Arkansas Code of 1987 (2024)
Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324)
Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108)
Chapter 3 - SCIENCE AND TECHNOLOGY AUTHORITY (§§ 15-3-101 — 15-3-709)
Subchapter 6 - ARKANSAS BUSINESS AND TECHNOLOGY ACCELERATOR ACT (§§ 15-3-601 — 15-3-608)
Section 15-3-604 - Administration

• (a)
  • (1) The Arkansas Business and Technology Accelerator Grant Program is created.
  • (2) The Division of Science and Technology of the Arkansas Economic Development Commission shall administer the program.

• (b) The division shall:
  • (1) Create application forms to be submitted by eligible businesses seeking a business and technology accelerator grant from the program;
  • (2) Devise an application process that:
    • (A) Defines the eligibility criteria for a business and technology accelerator grant; and
    • (B) Establishes application submittal and review processes;
  • (3) Define a process by which business and technology accelerator grants may be awarded; and
  • (4) Execute standard legal grant agreements and other documentation governing the disbursement and use of business and technology accelerator grants.

Added by Act 2017, No. 165,§ 2, eff. 10/1/2017.