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15-4-3404. Regional economic development partnerships — Board of directors.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-3404. Regional economic development partnerships — Board of directors.
(a) A regional economic development partnership shall satisfy the following requirements:
(1) The economic development region includes the active participation of at least two (2) contiguous counties;
(2) The economic development region is of adequate size in population to:
(A) Effectively undertake economic development activities while remaining a distinct and viable region for attracting new investment; and
(B) Generate adequate regional resources to provide matching funds; and
(3) The economic development region is economically integrated as determined by:
(A) Commuting patterns;
(B) Economic base;
(C) Major employers;
(D) Membership in a defined metropolitan or micropolitan statistical area; or
(E) Other indicators determined by the Arkansas Economic Development Commission.
(b)(1) After a regional economic development partnership has been formed, a county may elect to join the regional economic development partnership by adopting an ordinance to that effect.
(2) However, a county that adopts an ordinance under subdivision (b)(1) of this section shall become a member of the regional economic development partnership only upon a majority vote of the members of the board of directors of the regional economic development partnership that are residents of Arkansas.
(c)(1) A regional economic development partnership formed on or after January 1, 2013, shall be governed by a board of directors that shall operate, manage, and control the regional economic development partnership in all respects.
(2) If a regional economic development partnership is formed on or after January 1, 2013:
(A) The board of directors shall contain at least one (1) representative from each cou
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-3404
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:15-4-3404
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 27518b85228317cf2221f178b0e36b83d088a9c26e09b68e1dfc28f4c068c23b
Source location: content.xml paragraph 6084
Stored source content
15-4-3404. Regional economic development partnerships — Board of directors.
(a) A regional economic development partnership shall satisfy the following requirements:
(1) The economic development region includes the active participation of at least two (2) contiguous counties;
(2) The economic development region is of adequate size in population to:
(A) Effectively undertake economic development activities while remaining a distinct and viable region for attracting new investment; and
(B) Generate adequate regional resources to provide matching funds; and
(3) The economic development region is economically integrated as determined by:
(A) Commuting patterns;
(B) Economic base;
(C) Major employers;
(D) Membership in a defined metropolitan or micropolitan statistical area; or
(E) Other indicators determined by the Arkansas Economic Development Commission.
(b)(1) After a regional economic development partnership has been formed, a county may elect to join the regional economic development partnership by adopting an ordinance to that effect.
(2) However, a county that adopts an ordinance under subdivision (b)(1) of this section shall become a member of the regional economic development partnership only upon a majority vote of the members of the board of directors of the regional economic development partnership that are residents of Arkansas.
(c)(1) A regional economic development partnership formed on or after January 1, 2013, shall be governed by a board of directors that shall operate, manage, and control the regional economic development partnership in all respects.
(2) If a regional economic development partnership is formed on or after January 1, 2013:
(A) The board of directors shall contain at least one (1) representative from each county that is a member of the regional economic development partnership;
(B) The governing body of each county that is a member of the regional economic development partnership shall appoint members of the board of directors; and
(C) A person appointed to the board of directors may be a representative of either a public entity or a private entity.
(3) Each member of the board of directors shall serve for a term as provided under the bylaws of the regional economic development partnership.
(4) The commission may allow an existing entity that applies to be a regional economic development partnership to maintain the entity's existing rules regarding the membership, terms, and duties of the board of directors.
(5) If a regional economic development partnership includes a territory located in another state, regional funding provided under this subchapter shall only be provided to a county in Arkansas.
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