Arkansas Code Title 15. Natural Resources and Economic Development § 15-4-3404. Regional economic development partnerships--Board of directors

(1) The economic development region includes the active participation of at least two (2) contiguous counties;

(2) The economic development region is of adequate size in population to:

(3) The economic development region is economically integrated as determined by:

(b)(1) After a regional economic development partnership has been formed, a county may elect to join the regional economic development partnership by adopting an ordinance to that effect.

(2) However, a county that adopts an ordinance under subdivision (b)(1) of this section shall become a member of the regional economic development partnership only upon a majority vote of the members of the board of directors of the regional economic development partnership that are residents of Arkansas.

(c)(1) A regional economic development partnership formed on or after January 1, 2013, shall be governed by a board of directors that shall operate, manage, and control the regional economic development partnership in all respects.

(2) If a regional economic development partnership is formed on or after January 1, 2013:

(3) Each member of the board of directors shall serve for a term as provided under the bylaws of the regional economic development partnership.

(4) The commission may allow an existing entity that applies to be a regional economic development partnership to maintain the entity's existing rules regarding the membership, terms, and duties of the board of directors.

(5) If a regional economic development partnership includes a territory located in another state, regional funding provided under this subchapter shall only be provided to a county in Arkansas.