Arkansas § 14-144-201 - Research park authority — Creation.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-144-201 — Research park authority — Creation., with citation guidance and answers to common questions.
§ 14-144-201. Research park authority — Creation.
A research park authority: Shall have as sponsor at least one (1) accredited institution of higher education; and May have one (1) or more: Municipality; County; State agency; or Research institute or center. One (1) or more sponsors who meet the requirements of subdivision (a)(1) of this section may create a research park authority under this chapter for the purpose of acquiring, constructing, maintaining, and operating a research park. A county or municipality shall not participate in a research park authority unless the governing body of the county or municipality: Provides by ordinance to participate in the research park authority; and Enters into an agreement with at least one (1) accredited institution of higher education to create and maintain the research park authority. An accredited institution of higher education shall not participate in a research park authority unless the governing body of the accredited institution of higher education adopts a resolution to participate in the research park authority. A research park shall be located either within: The geographical boundaries of a county or municipality that is a sponsor of the research park authority; or The main campus or in the proximity of the main campus of the sponsoring accredited institution of higher education that is a sponsor of the research park authority. A sponsor of a research park authority shall enter into an agreement establishing the terms and conditions for the operation of the authority under this chapter and any other laws of the State of Arkansas that may be applicable. To the extent that it is consistent with this chapter, the agreement shall specify the information provided for in the Interlocal Cooperation Act, § 25-20-101 et seq. The agreement may also provide for each authority to furnish the participating sponsor or sponsors copies of its annual budget for examination and approval. The agreement shall be filed with the Secretary of State. By action of the research park authority board, a research park authority established under this chapter may add one (1) or more sponsors to the creating sponsors under subdivision (a)(1)(B) of this section.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 14-144-201
What does Arkansas Code of 1987 Annotated § 14-144-201 cover?
Section 14-144-201 ("Research park authority — Creation.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 14-144-201?
A common citation format is "Arkansas Code of 1987 Annotated § 14-144-201" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 14-144-201 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.