Section 15-3-204 - Disbursement of funds(a) The matching funds authorized by this subchapter are to be used primarily to attract federal funds to the state for basic and strategic research.(b) The Director of the Arkansas Economic Development Commission, with the advice of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission, may approve multi-year research grants, but disbursements of the matching funds authorized by this subchapter shall be for no more than a twelve-month period.Amended by Act 2019, No. 910,§ 350, eff. 7/1/2019.Amended by Act 2015EX1, No. 8,§ 79, eff. 7/1/2015.Amended by Act 2015EX1, No. 7,§ 79, eff. 7/1/2015.Acts 1999, No. 1545, § 4.