Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 1 - Development Of Economic And Natural Resources Generally > Chapter 4 - Development Of Business And Industry Generally > Subchapter 16 - Arkansas Economic Development Incentive Act of 1993 > § 15-4-1607 - Transfer of funds.

§ 15-4-1607 - Transfer of funds.

15-4-1607. Transfer of funds.

After the Department of Finance and Administration has received the certification of the number of employees and their payroll from a business that has entered into a financial incentive plan with the Arkansas Economic Development Commission, the Department of Finance and Administration shall transfer the appropriate amount of money designated by the financial incentive plan out of general revenues into a special account designated as special revenue for the Economic Development Incentive Fund.