Section 15-3-704 - Administration(a)(1) The Arkansas Small Business Innovation Research Matching Grant Program is created.(2) The Division of Science and Technology of the Arkansas Economic Development Commission shall administer the program.(b) The division shall: (1) Create application forms to be submitted by eligible businesses seeking a matching grant from the program;(2) Devise an application process that:(A) Defines the eligibility criteria for a matching grant; and(B) Establishes application submittal and review processes;(3) Define a process by which matching grants may be awarded; and(4) Execute standard legal grant agreements and other documentation governing the disbursement and use of matching grants.Added by Act 2017, No. 166,§ 2, eff. 10/1/2017.