-
(a) There is created the Arkansas Research Matching Fund.
-
(b) The fund shall be administered by the Arkansas Economic Development Commission and shall be for the benefit of colleges and universities located within the State of Arkansas.
-
(c) In order to qualify for the research moneys to be made available through this fund, schools must be a two-year or four-year accredited institution of post-secondary education. Consortiums of eligible institutions are eligible and encouraged to apply for these funds. The fund shall be focused on basic and strategic research.
