(a) A county that does not qualify as a high-unemployment county, as defined in § 15-4-1702 , but has experienced a sudden and severe period of economic distress caused by the closing of a business entity that results in the loss of a minimum of five hundred (500) full-time permanent jobs or a minimum of five percent (5%) of the employed labor force, as determined by the most recent "Labor Market Information" publication published by the Division of Workforce Services, may be designated as a high-unemployment county by the Arkansas Economic Development Council. (b) The designation as a "high-unemployment county" shall be in effect for one (1) year after the closing of the business. Amended by Act 2019, No. 910,§ 376, eff. 7/1/2019. Acts 2001, No. 807, § 5. (a) A county that does not qualify as a high-unemployment county, as defined in § 15-4-1702 , but has experienced a sudden and severe period of economic distress caused by the closing of a business entity that results in the loss of a minimum of five hundred (500) full-time permanent jobs or a minimum of five percent (5%) of the employed labor force, as determined by the most recent "Labor Market Information" publication published by the Division of Workforce Services, may be designated as a high-unemployment county by the Arkansas Economic Development Council. (b) The designation as a "high-unemployment county" shall be in effect for one (1) year after the closing of the business. Amended by Act 2019, No. 910,§ 376, eff. 7/1/2019. Acts 2001, No. 807, § 5. (a) A county that does not qualify as a high-unemployment county, as defined in § 15-4-1702 , but has experienced a sudden and severe period of economic distress caused by the closing of a business entity that results in the loss of a minimum of five hundred (500) full-time permanent jobs or a minimum of five percent (5%) of the employed labor force, as determined by the most recent "Labor Market Information" publication published by the Division of Workforce Services, may be designated as a high-unemployment county by the Arkansas Economic Development Council. (b) The designation as a "high-unemployment county" shall be in effect for one (1) year after the closing of the business. Amended by Act 2019, No. 910,§ 376, eff. 7/1/2019. Acts 2001, No. 807, § 5. (a) A county that does not qualify as a high-unemployment county, as defined in § 15-4-1702 , but has experienced a sudden and severe period of economic distress caused by the closing of a business entity that results in the loss of a minimum of five hundred (500) full-time permanent jobs or a minimum of five percent (5%) of the employed labor force, as determined by the most recent "Labor Market Information" publication published by the Division of Workforce Services, may be designated as a high-unemployment county by the Arkansas Economic Development Council. (b) The designation as a "high-unemployment county" shall be in effect for one (1) year after the closing of the business. Acts 2001, No. 807, § 5.
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