§ 15-4-2714 - Coordination with other economic development programs. - Arkansas Statutes

15-4-2714. Coordination with other economic development programs.

(a) Eligible businesses that sign a financial incentive agreement with the Arkansas Economic Development Commission before March 3, 2003, shall be provided only the benefits for which they are qualified under any of the following:

(1) Biotechnology Training and Development Act, 2-8-101 et seq. [repealed];

(2) Arkansas Economic Development Incentive Act of 1993, 15-4-1601 et seq.;

(3) Arkansas Enterprise Zone Act of 1993, 15-4-1701 et seq.;

(4) Arkansas Economic Development Act of 1995, 15-4-1901 et seq.;

(5) Economic Investment Tax Credit Act, 26-52-701 et seq.; and

(6) Arkansas Emerging Technology Development Act of 1999, 15-4-2101 et seq. [repealed].

(b) Eligible businesses signing a financial incentive agreement with the department after March 3, 2003, shall receive only the benefits for which they are qualified under this subchapter.

(c) (1) Under no circumstances shall an eligible business be entitled to receive incentives or benefits for a project under this subchapter and the programs listed in subsection (a) of this section.

(2) It is the specific intent of this subchapter that the incentives provided by this subchapter and the incentives provided by prior laws are mutually exclusive.