As used in this subchapter:
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(1) “Economic development region” means a group of municipalities or counties that:
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(A) Includes at least two (2) counties; and
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(B) Has formed a regional economic development partnership;
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(2) “In-kind contributions” means items given to a regional economic development partnership, including without limitation donated office space, equipment, staff, and other items specifically approved by the Arkansas Economic Development Commission; and
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(3) “Regional economic development partnership” means an organization whose mission is to promote specific regions within the state in accordance with the intent described under § 15-4-3402.