Ark. Code Ann. § 14-176-103: Authorization for obtaining and appropriating money

(a) A municipality or county may obtain or appropriate money for a corporation, association, institution, political subdivision of the state, the United States Government, or an individual to: (1) Finance economic development projects; or (2) Provide economic development services. (b) Funds appropriated by a municipality or county under the authority of this section shall be deemed to further the public purpose of economic development. Added by Act 2017, No. 685,§ 1, eff. 8/1/2017.

(a) A municipality or county may obtain or appropriate money for a corporation, association, institution, political subdivision of the state, the United States Government, or an individual to: (1) Finance economic development projects; or (2) Provide economic development services.

(1) Finance economic development projects; or

(2) Provide economic development services.

(b) Funds appropriated by a municipality or county under the authority of this section shall be deemed to further the public purpose of economic development.