Ark. Code § 14-176-103

Current with legislation from 2024 Fiscal and Special Sessions.
Section 14-176-103 - Authorization for obtaining and appropriating money
(a) A municipality or county may obtain or appropriate money for a corporation, association, institution, political subdivision of the state, the United States Government, or an individual to:
(1) Finance economic development projects; or
(2) Provide economic development services.
(b) Funds appropriated by a municipality or county under the authority of this section shall be deemed to further the public purpose of economic development.

Ark. Code § 14-176-103

Added by Act 2017, No. 685,§ 1, eff. 8/1/2017.