# Ark. Code Ann. § 15-4-3006: Qualification as a superproject

> Arkansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3006

## Section

- **Citation:** Ark. Code Ann. § 15-4-3006
- **Heading:** Qualification as a superproject
- **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 15-4-3006

## Text

(a) (1) To qualify as a superproject, the investment and job creation requirements must be attained no later than the eighth year after the project first begins operations unless the eight-year period is extended by the Arkansas Economic Development Commission. (2) The commission may extend the eight-year deadline for a reasonable period of time, taking into consideration general economic conditions. (b) If the investment and job creation requirements are not attained within the eight-year deadline or the extended deadline as prescribed by the commission, the sponsor shall refund to the Arkansas Development Finance Authority any funds the sponsor received under this subchapter. Acts 2003, No. 1751, § 6.

(a) (1) To qualify as a superproject, the investment and job creation requirements must be attained no later than the eighth year after the project first begins operations unless the eight-year period is extended by the Arkansas Economic Development Commission. (2) The commission may extend the eight-year deadline for a reasonable period of time, taking into consideration general economic conditions.

(1) To qualify as a superproject, the investment and job creation requirements must be attained no later than the eighth year after the project first begins operations unless the eight-year period is extended by the Arkansas Economic Development Commission.

(2) The commission may extend the eight-year deadline for a reasonable period of time, taking into consideration general economic conditions.

(b) If the investment and job creation requirements are not attained within the eight-year deadline or the extended deadline as prescribed by the commission, the sponsor shall refund to the Arkansas Development Finance Authority any funds the sponsor received under this subchapter.

Acts 2003, No. 1751, § 6.

## 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)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T15_C4_S30_S15-4-3006. Check the current official text before relying on it. Not legal advice.