impact and cost-benefit analysis to evaluate proposed superprojects; (B) Be responsible for developing the portion of the plan concerning the selection and funding of the superprojects; and (C) Be responsible for monitoring and reporting to the authority, the Governor, and the Legislative Council on the ongoing economic impact of the superproject and the sponsor's progress in meeting the requirement for their economic development investment. Acts 2003, No. 1751, § 4.
(a) (1) The Arkansas Development Finance Authority, exercising an essential public function as the State of Arkansas's bond-issuing authority, is authorized by this subchapter to issue bonds to fund superprojects. (2) The authority shall be responsible for developing the bond financing portion of the plan required by § 15-4-3005 .
(1) The Arkansas Development Finance Authority, exercising an essential public function as the State of Arkansas's bond-issuing authority, is authorized by this subchapter to issue bonds to fund superprojects.
(2) The authority shall be responsible for developing the bond financing portion of the plan required by § 15-4-3005 .
(b) (1) As the lead economic development agency for the State of Arkansas, the Arkansas Economic Development Commission is authorized to utilize the superproject funding in attracting superprojects to Arkansas. (2) The commission shall: (A) Utilize economic impact and cost-benefit analysis to evaluate proposed superprojects; (B) Be responsible for developing the portion of the plan concerning the selection and funding of the superprojects; and (C) Be responsible for monitoring and reporting to the authority, the Governor, and the Legislative Council on the ongoing economic impact of the superproject and the sponsor's progress in meeting the requirement for their economic development investment.
(1) As the lead economic development agency for the State of Arkansas, the Arkansas Economic Development Commission is authorized to utilize the superproject funding in attracting superprojects to Arkansas.
(2) The commission shall: (A) Utilize economic impact and cost-benefit analysis to evaluate proposed superprojects; (B) Be responsible for developing the portion of the plan concerning the selection and funding of the superprojects; and (C) Be responsible for monitoring and reporting to the authority, the Governor, and the Legislative Council on the ongoing economic impact of the superproject and the sponsor's progress in meeting the requirement for their economic development investment.
(A) Utilize economic impact and cost-benefit analysis to evaluate proposed superprojects;
(B) Be responsible for developing the portion of the plan concerning the selection and funding of the superprojects; and
(C) Be responsible for monitoring and reporting to the authority, the Governor, and the Legislative Council on the ongoing economic impact of the superproject and the sponsor's progress in meeting the requirement for their economic development investment.
Acts 2003, No. 1751, § 4.
(a) (1) The Arkansas Development Finance Authority, exercising an essential public function as the State of Arkansas's bond-issuing authority, is authorized by this subchapter to issue bonds to fund superprojects. (2) The authority shall be responsible for developing the bond financing portion of the plan required by § 15-4-3005 .
(1) The Arkansas Development Finance Authority, exercising an essential public function as the State of Arkansas's bond-issuing authority, is authorized by this subchapter to issue bonds to fund superprojects.
(2) The authority shall be responsible for developing the bond financing portion of the plan required by § 15-4-3005 .
(b) (1) As the lead economic development agency for the State of Arkansas, the Arkansas Economic Development Commission is authorized to utilize the superproject funding in attracting superprojects to Arkansas. (2) The commission shall: (A) Utilize economic impact and cost-benefit analysis to evaluate proposed superprojects; (B) Be responsible for developing the portion of the plan concerning the selection and funding of the superprojects; and (C) Be responsible for monitoring and reporting to the authority, the Governor, and the Legislative Council on the ongoing economic impact of the superproject and the sponsor's progress in meeting the requirement for their economic development investment.
(1) As the lead economic development agency for the State of Arkansas, the Arkansas Economic Development Commission is authorized to utilize the superproject funding in attracting superprojects to Arkansas.
(2) The commission shall: (A) Utilize economic impact and cost-benefit analysis to evaluate proposed superprojects; (B) Be responsible for developing the portion of the plan concerning the selection and funding of the superprojects; and (C) Be responsible for monitoring and reporting to the authority, the Governor, and the Legislative Council on the ongoing economic impact of the superproject and the sponsor's progress in meeting the requirement for their economic development investment.
(A) Utilize economic impact and cost-benefit analysis to evaluate proposed superprojects;
(B) Be responsible for developing the portion of the plan concerning the selection and funding of the superprojects; and
(C) Be responsible for monitoring and reporting to the authority, the Governor, and the Legislative Council on the ongoing economic impact of the superproject and the sponsor's progress in meeting the requirement for their economic development investment.
Acts 2003, No. 1751, § 4.
Status: in_force
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