§ 15-3-303 - Definitions. - Arkansas Statutes

15-3-303. Definitions.

As used in this subchapter:

(1) "Job-creating research" means basic and applied laboratory research that may reasonably be expected to lead to the creation of knowledge-based and high-technology jobs in Arkansas;

(2) "Knowledge-based and high-technology jobs" means employment opportunities in positions that pay more than one and seventy-five one hundredths (1.75) times the average annual wage in the state according to the most recent data available;

(3) "Research alliance" means the collaborative functions of research universities for the purpose of:

(A) Enhancing research infrastructure;

(B) Increasing the number of talented researchers at research universities; and

(C) Expanding knowledge-based and high-technology job-creating research activities;

(4) "Research infrastructure" means the equipment, buildings, information technology connectivity, and software of research universities within which talented researchers conduct their work; and

(5) "Research university" means any university campus in Arkansas that receives significant federal funding of job-creating research.