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Current as of March 28, 2024 | Updated by Findlaw Staff
As used in this subchapter:
(1) “Nonprofit entity” means an entity that has received tax-exempt status from the Internal Revenue Service pursuant to section 501(c)(3) or section (501)(c)(4) of the Internal Revenue Code of 1986, 26 U.S.C. § 501(c)(3) or 26 U.S.C. § 501(c)(4), as they existed on January 1, 2023;
(2) “Public venue” means a location that:
(A) Is open to the general public; and
(B) Is not the address designated as the primary business address of a new motor vehicle dealer licensed by the Arkansas Motor Vehicle Commission or a used motor vehicle dealer licensed by the Division of Arkansas State Police;
(3) “Significant positive economic impact” means an economic benefit of at least three million dollars ($3,000,000) to the state or a region of the state;
(4) “Special event” means an event held at a public venue with or without an admission fee that:
(A) Is sponsored by a city, a county, a nonprofit entity, or a special event vehicle owners' organization;
(B) Occurs not more than one (1) time each year for no more than seven (7) consecutive days; and
(C) Includes any of the following that are invited to attend:
(i) New motor vehicle dealers to display and sell special event vehicles; or
(ii) New motor vehicle manufacturers or distributors to display special event vehicles;
(5) “Special event vehicle” means:
(A) A motorcycle;
(B) An all-terrain vehicle;
(C) A utility task vehicle;
(D) A scooter;
(E) A go-kart; and
(F) A low-speed vehicle; and
(6) “Special event vehicle owners' organization” means an entity that is organized as a nonprofit entity or for-profit entity and in good standing with the Secretary of State.
Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-112-802. Definitions - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-112-802/
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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