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Current as of March 28, 2024 | Updated by Findlaw Staff
The city or county economic development grant ordinance shall:
(1) Provide for the mayor or county judge or a designee to administer the grant program authorized under this subchapter;
(2) Require the mayor or county judge to take the necessary action to ensure that the funds are used for the purposes for which the grant is to be awarded and that they are expended in accordance with all state laws and local ordinances and other local procedures and regulations of the awarding government;
(3) Specify the procedure for receiving applications for grants, who is eligible to apply for grants, the economic development goals and objectives of the city or county economic development grant program, and the procedures for awarding the grants; and
(4) Require the grantee to file a report with the governing body of the city or the quorum court of the county within thirty (30) days after the end of the calendar year in which the grant is awarded, explaining the exact amount of expenditures of the grant funds, the purpose for which the grant fund was awarded and expended, and the economic development goals and objectives that were accomplished as a result of the expenditure of the grant funds.
Cite this article: FindLaw.com - Arkansas Code Title 14. Local Government § 14-173-104. Ordinance--Requirements--Contents - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-14-local-government/ar-code-sect-14-173-104/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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