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15-11-505. Standards for preliminary and final approval of companies and projects.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-11-505. Standards for preliminary and final approval of companies and projects.
(a) The Director of the Arkansas Economic Development Commission shall establish standards for final approval of eligible companies and their tourism attraction projects by the promulgation of administrative rules in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq.
(b) The director shall obtain the review and advice of the Secretary of the Department of Parks, Heritage, and Tourism prior to designating an entity as an approved company eligible for the tourism incentive.
(c) The director may give approval by designating an eligible company as an approved company and authorizing the undertaking of the tourism attraction project.
(d) The director shall review the information that has been made available to the director in order to determine whether the tourism attraction project will further the purposes of this subchapter.
(e) The criteria for final approval of eligible companies and tourism attraction projects shall include, but shall not be limited to, the criteria set forth in § 15-11-504(c).
(f) After a review of the relevant materials, other information made available to the director, the completion of other inquiries, and the review and advice of the Secretary of the Department of Parks, Heritage, and Tourism, the director may give final approval to the eligible company's application for a tourism attraction project and may grant the approval to the eligible company in the form of a financial incentive agreement.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-11-505
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.
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Stable record: arkansas_code:legal_authorities:15-11-505
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: aa193aaaa64756a2169829819317bd21fa3fec4ca0dac2cb4fc91a9ea1dfc20d
Source location: content.xml paragraph 11230
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15-11-505. Standards for preliminary and final approval of companies and projects.
(a) The Director of the Arkansas Economic Development Commission shall establish standards for final approval of eligible companies and their tourism attraction projects by the promulgation of administrative rules in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq.
(b) The director shall obtain the review and advice of the Secretary of the Department of Parks, Heritage, and Tourism prior to designating an entity as an approved company eligible for the tourism incentive.
(c) The director may give approval by designating an eligible company as an approved company and authorizing the undertaking of the tourism attraction project.
(d) The director shall review the information that has been made available to the director in order to determine whether the tourism attraction project will further the purposes of this subchapter.
(e) The criteria for final approval of eligible companies and tourism attraction projects shall include, but shall not be limited to, the criteria set forth in § 15-11-504(c).
(f) After a review of the relevant materials, other information made available to the director, the completion of other inquiries, and the review and advice of the Secretary of the Department of Parks, Heritage, and Tourism, the director may give final approval to the eligible company's application for a tourism attraction project and may grant the approval to the eligible company in the form of a financial incentive agreement.
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Arkansas Code — all titles (historical 2020) · legal_authorities
15-11-504. Evaluation standards — Tourism attraction project applications.
(a) The Director of the Arkansas Economic Development Commission shall establish standards for the making of applications for inducements to eligible companies and their tourism attraction projects by the promulgation of administrative rules in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq.
(b) With respect to each eligible company making an application to the director for inducements and with respect to the tourism attraction project described in the application, the director shall make inquiries and request materials of the applicant that shall include, but shall not be limited to:
(1) Marketing plans for the tourism attraction project that target individuals who are not residents of the state;
(2) A description and location of the tourism attraction project;
(3) Capital and other anticipated expenditures for the tourism attraction project that indicate that the total cost of the tourism attraction project shall exceed five hundred thousand dollars ($500,000) in a high-unemployment county and one million dollars ($1,000,000) in all other counties and the anticipated sources of funding for the tourism attraction project;
(4) The anticipated employment and wages to be paid at the tourism attraction project;
(5) Business plans which indicate the average number of days in a year in which the tourism attraction project will be in operation and open to the public; and
(6) The anticipated revenues and expenses generated by the tourism attraction project.
(c) The Arkansas Economic Development Commission shall analyze the data made available by the eligible company and collect and analyze additional information as is necessary to determine that the touri
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-11-504
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. The source passage cites 15-11-504. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
25-15-201. Title.
This subchapter shall be known and cited as the “Arkansas Administrative Procedure Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 25-15-201
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. The source passage cites 25-15-201. This identifies an authority to review, not proof of applicability.