003.19.13-IV. Powers and Duties of the Arkansas Economic Development Commission
AR ADC 003.19.13-IVArkansas Administrative CodeEffective: November 29, 2021
Effective: November 29, 2021
Ark. Admin. Code 003.19.13-IV
Formerly cited as AR ADC 168.00.6-IV
003.19.13-IV. Powers and Duties of the Arkansas Economic Development Commission
A. The director of the Arkansas Economic Development Commission will determine whether or not the project is in the public interest and whether or not there are sufficient dedicated project funds, when combined with the requested funds from the Public Roads Incentive Fund, to complete the project. If the director determines that the project is in the public interest and that sufficient funding is available, the governing authority will be informed and a sub-account will be established for the project.
D. A separate account will be established for each project, and contributions specified for a project shall be applied to that account. The director is authorized to assist the governing authority in obtaining assistance from any other department of state government. When sufficient funds are accumulated for a particular project, the director will authorize the release of funds for the project.
Credits
Amended Nov. 29, 2021.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 003.19.13-IV, AR ADC 003.19.13-IV
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