As used in this subchapter:(1) 'Capital improvements' means capital improvements for public roads;(2) 'Commission' means the Arkansas Economic Development Commission;(3) 'Contribution' means a contribution in aid of construction of a public roads project made by a taxpayer to the Public Roads Incentive Fund;(4) 'Council' means the Arkansas Economic Development Council;(5) 'County' means any county in the State of Arkansas;(6) [Repealed.](7) 'Fund' means the Public Roads Incentive Fund;(8) 'Governing authority' means the quorum court of a county, the governing body of a municipality, and the State Highway Commission;(9) 'Municipality' means any city or incorporated town in the State of Arkansas;(10) 'Project' means all, any combination, or any part of the capital improvements for public roads which are authorized by a governing authority and approved by the Director of the Arkansas Economic Development Commission;(11) 'Public roads' means roads maintained by a governing authority; and(12) 'Taxpayer' includes any individual, fiduciary, or corporation subject to Arkansas state income tax.Amended by Act 2019, No. 910,§ 385, eff. 7/1/2019.Amended by Act 2019, No. 910,§ 384, eff.

; and(12) 'Taxpayer' includes any individual, fiduciary, or corporation subject to Arkansas state income tax.Amended by Act 2019, No. 910,§ 385, eff. 7/1/2019.Amended by Act 2019, No. 910,§ 384, eff. 7/1/2019.Acts 1999, No. 1347, § 1.