Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 1 - Development Of Economic And Natural Resources Generally > Chapter 3 - Science And Technology Authority > Subchapter 2 - Arkansas Research Matching Fund > § 15-3-204 - Disbursement of funds.

§ 15-3-204 - Disbursement of funds.

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 Board of Directors of the Arkansas Science and Technology Authority 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.