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15-4-3006. Qualification as a superproject.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-3006. Qualification as a superproject.
(a)(1) To qualify as a superproject, the investment and job creation requirements must be attained no later than the eighth year after the project first begins operations unless the eight-year period is extended by the Arkansas Economic Development Commission.
(2) The commission may extend the eight-year deadline for a reasonable period of time, taking into consideration general economic conditions.
(b) If the investment and job creation requirements are not attained within the eight-year deadline or the extended deadline as prescribed by the commission, the sponsor shall refund to the Arkansas Development Finance Authority any funds the sponsor received under this subchapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-3006
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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Record provenance
Stable record: arkansas_code:legal_authorities:15-4-3006
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 0c82918c7ffbef9d17c4015805674652dab51ce538f3b1ad9eacd4fb8dc0eac2
Source location: content.xml paragraph 5193
Stored source content
15-4-3006. Qualification as a superproject.
(a)(1) To qualify as a superproject, the investment and job creation requirements must be attained no later than the eighth year after the project first begins operations unless the eight-year period is extended by the Arkansas Economic Development Commission.
(2) The commission may extend the eight-year deadline for a reasonable period of time, taking into consideration general economic conditions.
(b) If the investment and job creation requirements are not attained within the eight-year deadline or the extended deadline as prescribed by the commission, the sponsor shall refund to the Arkansas Development Finance Authority any funds the sponsor received under this subchapter.
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