US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

§ 15-3-201. Legislative intent

A national ranking of Arkansas’s research performance in comparison with other states places our state forty-ninth. In order to be competitive in our economic and educational endeavors, it is critical that our research capabilities be upgraded. To be competitive will require a commitment on behalf of the state that is specifically targeted to improving our […]

§ 15-3-202. Creation

(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 […]

§ 15-3-203. Administration

(a) In order to obtain moneys from the Arkansas Research Matching Fund: (1) A college or university may provide the Arkansas Economic Development Commission with the research grant proposal for federal funds submitted with a letter of intent to apply for a match to one (1) of the funding agencies identified in § 15-3-205; (2) […]

§ 15-3-204. Disbursement of funds

(a) The matching funds authorized by this subchapter are to be used primarily to attract federal funds to the state for basic and strategic research. (b) The Director of the Arkansas Economic Development Commission, with the advice of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission, […]

§ 15-3-205. Funds for match

Funds used under the provisions of this subchapter shall adhere to the following criteria: (1) Be used for the purposes of matching an approved grant from an eligible federal agency, limited to the following: (A) The National Science Foundation; (B) The National Institutes of Health; (C) The United States Department of Energy; (D) The United […]

§ 15-3-206. Reporting

The Arkansas Economic Development Commission shall present to the Governor’s office and the General Assembly a report on the investment from the Arkansas Research Matching Fund by April 1 of each even-numbered year.

§ 15-3-207. Prohibition

None of the moneys appropriated by the General Assembly for the Arkansas Research Matching Fund shall be used for the construction of new facilities.

§ 15-3-208. Rules

The Arkansas Economic Development Commission has the authority to establish guidelines by which eligible institutions might access research funds created by this subchapter through the promulgation of administrative rules in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq.