# Ark. Code Ann. § 15-4-3002: Legislative findings

> Arkansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3002

## Section

- **Citation:** Ark. Code Ann. § 15-4-3002
- **Heading:** Legislative findings
- **Jurisdiction:** Arkansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AR Code / Title 15 / Chapter 4 / Subchapter 30 / Section 15-4-3002

## Text

The General Assembly finds that: (1) Independent studies have confirmed that the State of Arkansas and its people have not been able to participate in and enjoy the economic development benefits to be gained from the location in Arkansas of a superproject, as have many other southern states, resulting in a loss of opportunity for our citizens and a further loss for economic expansion in Arkansas; (2) The government of the state must take bold steps to establish an adequate program for funding and financing superprojects; (3) The location in Arkansas of superprojects will help alleviate severe economic instability and economic distress among the citizens of Arkansas; and (4) A superprojects program will provide means for accelerated progress in the economic development of the state, thereby providing increased payrolls, job opportunities, and tax income to support the public services of this state. Acts 2003, No. 1751, § 3.

The General Assembly finds that:

(1) Independent studies have confirmed that the State of Arkansas and its people have not been able to participate in and enjoy the economic development benefits to be gained from the location in Arkansas of a superproject, as have many other southern states, resulting in a loss of opportunity for our citizens and a further loss for economic expansion in Arkansas;

(2) The government of the state must take bold steps to establish an adequate program for funding and financing superprojects;

(3) The location in Arkansas of superprojects will help alleviate severe economic instability and economic distress among the citizens of Arkansas; and

(4) A superprojects program will provide means for accelerated progress in the economic development of the state, thereby providing increased payrolls, job opportunities, and tax income to support the public services of this state.

Acts 2003, No. 1751, § 3.

## Nearby sections

- [Ark. Code Ann. § 15-4-3001 Title](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3001.md)
- [Ark. Code Ann. § 15-4-3002 Legislative findings](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3002.md)
- [Ark. Code Ann. § 15-4-3003 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3003.md)
- [Ark. Code Ann. § 15-4-3004 Authority to issue bonds](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3004.md)
- [Ark. Code Ann. § 15-4-3005 State of Arkansas Economic Development General Obligation Bonds](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3005.md)
- [Ark. Code Ann. § 15-4-3006 Qualification as a superproject](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3006.md)
- [Ark. Code Ann. § 15-4-3007 Series of bonds](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3007.md)
- [Ark. Code Ann. § 15-4-3008 Purpose of bonds](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3008.md)
- [Ark. Code Ann. § 15-4-3009 Authorization of bonds](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3009.md)
- [Ark. Code Ann. § 15-4-3010 Form and delivery of bonds](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3010.md)
- [Ark. Code Ann. § 15-4-3011 Sale and price of bonds](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3011.md)
- [Ark. Code Ann. § 15-4-3012 Deposit of bond proceeds](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3012.md)
- [Ark. Code Ann. § 15-4-3013 Powers of the Arkansas Economic Development Commission](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3013.md)
- [Ark. Code Ann. § 15-4-3014 General obligations bonds](https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3014.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3002. Check the current official text before relying on it. Not legal advice.