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(4) Rail spur construction; water service; <br /> (5) Wastewater treatment; <br /> (6)Employee training which may include equipment for such purpose; <br /> (7)Environmental mitigation; and <br /> (8) Training and research facilities and the necessary equipment therefore. <br /> (d)In order for the General Assembly to authorize the issuance of bonds bearing <br /> the full faith and credit of the State of Arkansas, the prospective employer <br /> must be planning an economic development project that will invest more than <br /> five hundred million dollars($500,000,000) in capital expenditures and plan <br /> on hiring over five hundred(500) new employees. <br /> (e)The bonds shall be paid for in full by general or special revenues appropriated <br /> by the General Assembly until the bonds have been retired and all obligations <br /> associated with the issuance of the bonds have been met. <br /> (f)Bonds may be issued under this amendment pursuant to an act of the General <br /> Assembly without voter approval. <br /> SECTION 2. This amendment becomes effective on January 1, 2005. <br />