§ 20-17-1305. Eligibility for grants -- Definition.

AR Code § 20-17-1305 (2018) (N/A)
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(a)

(1) As used in this section, "eligible organization" means an organization that agrees to provide for the care and improvement of a perpetual care cemetery that is insolvent or in financial distress as determined by the Arkansas Cemetery Board.

(2) "Eligible organization" includes a nonprofit organization which is exempt from taxation under § 501(c)(3) of the Internal Revenue Code.

(b) An eligible organization may be eligible to receive a grant under this subchapter for the care and improvement of a perpetual care cemetery if the perpetual care cemetery:

(1) Has been in court-ordered receivership or conservatorship for at least five (5) years;

(2) Has historic significance to the local community or the State of Arkansas; and

(3) Is insolvent or in financial distress.