14-173-102. Definitions.

Arkansas Code — all titles (historical 2020) · legal_authorities

14-173-102. Definitions.

14-173-102. Definitions. As used in this chapter, unless the context otherwise requires: (1) “City” means any city of the first class, any city of the second class, or any incorporated town established by the laws of the State of Arkansas; (2) “County” means any county in the State of Arkansas; (3) “Economic development grant program” means a governmental program to award grants to nonprofit corporations to encourage the location, relocation, creation, or development of a business, industry, manufacturing facility, transportation facility, or other economic unit which creates jobs, employs people, or generates economic activity; (4) “Grant” means an award or transfer of public funds to a nonprofit corporation under a set of prescribed criteria to accomplish the public purpose of economic development in the city or in the county or in their surrounding areas; and (5) “Grantee” means the nonprofit corporation to whom the grant is awarded based on the prescribed criteria for awarding the funds under the establishing ordinance.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-173-102

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.