- (a) A regional economic development partnership that receives state funding under the Regional Economic Development Partnership Act, Arkansas Code § 15-4-3401 et seq., shall submit an annual report to the Arkansas Economic Development Commission.
(b) The annual report shall include the following:
- (1) A description of the economic development activities and organizational activities of the regional economic development partnership in the preceding twelve (12) months;
- (2) A detailed financial report;
- (3) A detailed budget for the next twelve (12) months; and
- (4) A description of the proposed activities of the regional economic development partnership for the next twelve (12) months for which state funding under the Regional Economic Development Partnership Act, Arkansas Code § 15-4-3401 et seq., is being requested.