§ 15-3-306 - Contracting with research alliance. - Arkansas Statutes

15-3-306. Contracting with research alliance.

(a) In order to assist a research alliance in achieving the objectives identified in 15-3-305, the Arkansas Science and Technology Authority may contract with a research alliance or any nonprofit organization recommended by a research alliance for activities consistent with the research alliance's purpose under 15-3-305.

(b) When contracting with the alliance or its designee under this subchapter, the authority may directly enter into agreements with persons or entities and shall not be bound by the provisions of Arkansas procurement law requiring competitive bids.