(a) Arkansas’s historic sites and districts provide the state with significant benefits in the areas of:
- (1) Community and economic development;
- (2) Tourism;
- (3) Civic pride; and
- (4) An overall sense of place for Arkansas.
- (b) Yet Arkansas continues to experience significant loss of historic structures.
- (c) Since the overwhelming majority of historic properties are held by private owners, the state has developed this program to encourage these owners to restore and rehabilitate historic structures.