Arkansas § 15-4-3407 - State funding.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-4-3407 — State funding., with citation guidance and answers to common questions.
§ 15-4-3407. State funding.
Each regional economic development partnership shall enter into an agreement with the Arkansas Economic Development Commission to receive state funds, if available. The agreement under subdivision (a)(1) of this section shall: Be for a term of not longer than one (1) year; and Identify the eligible expenses for which the regional economic development partnership intends to use state funds under § 15-4-3409. The commission and the regional economic development partnership may enter into subsequent one-year agreements under this section following the commission's review of the annual report required under § 15-4-3411. If a regional economic development partnership was initially approved as a multiyear project, a one-year renewal may be granted by the commission without the regional economic development partnership submitting an annual application. Each year, the commission shall allocate funds specifically appropriated by the General Assembly or the commission for regional economic development. The funds shall be distributed equally to the qualifying regional economic development partnerships that meet the matching fund requirements under § 15-4-3408. Funds that are not disbursed under this section during a fiscal year may be distributed in a subsequent fiscal year.
Frequently Asked Questions About Arkansas § 15-4-3407
What does Arkansas Code of 1987 Annotated § 15-4-3407 cover?
Section 15-4-3407 ("State funding.") 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 § 15-4-3407?
A common citation format is "Arkansas Code of 1987 Annotated § 15-4-3407" (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 § 15-4-3407 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.