Browse Arkansas Code titles and sections
15-3-203. Administration.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-3-203. Administration.
(a) In order to obtain moneys from the Arkansas Research Matching Fund:
(1) A college or university may provide the Arkansas Economic Development Commission with the research grant proposal for federal funds submitted with a letter of intent to apply for a match to one (1) of the funding agencies identified in § 15-3-205;
(2)(A) A college or university shall apply to the commission for a match from this fund in writing within two (2) weeks of the notice of an award of federal funds from one (1) of the funding agencies identified in § 15-3-205.
(B) In addition to the grant proposal submitted to the federal agency, the application shall include an approved budget and an official notice of the grant award from the federal funding agency; and
(3) A college or university shall adhere to the rules that may be promulgated by the commission for administration of this fund.
(b)(1) Upon receipt of an application for matching funds to match federal funds from one (1) of the funding agencies identified in § 15-3-205, the commission, with the advice of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission, shall determine the eligibility for matching funds based on a finding that the proposed research is in fields having long-term economic or commercial value to the state and which have been identified in the research and development plan approved by the Director of the Arkansas Economic Development Commission.
(2) The commission shall promptly review applications for matching funds for consistency with this subchapter.
(3) The commission shall ensure that no commitments for matching funds shall be made in excess of funds available for any given year and may review and approve those
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-3-203
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:15-3-203
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: a1758ee68aac12620b532a25b11a936d0ae7c2150820b11472b6a2ee7ab309a5
Source location: content.xml paragraph 644
Stored source content
15-3-203. Administration.
(a) In order to obtain moneys from the Arkansas Research Matching Fund:
(1) A college or university may provide the Arkansas Economic Development Commission with the research grant proposal for federal funds submitted with a letter of intent to apply for a match to one (1) of the funding agencies identified in § 15-3-205;
(2)(A) A college or university shall apply to the commission for a match from this fund in writing within two (2) weeks of the notice of an award of federal funds from one (1) of the funding agencies identified in § 15-3-205.
(B) In addition to the grant proposal submitted to the federal agency, the application shall include an approved budget and an official notice of the grant award from the federal funding agency; and
(3) A college or university shall adhere to the rules that may be promulgated by the commission for administration of this fund.
(b)(1) Upon receipt of an application for matching funds to match federal funds from one (1) of the funding agencies identified in § 15-3-205, the commission, with the advice of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission, shall determine the eligibility for matching funds based on a finding that the proposed research is in fields having long-term economic or commercial value to the state and which have been identified in the research and development plan approved by the Director of the Arkansas Economic Development Commission.
(2) The commission shall promptly review applications for matching funds for consistency with this subchapter.
(3) The commission shall ensure that no commitments for matching funds shall be made in excess of funds available for any given year and may review and approve those applications that have:
(A) Provided the information on the application for matching funds in accordance with the provisions of this subchapter;
(B) Included an official notice of award of a research grant from one (1) of the funding agencies identified in § 15-3-205; and
(C) Filed a proposal for federal funding consistent with the types of research authorized by this subchapter.
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Arkansas Code — all titles (historical 2020) · legal_authorities
15-3-205. Funds for match.
Funds used under the provisions of this subchapter shall adhere to the following criteria:
(1) Be used for the purposes of matching an approved grant from an eligible federal agency, limited to the following:
(A) The National Science Foundation;
(B) The National Institutes of Health;
(C) The United States Department of Energy;
(D) The United States Department of Defense;
(E) The United States Environmental Protection Agency;
(F) The National Aeronautics and Space Administration;
(G) The United States Department of Agriculture;
(H) The United States Department of Transportation;
(I) The United States Department of Commerce;
(J) The United States Department of Education; and
(K) The United States Department of Homeland Security;
(2)(A) Proposals for federal funds that contain a specific state or federal match requirement, for the purposes of this subchapter, shall not be matched at a rate of more than fifty percent (50%), except that any portion of the match over fifty percent (50%) may be borne by the college or university.
(B) Proposals for federal funds that do not contain a specific state or federal match requirement, for the purposes of this subchapter, shall not be matched at a rate of more than ten percent (10%), provided that the state share is matched dollar for dollar by the college or university for a combined match of not more than twenty percent (20%), except that any portion of the match over twenty percent (20%) may be borne by the college or university; and
(3) A state financial match requirement of at least twenty thousand dollars ($20,000) for equipment matching and at least fifty thousand dollars ($50,000) for research project matching.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-3-205
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 15-3-205. This identifies an authority to review, not proof of applicability.