Arkansas Administrative Code Agency 003 - Department of Commerce
The Arkansas Administrative Code – Agency 003 pertains to the Arkansas Department of Commerce. This department encompasses a variety of divisions and commissions focused on economic development, workforce services, banking, insurance, securities, and utilities regulation within the state.
Here’s an overview of the typical divisions or sub-agencies that fall under Agency 003 – Department of Commerce:
Key Divisions & Functions under Agency 003:
Arkansas Economic Development Commission (AEDC)
Business recruitment & expansion
Incentives & tax credits
Community development programs
Minority & women-owned business support
Division of Workforce Services
Unemployment insurance administration
Workforce training & job placement services
Adult education and vocational rehabilitation services
State Bank Department
Regulation and supervision of state-chartered banks and financial institutions
Insurance Department
Licensing and regulation of insurance companies and professionals
Consumer protection services
Securities Department
Regulation of securities offerings and professionals (e.g., brokers, investment advisors)
Public Service Commission (PSC)
Regulation of utilities (electric, gas, telecommunications)
Each of these divisions may have their own rules and regulations codified under separate subchapters within the administrative code. These rules govern operations, licensing, compliance requirements, consumer protection provisions, and enforcement mechanisms.
RELATED Blog
0 comments