It is the intent of the General Assembly by the enactment of this chapter to authorize in each municipality and county in this state the incorporation of a public corporation as a political subdivision of the state for the purpose of securing and developing industry and fostering economic development and to invest the corporation with all powers that may be necessary to enable it to accomplish those purposes.
Ark. Code Ann. § 14-175-102
Intent
Known as the Public Corporations for Economic Development Act
The act spans §§ 14-175-101 to 14-175-116 (16 sections).
Acts 2005, No. 1372, § 3.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.