Ark. Code § 15-4-3205

Current with legislation from 2024 Fiscal and Special Sessions.

Section 15-4-3205 - Penalties

The sponsor shall be subject to specific penalties set forth in the Amendment 82 agreement and enacted in related legislation under § 15-4-3203(j) if the sponsor:

(1) Does not satisfy the minimum job creation and investment requirements specified in the Amendment 82 agreement within the time period specified in the Amendment 82 agreement;

(2) Does not maintain the job creation requirements specified in the Amendment 82 agreement for the period of time specified in the Amendment 82 agreement; or

(3) Fails to satisfy other terms of the Amendment 82 agreement.

Ark. Code § 15-4-3205

Acts 2005, No. 1981, § 1.