There is established for the State of Arkansas the Division of Science and Technology of the Arkansas Economic Development Commission, which shall have the powers, functions, and duties, as provided in this subchapter, to be the instrumentality of this state to exert leadership in and to give direction to a broad spectrum of programs and services designed to gain for this state and its people the benefits and opportunities to be realized through advanced science and technology.
Ark. Code § 15-3-103