Section 23-18-404 - Limitation on time to begin work - Time allowed to coincide with federal licenses(a) All charters and permits granted under this subchapter shall be void unless construction has begun within four (4) years from the date of the permit and has been completed within four (4) years from the date of commencement of construction.(b) Whenever the Federal Energy Regulatory Commission grants a final license providing for the development of any waterpower or hydroelectric power project in this state, which license limits the time for commencing construction or for the completion of the project or any part thereof, the Arkansas Public Service Commission is authorized to grant licenses, franchises, and permits with the same limitations as to time for the commencing, construction, or completion of any of the waterpower or hydroelectric power projects and to amend any grants, licenses, franchises, or permits that may have been previously granted or issued to any applicant by the Arkansas Public Service Commission so as to agree in the matter of time and condition with any federal licenses covering the same waterpower or hydroelectric project.Acts 1927, No. 121, § 17; Pope's Dig., § 14489; A.S.A. 1947, § 73-2018.