Arkansas § 14-164-502 - Legislative findings and determinations.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-164-502 — Legislative findings and determinations., with citation guidance and answers to common questions.
§ 14-164-502. Legislative findings and determinations.
It is found and declared by the General Assembly of the State of Arkansas that: This state's program for industrial and economic development and the financing thereof is inadequate; and As a result, there are inadequate opportunities for employment of its inhabitants in industry and industry is not able to adequately replace, retool, or modernize with new technology, existing facilities; and The securing and developing of industry upon terms and under conditions competitive with those available in other states is essential to the economic growth and development of this state; and The economic and other benefits to the state and its people resulting from economic development are essential to the public health, safety, and welfare of the people of Arkansas; and Preserving and maintaining economic activity and the securing and developing of industry are essential public purposes serving to benefit the people of Arkansas; and The issuance of bonds and other evidences of indebtedness under the provisions of this subchapter will promote the economic welfare of this state and its people and is for a public purpose.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 14-164-502
What does Arkansas Code of 1987 Annotated § 14-164-502 cover?
Section 14-164-502 ("Legislative findings and determinations.") 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 § 14-164-502?
A common citation format is "Arkansas Code of 1987 Annotated § 14-164-502" (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 § 14-164-502 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.