(a) The Arkansas Economic Development Commission shall promulgate certain rules regarding the definitions and guidelines related to the development of qualifying projects under this chapter within ninety (90) days of August 1, 2017.
(b) The guidelines promulgated under this section shall include without limitation:
(1) Criteria for selecting qualifying projects to be undertaken by a public entity;
(2) Criteria for selecting among competing proposals submitted according to a request for proposals under this chapter;
(3) Timelines for selecting a qualified respondent under the process for requests for proposals under this chapter;
(4) Guidelines for negotiating a comprehensive agreement; and
(5) Guidelines for allowing the accelerated selection of a qualified respondent and the review and approval of a qualifying project that is determined to be a priority by the Governor and is funded, in whole or substantial part, by dedicated revenues.
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