§ 15-4-3102 - Legislative intent. - Arkansas Statutes

15-4-3102. Legislative intent.

The General Assembly finds that:

(1) Nonprofit organizations can make a significant contribution to the local economy of Arkansas communities;

(2) In many instances, a nonprofit organization can locate its operations in any number of states, creating a situation in which an Arkansas community may be in the position of competing for the location with another community located out of state;

(3) In situations in which a nonprofit organization is considering whether to locate its operations in Arkansas, it is important to have an inducement to help the nonprofit organization decide to locate in Arkansas; and

(4) The offering of incentives to a nonprofit organization should occur only when the eligibility requirements in 15-4-3104 are met.